by Eytan Ellenberg
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Dr. Eytan ELLENBERG MD MPH PHD is Head of Research & Academy, Office of Medical Affairs, National Insurance Institute of Israel |
The implementation of IFRS 17 has significantly raised expectations regarding actuarial explanations. Insurers are no longer assessed solely on the robustness of their estimates, but increasingly on the clarity and credibility of the narratives that accompany movements in insurance contract liabilities. Boards, auditors, and regulators now expect reserve changes to be explained through underlying drivers –typically frequency, severity, and inflation.
This article was published in The European Actuary No. 45 – March 2026
