The introduction of PSAK 117 marks a significant shift in insurance accounting, aiming to enhance transparency and comparability across the industry. While the standard introduces complexities, it also presents insurers with an opportunity to modernise their operations and gain a competitive edge. Key Challenges in Implementation Implementing PSAK 117 is no small feat. Insurers face […]
Tag Archives: risk adjustment
28
Feb
Feb
The actuarial profession is evolving at an unprecedented pace. As data volumes surge, regulatory landscapes shift, and businesses demand more strategic insights, actuarial modernisation is no longer optional – it is essential. At MBE Consulting, we understand that this transformation is about more than just technology; it’s about creating smarter, more agile actuarial functions that […]
20
Oct
Oct
IFRS 17 Risk Adjustment and Confidence Levels – there are still key areas that actuaries are either struggling with or are unable to decide on which approach to adopt.
18
Jan
Jan
In this blog we consider the main points product development actuaries may need to think about when designing and pricing products in an IFRS 17 world.
12
May
May
Complying with the IFRS 17 insurance contracts accounting standard is hard work, especially for firms writing long-term contracts. This blog discusses the potential for the premium allocation approach to relieve the pressure.
14
Apr
Apr
This industry-wide report investigated the challenges life insurance companies are facing around the IFRS 17 Risk Adjustment and its associated confidence level.
01
Mar
Mar
Andries Beukes discusses with Cintia Cheong (InsuranceERM) the findings of an investigation into how insurers are planning to calculate their IFRS 17 risk adjustment and confidence level.