Schedule of IFRS 17 - Advanced Topics : The modified BBA to measure with profit products in the Belgian market (2 CPD)

• IFRS 17 Recap Slides
• Introduction
• Measurement Models
• Scope - Contracts with Asset dependent CFs – Direct vs Indirect participating contracts
• VFA vs Modified BBA Eligibility Criteria
• Discounting – OCI – Crediting rate vs Locked-in rate.
• Initial Recognition
• Overview of Requirements (BEL – RA – CSM)
• Illustrative example – T-account (Profitable vs Onerous contracts)
• Subsequent Measurement
• Overview of Requirements
• Fulfillment Cash-flows (BEL & RA)
• Roll Forward of balances (BEL & RA)
• Re-estimation of Non-financials assumptions
• Re-estimation of Financial assumptions
• CSM
• OCI - Discounting
• Illustrative example – T-account
• Conclusion (Hot topics discussed at the moment within the Life industry?)
• Q&A

by Olivia Saffery