13 Jun 2023
IFRS 17: The Variable Fee Approach – Basics and Challenges
The IASB issued 2017 the new comprehensive insurance accounting standard IFRS 17, with amendments issued in 2020. In addition to its general model, IFRS 17 introduces a modified approach, usually referred to as Variable Fee Approach (VFA), for a specific class of participating insurance contracts. Both the identification of such contracts and the application of the approach require a number of accounting decisions based on interpretations of the sophisticated criteria provided by IFRS 17.
Organised by the EAA – European Actuarial Academy GmbH.
The web session is suited for actuaries with both knowledge of the general model of IFRS 17 and of the mechanics of traditional participating insurance contracts. The background knowledge is necessary since there will be no time to introduce those concepts.
Technical RequirementsPlease check with your IT department if your firewall and computer settings support web session participation (the programme Zoom will be used for this online training). Please also make sure that you are joining the web session with a stable internet connection.
Purpose and Nature