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CSM and P&L assessment under IFRS 17

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About the Paper

The IFRS 17 standard falls within a worldwide accounting evolution. It aims at:

 

  • Unifying the insurance accounting system,
  • Facilitating comparison between the undertakings’ financial situation,
  • Globally improving the financial communication, by addressing the current accounting deficiencies (in particular with a fair value of insurance contracts disclosed in the P&L).

IFRS 17 introduces a systematic assessment of insurance contracts profitability that affects the undertaking’s P&L.

Companies have to master the possible levers induced by this concept and to define their new management tools.
The concept will also force the insurance community and investors to adapt the business analysis.

What you'll find in the Paper

This paper deals with the drivers of the IFRS 17 Profit (assets classification background under IFRS 9 and CSM measurement approaches), the disclosure of the P&L account and the solutions identified to handle the volatility and mismatch related to IFRS 17 valuation.


Our Paper covers:

  • The drivers of the IFRS 17 Profit (assets classification background under IFRS 9 and CSM measurement approaches),
  • The disclosure of the P&L account,
  • The solutions identified to handle the volatility and mismatch related to IFRS 17 valuation.

Our addactis Experts

This publication was produced under the direction of:


Laurent DEVINEAU
Partner
Chief Innovation Officer
Deputy CEO ADDACTIS France

 

With addactis® experts in France:
 

Marielle DE LA SALLE
Partner
Business & Innovation Advisor


Benjamin POUDRET
Partner
Head of Modeling & Risk P&C


Inès MANAIS
Consultant

David MARIUZZA
Partner
Head of Modeling & Finance


Philippe-Antoine JUSSIAUX
Senior Manager
 

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