In the third of this three-part episode, we conclude with the contractual service margin and loss component reports, and lastly the disclosed financial performance both at the group level or for each unit of account.
In the second of this three-part episode, we present written, advance and overdue actuals and the actuarial experience adjustment – the difference between effective and expected cash flows.
In the first of this three-part episode, study the Best Estimates and Risk Adjustments of Present Values displayed in the Reports notebook and calculated from the template data shipped with the IFRS17 Project available in the Systemorph Cloud Portal.
In this episode, we walk you through the Systemorph IFRS17 Template Project which includes a complete example of input data for many annual reporting periods and uses our Calculation Engine for producing and reporting results.
We break down the theory behind calculating the present value of insurance contracts through the Analysis of Change approach.
We show you how the present value of a group of insurance contracts can easily be calculated using our IFRS17 Calculation Engine developed in Systemorph Cloud Notebooks.