Valuation of Insurance Contracts
“How much money are you willing to pay today for a group of insurance contracts?” – Calculating present value.
Welcome to Systemorph’s IFRS17 education series #Techucation, a how-to guide for computing IFRS17 financials.
This series tackles the topic of present value, the basis for computing IFRS17 financials, and sheds light on “how much money are you willing to pay today for a group of insurance contracts?”
In episode one, we break down what IFRS17 is all about and show you the theory behind calculating the present value of insurance contracts.
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 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.
We show you how to configure the Systemorph IFRS17 Calculation Engine to your own data set and business. From setting up your company’s many legal entities to include your favorite Analysis of Change step. This is where the magic happens.