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Evaluation

International

Level 1: No prior knowledge of the subject (0-3 Years)

C:FI:L1

CS-19 - IFRS17: Why Do P&C Insurers Strive for the PAA? How Do You Get There? A Case Study on PAA Eligibility

Tuesday, November 7, 2023
9:45 AM – 10:45 AM PST
Location: Palos Verdes (1st Floor)
Most IFRS 17 reporting P&C insurers around the globe strive to use the simplified Premium Allocation Approach (“PAA”) over the full General Measurement Model (“GMM”) as their measurement model for IFRS 17 – why is this and how do you get there? We will talk through a real-world case study on PAA Eligibility, and how the approach tackles the theory behind PAA eligibility, tests the drivers of variability between the PAA and GMM, and addresses some of the common practical challenges an insurer will face.

Learning Objectives:

  • Describe the different IFRS 17 models i.e. full GMM and simplified PAA available and the pros/cons of each.
  • Understand the eligibility criteria required to follow the simplified PAA approach.
  • Conceptualise and design modelling requirements for the eligibility testing by following the case study we present.