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Journal Articles The European Actuary Year : 2020

IFRS 17: the sticking point of annual cohorts


On September 30, EFRAG published its Draft Endorsement Advice on IFRS 17 Insurance contracts. Comments are requested by 29 january 2021. It concluded on a consensus basis that IFRS 17 meets the various criteria for endorsement, with the notable exception of the requirement to apply annual cohorts to intergenerationally-mutualised and cash-flow matched contracts. In this paper, we focus on this particular issue and show how annual cohorts fail to give a pertinent picture of participating life insurance business, as practiced in many continental European countries.
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hal-02989360 , version 1 (05-11-2020)


  • HAL Id : hal-02989360 , version 1


Pierre-Emmanuel Thérond, Victor Froment. IFRS 17: the sticking point of annual cohorts. The European Actuary, 2020, 24, pp.11-14. ⟨hal-02989360⟩
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