April 29, 2021
12:00 to 13:00 ET
(Offered in English) 

Speakers:
Stephanie Fadous, Head of IFRS 17 Implementation, Manulife
Étienne Morin, IFRS 17 Senior Actuarial Advisor, iA
Gwen Weng, Director, IFRS 17 Actuarial, Equitable Life of Canada

IFRS 17 established the principles for setting the discount curves applied to the estimates of the future cash flows. A draft educational note was published in 2020 to discuss various considerations in developing an entity’s IFRS 17 discount curves. The draft educational note also introduced the concept of reference curves for liquid and illiquid insurance contracts and outlined where the actuary is expected to comply with the guidance provided in this draft educational note.

Subsequent to the publication of the draft educational note, the Committee on Life Insurance Financial Reporting and the Actuarial Guidance Council requested feedback from third parties on specific topics covered in the draft educational note:

1. The derivation of the risk-free rates beyond the last observable point, including setting the ultimate risk-free rate.
2. The establishment of the last observable point in Canada.
3. The basis used to interpolate the rates between the last observable point and the ultimate rate.
4. The establishment of the liquidity premium in the observable and unobservable periods.
5. The development of a process to update the value of the reference curve parameters.

This webcast will present the feedback received as part of this external consultation as well as the subcommittee’s timeline to incorporate some of the feedback received on the draft educational note, including the reference curves parameters.

The recording of this webcast will be available within 24 hours following the live event. Register now to get access as soon as it is available.

We will email information on how to access the webcast 24 hours before the start time.

If you have difficulty with the registration process, please contact [email protected] or call 613-236-8196 ext. 111.