Educational Note: IFRS 17 Discount Rates and Cash Flow Considerations for Property and Casualty Insurance Contracts

Publication date: 30-06-2022

Version: Current

Language available: Bilingual

Download publication

The Committee on Property and Casualty Insurance Financial Reporting (PCFRC) has prepared this educational note to provide guidance related to setting and applying discount rates (including cash flow considerations) for the purposes of calculating the present value of estimates of future cash flows under IFRS 17.

This educational note is structured in sections as follows:
• Sections 1 and 2, respectively, provide an introduction and a list of the terminology used in this educational note.
• Sections 3 through 7 illustrate various considerations in determining an entity’s fulfilment cash flows, including selecting an IFRS 17 discount curve.
• Sections 8 through 13 provide additional guidance around the application of discount rates, measuring changes in discounting assumptions, and other aspects of financial statement presentation.
• Section 14 describes the illustrative examples set out in Appendices 1 through 9, detailed in the Excel file that forms part of this educational note.

Categories: Practice

Types: Educational notes

Topics: Life insurance, Property and casualty insurance

Pages: 45

Format: PDF

Accession no.: 222098

Other versions

Newest

Revised Educational Note: IFRS 17 Discount Rates and Cash Flow Considerations for Property and Casualty Insurance Contracts

30-11-2022

Revised Draft Educational Note: IFRS 17 Discount Rates and Cash Flow Considerations for Property and Casualty Insurance Contracts

07-12-2020