IFRS 17 Discount Rates for Life and Health Insurance Contracts

Group: Committee on Life Insurance Financial Reporting

Publication date: 13-12-2023

Version: Current

Language available: Bilingual

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The Committee on Life Insurance Financial Reporting (CLIFR) has prepared this educational note to provide guidance related to setting the discount rates for the purpose of calculating the present value of estimates of future cash flows under IFRS 17.

This educational note is structured in two chapters. The first chapter is intended to illustrate various considerations in developing an entity’s IFRS 17 discount curve, without narrowing the choices available to the entity under IFRS 17. The chapter focuses on aspects of setting the discount rates that are specific to the Canadian market.

Categories: Practice

Types: Educational notes

Topics: Life insurance, Property and casualty insurance, Workers’ compensation

Pages: 79

Format: PDF

Accession no.: 223185

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Educational Note: IFRS 17 Discount Rates for Life and Health Insurance Contracts

30-06-2022