Description: Risk adjustment is needed under IFRS 17 to reflect the compensation that a company requires for bearing the uncertainty about the amount and timing of the cash flows that arises from non-financial risk. Companies are also required to disclose the method and confidence level used for the calculation of the RA. However, IFRS 17 doesn’t specify a method and a confidence level, nor does it provide a list of specific risks that are considered to be non-financial risk. Companies need to define them based on their own preferences or existing practices. This article will introduce available approaches and discuss the confidence level approach with potential consideration stemming from industry preferences and illustrative examples.

Description: This article is an update, as of September 2019, on projects in process and those recently completed.

Description: Feature article describing the status of research reports relevant to Financial Reporting Section members.

Description: Editor’s Notes by G. Thomas Mitchell from The Financial Reporter, October 1999, Issue No. 40.

Description: Blazing the Path for a Unified Valuation System by David K. Sandberg from The Financial Reporter, June 2000, Issue No. 42.

Description: Some Observations on Fair Value Accounting by Paul Margus from The Financial Reporter, December 2001, Issue No. 48.

Description: Full version of The Financial Reporter, Issue 47, September 2001.

Description: discussion of the ongoing developments in reserving and risk-based capital RBC requirements for variable annuities including stochastic scenario projections

Description: Reflections on some of the things the Financial Reporting Section of the Society of Actuaries accomplished over the preceding year.

Description: Letter From the Editor by Jerry Enoch from The Financial Reporter, December 2002, Issue No. 51.