Non-financial vs non-economic risks

SebastienNSebastienN
in CIA.IFRS17-2

Risk adjustment in IFRS 17 includes provision for non-financial risk whereas in current practice, PFAD includes provision for non-economic and economic risks. Does economic risk and non-financial risk mean the same thing here?

Comments

  • Staff-T1Staff-T1

    Economic risk under IFRS4 is equivalent to financial risk under IFRS17

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