RA: Risk Adjustment
The material mentions
RA: Risk Adjustment (for non-financial risk)
→ claims development, reinsurance recovery
Could there be other non-financial risks included in the RA, under IFRS17? Under current practice, it is only claims dev and reins.
RA: Risk Adjustment (for non-financial risk)
→ claims development, reinsurance recovery
Could there be other non-financial risks included in the RA, under IFRS17? Under current practice, it is only claims dev and reins.
Comments
There's lapse risk and expense risk too off the top of my head