What changes in the FCF don't/adjust the CSM?

jjj820jjj820
in CIA.IFRS17-IC

Hi Graham,

"Change in present value of cash flows related to future coverage" and "change in time value of money" will not adjust CSM sound the same to me . Could you please explain the difference?

Thanks !

Comments

  • Staff-T1Staff-T1

    For the first point, it is referring to changes in actuarial assumptions (i.e. a change in your ultimate Loss Ratio)
    Change in Time Value of money refers to changes in the discount rate

  • jjj820jjj820

    Thank you !

Sign In or Register to comment.