Insight
Pension Funding Index August 2022
The Milliman 100 PFI funded ratio decreases to 104.5% as pension liability increases outpace investment gains.
The IFRS 17 Risk Adjustment creates challenges for (re)insurers, such as how to determine the confidence level needed for disclosure purposes, and how to restate a given confidence level over different time horizons. This paper presents a solution to address these challenges and details a case study for a life company.
Below is an infographic that highlights the five key characteristics that can lead to a higher risk adjustment and the risk adjustment calculation techniques.
Insight
The Milliman 100 PFI funded ratio decreases to 104.5% as pension liability increases outpace investment gains.
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IFRS 17: Deriving the confidence level for the Risk Adjustment: A case study for life (re)insurers
This paper presents a solution to address (re)insurers’ challenges, including how to determine the confidence level needed for disclosure purposes and how to restate a given confidence level over different time horizons.