The retrospective CSM is the source of some major IFRS 17 implementation challenges. Carlo Jonk offers the solution by using prospective valuation.
Triple A – Risk Finance is growing. And now that Triple A is working for a growing number of clients in Spain, such as VidaCaixa, Medvida and Zurich, it’s time to open an office here.
The implementation of IFRS 17 and determining the Contractual Service Margin (CSM) for existing insurance contracts presents insurers with major challenges.