The Casualty Actuarial Society (CAS) is issuing a Request for Proposals (RFP) for a research paper which studies and discusses the actuarial considerations associated with IFRS-17 implementation for general insurers in Asia.

Research Problem Description

The implementation of IFRS-17 is an emerging focus area for general insurers in the Asia region. China, Hong Kong, Malaysia, Singapore, and Taiwan are all presently moving to this new accounting standard. Actuaries and professionals in accounting and information technology are working together in new ways to assemble and report in accordance with this new standard.

The research will investigate key considerations for actuaries supporting their companies in IFRS-17 reporting and may include risks and opportunities for professionals and general insurance companies; as well as approaches, case studies, and lessons learned in implementing the standard.

Timeline and selection

Potential topics include, but are not restricted to:

• Use of Premium Allocation Approach (PAA) vs. General Model (GM).
• Case studies on PAA eligibility approaches.
• Explore the actuarial role in Onerous Contract identification and loss component calculation.
• For those under the GM, case studies in actuarial work in updating the Contractual Service Margin (CSM)

To find out more