Advanced Variable fee approach
Course Description
After completing this eLearn, participants will have a deeper understanding about:
Overview of differences and similarities between the VFA and the GMM;
Overview of technical requirements for VFA eligibility and practical examples of applying the criteria of “substantial share” and “variability”;
Establishing coverage units and how multiple types of service in a single contract are treated;
The differences between components that vary and do not vary with the underlying items and their interaction;
Accounting mismatches and the options in IFRS 17 to reduce such accounting mismatches (OCI-option and/or the risk mitigation option).
Course Structure
The eLearn introduces the following topics:
- Introduction & recap
- Coverage units
- Non-distinct investment components
- Measurement
- Applying the VFA
- Use of OCI
- Contract modifications & contract options
Should Attend
This course is intended for professionals in financial and actuarial functions.
Prerequisites
There are no prerequisites to follow this eLearn
Assessment
A final quiz will test your knowledge.
Key-Features
Online self-paced, available 24/7
Course Structure
The eLearn introduces the following topics:
- Introduction & recap
- Coverage units
- Non-distinct investment components
- Measurement
- Applying the VFA
- Use of OCI
- Contract modifications & contract options
Should Attend
This course is intended for professionals in financial and actuarial functions.
Prerequisites
There are no prerequisites to follow this eLearn
Assessment
A final quiz will test your knowledge.
Key-Features
Online self-paced, available 24/7
Register Your Interest: