Centro de Documentacion de Fundación MAPFRE - Variable fee approach (VFA) : how do your contracts measure up?

MAP20200013778

Variable fee approach (VFA) : how do your contracts measure up? / Steven Morrison

Sumario: IFRS 17 provides a specific measurement model for insurance contracts with direct participation features, known as the variable fee approach (VFA). This refers to the fact that such contracts are characterised by a variable fee that the entity charges in exchange for investment-related services. The variable fee is treated differently under the VFA than under the general measurement model, resulting in different attribution between insurance service and finance results, profit timing and volatility. Understanding whether existing contracts meet the eligibility criteria for the VFA is therefore of great importance to companies implementing IFRS 17

En: The Actuary : the magazine of the Institute & Faculty of Actuaries. - London : Redactive Publishing, 2019-. - 02/12/2019 Número 11 - december 2019 , p. 21-23

1. IFRS 17 . 2. Contrato de seguro . 3. Empresas de seguros . 4. Normas internacionales de información financiera . I. Título.