Centro de Documentacion de Fundación MAPFRE

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      <subfield code="a">Variable fee approach (VFA)</subfield>
      <subfield code="b">: how do your contracts measure up?</subfield>
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      <subfield code="a">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.</subfield>
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      <subfield code="t">The Actuary : the magazine of the Institute & Faculty of Actuaries</subfield>
      <subfield code="d">London :  Redactive Publishing, 2019-</subfield>
      <subfield code="g">02/12/2019 Número 11 - december 2019 , p. 21-23</subfield>
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Variable fee approach (VFA) : how do your contracts measure up?
