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The Time value of money in IFRS 17: how discounting shapes financial outcomes
The Time value of money in IFRS 17: how discounting shapes financial outcomes
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Objetos digitales
MAP20250012134
Winkler, Michael ‌
The Time value of money in IFRS 17: how discounting shapes financial outcomes [28 July 2025] / Michael Winkler and Sunil Kansal
Michael Winkler : actuario (SAA/DAV) en RefinSol y Shasat Consulting, anteriormente en puestos de management en divisiones actuariales en Swiss Re, Munich Re/New Re y Winterthur Group.
Sunil Kansal : Jefe de Consultoría de Shasat, es censor jurado de cuentas y miembro del Institute of Chartered Accountants in England and Wales
Documento relacionado: Winkler, Michael. Wrapping your head around insurance figures : challenges reading IFRS 17 Statements = Del dicho al hecho : desafíos al leer informes NIIF 17
Sumario: This article provides an insightful overview of the issues around determining the time value of money, i.e. the discounting in the IFRS 17 accounting framework. The concept of discounting future cash flows has not been consistently applied in previous standards, e.g. many non-life insurance companies did not discount their reported claims reserves in order to include a conservative margin. In IFRS 17, discounting is consistently applied to any long-term cash flows. The discount rates are supposed to reflect any financial risks whereas an explicit margin for non-financial risks the so-called Risk Adjustment is added to the liabilities. In several markets deriving reasonable discount rates is challenging given the limited availability of suitable market data
En: Novedades del Centro de Documentación de Fundación MAPFRE. - Madrid : Centro de Documentación de Fundación MAPFRE, 2017-2025. - 24/09/2025 Número 103 - Septiembre 2025
1. Normas internacionales de información financiera ‌. 2. IFRS 17 ‌. 3. Contabilidad a valor de mercado ‌. 4. Valor capital ‌. 5. Valoración financiera ‌. 6. Empresas de seguros ‌. 7. Rentabilidad ajustada al riesgo ‌. 8. Métodos de medición ‌. 9. Artículos de expertos ‌. 10. Unión Europea ‌. I. Kansal, Sunil ‌. II. Shasat Consulting ‌. III. Title.