Introduction
The Assumption Management and Calculation Module course is designed to provide an in-depth understanding of the sophisticated assumption-setting methodologies and detailed actuarial and accounting closing procedures essential for successfully performing IFRS 17 financial closing. Through a practical and structured approach, this course ensures that participants accurately grasp and effectively apply the key principles and methodologies required for the IFRS 17 closing process.
In particular, the course focuses on the concrete methodologies for deriving policyholder behavior assumptions, such as lapse rates. It also provides insights into market practices applied in assumption setting, enabling participants to gain practical knowledge of industry standards. By analyzing policyholder behavior data, deriving lapse rates, and conducting validation procedures through hands-on case studies, participants will develop the capability to establish reliable assumptions and integrate them into the IFRS 17 closing process. This course ultimately strengthens their ability to perform accurate and effective financial closing in the complex IFRS 17 environment.