Introduction
The Assumption Management and Calculation Module course is designed to provide a systematic understanding of the sophisticated assumption-setting methodologies essential for IFRS 17 financial closing, along with detailed actuarial and accounting closing procedures. Through this course, participants will acquire in-depth knowledge of the assumption-setting process and the overall financial closing procedures required for IFRS 17 implementation.
In particular, the course covers the methodology for deriving risk assumptions using loss ratios in detail. It explains the process of establishing appropriate assumptions and the corresponding validation procedures. By incorporating hands-on exercises and case studies, participants will enhance their practical skills in calculating and validating risk assumptions. This approach ultimately strengthens their ability to perform accurate and reliable financial closing under IFRS 17.