Lesson · IFRS 17
From IFRS 4 to IFRS 17: mapping the old concepts to the new
Map each IFRS 4 era concept (best estimate, compulsory and discretionary margins, DAC, liability adequacy test, premium revenue, embedded value) to its IFRS 17 counterpart.
16 minutes Standard as at 6 November 2026
What you will be able to do
- Map each IFRS 4 era concept (best estimate, compulsory and discretionary margins, DAC, liability adequacy test, premium revenue, embedded value) to its IFRS 17 counterpart
- Explain which intuitions carry over and which must change, for each pair
- Rebuild one life liability under an FSV-style basis and under the IFRS 17 general model and reconcile the building blocks
- Explain why CSM is not embedded value or VIF
This is a preview of a member lesson. The full lesson is in the IFRS 17 library, open to everyone who enrols.
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IFRS and SAM, one requirement at a time
Each week you get the Institute's new articles: one requirement of IFRS 17, IFRS 9, IFRS 15, IFRS 18 or SAM, worked on a South African case. You start with the free IFRS 18 readiness checklist, ten areas to work through before IFRS 18 takes effect, each with its paragraph reference.