IFRS 적용을 위한 종신보험의 보험계약부채 공정가치 산출에 관한 연구

초록

Using the fair value approach for IFRS 17 transition, this study directly computes the contractual service margin(CSM) and the insurance contract liability under IFRS 17 for representative Whole Life product contracts, and then compares them with the current reserves. Because a non-performance risk should reflect the discount rate used in fair value approach, the fair value at the transition date is lower than the fulfillment cash flow under IFRS 17, and so CSM is equal to zero. As a result, IFRS 17 liability of the fixed interest whole life insurance contract(5.5% of the assumed rate) is increased by 8.0%p compared to the current reserve, but IFRS 17 liability of the interest sensitive whole life insurance contract(3.75% of the assumed rate and 2.5% of the minimum guaranteed rate) is decreased by 4.5%p at the transition date. This study also carries out the sensitivity analysis for changes of main variables.

키워드