Project ifrs17sim

ifrs17sim is a project for simulating IFRS17 financial statements on sample insurance contracts.

Files that are unique to this project are ifrs17sim and ifrs. Other files in this project are similar to those in nestedlife.

Model Structure

Composition Structure

The composition structure is almost the same as the structure of nestedlife, except that PV in this model is a child Space of InnerProj

Inheritance Structure

Jupyter Notebooks

A live version of the Jupyter notebook below is available online, thanks to Binder.

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• CSM waterfalls

• IFRS17 Simulation (Baseline)

• IFRS17 Simulation (Lapse Scenario)

• IFRS17 CSM Waterfall Chart Notebook
  • About this notebook
  • How to use Jupyter Notebook
  • The entire script
  • Initial set-up
  • Building the model
  • Calculating CSM
  • Exporting values into DataFrame
  • Draw waterfall chart
• IFRS17 Simulation (Baseline)
  • About this notebook
  • How to use Jupyter Notebook
  • Initial set-up
  • Building the model
  • Present value of expected cashflows
  • CSM amortization
  • Actual cashflows
  • IFRS17 Financial performance
• IFRS17 Simulation (Lapse Scenario)
  • About this notebook
  • How to use Jupyter Notebook
  • Initial set-up
  • Building the model
  • Adjusting lapse rates
  • Actual cashflows
  • Present value of expected cashflows
  • CSM amortization
  • IFRS17 Financial performance

Space Details

BaseProj	Base Space for the OuterProj and InnerProj.
Assumptions	Assumption input and calculations for individual policies.
Economic	Economic scenarios
LifeTable	Commutation functions and actuarial notations
IFRS	Source module for IFRS17 CSM amortization simulation
OuterProj
Policy	Policy attributes and policy values
InnerProj
PV	Present values of cashflows

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InnerProj

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IFRS17 CSM Waterfall Chart Notebook