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Milliman consultants have prepared a summary of the key points arising from the TRG meeting of 4 April 2019.
The TRG meeting covered a detailed paper on investment components within an insurance contact and a further summary paper on a number of issues that did not meet the TRG’s criteria for a full paper.
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This paper focuses on the cash flow modeling aspects of Market Risk Benefits on fixed indexed annuities contracts, especially the methodology for projecting indexed account growth.
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IFRS 17 Transition Resource Group April meeting summary