Contratti a Partecipazione Diretta: valutazione e applicazione illustrativa alla luce di IFRS 17

Over the coming years, the new accounting principles for Insurance Contracts IFRS 17 is going to re-shape the whole insurance business: it will lead to greater transparency, clearer picture of performances and a significant renovation of accounting treatments. New challenging approaches for the measurement of contracts will also be added and the following work is mainly focused on the technical aspects of one of these models, the so-called Variable Fee Approach (VFA), through operative examples and comparisons with the main features of the general one, the Building Block Approach (BBA). IFRS 17 has proposed this measurement model for contracts falling within the definition of “direct participating contracts”: this project broadly deals with their special characteristics and their even more important position on the life insurance market. Lastly, this work also illustrates an application of this approach to an example of multi-branch product, where a unit-linked policy and a segregated management coexist, revealing all its technical analysis and how it would perform if future economic and demographic scenarios were different than what expected.