Akash Narang

IFRS 17 Experience –

Reviewing -

• Calculation of CSM (VFA and GMM) using client's IFRS17 models.
• the movements in IFRS 17 FCFs over the year.
• loss component movement over the year for GMM model
• Performing policy paper review

Executed audit procedures for major life insurers in the UK including year-end review of client's assumptions, both demographic and economic, and client's operational and design efficiencies on the key controls.

Auditing SII Own funds P&LA numbers.

Preparation of file note and test of controls documentation.

Producing VNB results for Traditional block of business

Build singe cell excel model from Prophet

Supporting team in projections of Cashflow testing and EV.

Creating memos for EV reporting

Basis

Generation of monthly economic basis paper

Calculation of Valuation Interest rate (VIR)

Assessing impact on VIT due to transfer of assets from one fund to other

Reserving

Calculating reserves for traditional block of business

Calculating reinsurance collaterals between insurance and reinsurance

With Profit Asset Share

Calculating Investment returns

Performing Asset share calculation manually for sample policies

Maintaining Bonus smoothing account and Guaranteed charge account

Calculating of Asset Share with Bonus Reserve calculation