The IFRS 17 number that travels across borders, but... the required one doesn't - Part II

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The one required number is the one you cannot compare

A risk adjustment confidence level can be measured over a one-year horizon or over the full run-off of the contracts. The standard does not mandate which, and the two answers for the same book are far apart. Almost no insurer discloses both. The two published cases where someone does - neither of them in this sample - show gaps of 19 and 27 percentage points.

to be continued...