Advanced Variable Fee Approach (VFA)

After this Advanced Variable Fee Approach (VFA) module, participants will have a deeper understanding about:

  • Overview of differences and similarities between the VFA and the GMM;
  • Overview of technical requirements for VFA eligibility and practical examples of applying the criteria of “substantial share” and “variability”;
  • Establishing coverage units and how multiple types of service in a single contract are treated;
  • The differences between components that vary and do not vary with the un-derlying items and their interaction; and
  • Accounting mismatches and the options in IFRS 17 to reduce such accounting mismatches (OCI-option and/or the risk mitigation option).
For whom:

Our IFRS e-learnings are specifically designed for those in financial and actuarial functions within insurers. These modules are also of interest to those working within Reporting, Controlling, IT, Internal Audit, Risk, ALM / Treasury, Account Management and Tax

Subject Matter Expertise

The IFRS subject matter experts within our Capital Markets and Accounting Advisory Services group have designed the modules together with learning experts. They have extensive knowledge of and experience in implementing IFRS for insurers and other financial institutions. In designing the modules, they have focused on the relevance and impact of IFRS, in theory and in practice, for insurers specifically.

Further information:
  • 75-100 minutes
  • Language: English

Contact us

Leslie Vermaak

Senior Director, PwC Netherlands

Tel: +31 (0)62 379 93 02

Dirk van der Zwan

Manager, PwC Netherlands

Tel: +31 (0)62 221 73 08

Xiu Mei Chen

Manager, PwC Netherlands

Tel: +31 (0)63 419 60 08

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Contact us

Ana Cetkovic

Ana Cetkovic

PwC's Academy Coordinator, PwC Montenegro

Tel: +382 67 643 304