The International Financial Reporting Standard 17 (IFRS 17) specifies three models for calculating the value of insurance contract liabilities:

Did you know that now insurance companies, especially actuaries and accountants, are currently buzzing about new financial reporting standards (IFRS 17) that experts worldwide have been debating for nearly 20 years, regarding "Insurance Contracts" how they should be classified, valued measured, and disclosed information to be more appropriate.

Unit Linked is Life insurance that is designed to be a highly flexible long-term financial planning tool that can be adjusted to suit the timing and situations throughout life. It also has an investment component added to the policy to meet the needs of customers who want the coverage or benefits of the policy to grow according to the assets and risks they have chosen to invest in.