Investor Presentation - CNP Assurances Corporate Bond Portfolio and SCR Coverage Ratio
New representation of provisions
IFRS 17 introduces a forward-looking and economic framework for measuring provisions that uses market data
available on the reporting date and the company's internal experience-based data. The calculation period for these
provisions is 50 years.
CNP
assurances
IFRS 17
provisions
CSM
Pool of future profits as services are provided over the duration of
profitable contracts
RA
A buffer reserve reflecting the inherent uncertainty of technical
assumptions used to calculate the Best Estimate
Best
Estimate
介
- Experience-based projection assumptions without any risk margin
(the margin is incorporated in the RA)
- Current discount rate, including an illiquidity premium
-
-
· Cost of guarantees and financial options taken into account
Contract boundary includes flexible premium Savings contracts
- Only directly-attributable costs
Investor Presentation
March 23
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