국제보험회계기준 도입시 이자율 변동이 보험부채 평가에 미치는 영향에 관한 연구

With the International Financial Reporting Standard(IFRS) on accounting for insurance contracts to be finalized by 2011 in Korea, the fair value accounting is expected to greatly affect the insurance industry in terms of insurance liability. This research analyzes the effect of fair value accounting on the insurance liability by comparing the financial statements of the model company using current insurance accounting standard and the new standard. We analyzed the change of the interest change. In the first year, the effect of deferred amortization of acquisition expenses; net income of Lock-in method was the higher than the Lock-out Method such as current exit value approach. Moreover, when the interest rate changed in the actuarial assumptions in the corresponding valuation year it showed that the interest rate raised or fell resulting in a decrease or increase in net income. As such, the net income of Lock-out method varied widely in the valuation year compared to the Lock-in Method, these differences were more maximized when there changes in the actuarial assumptions.