Life Insurance, IFRS 17, and the Contractual Service Margin Financial Institutions by Karl - November 7, 2020November 28, 20200 On a high level, insurance companies are in the business of buying, selling, and pooling risk. By piecing together a portfolio of uncorrelated risks, insurance companies are able to provide value by spreading the risks among the participants, and profit from the aggregate premiums that participants pay. Insurance companies sell