IFRS 17: insurance contracts

1 guide

• IFRS 17 insurance contracts: an overview5 minute readIFRS 17 insurance contracts explained: scope, grouping, the building blocks and CSM, the three measurement models, presentation and what changes next.

Related guides in other sections

• Insurance accounting: IFRS 17 in practice4 minute readInsurance accounting under IFRS 17 explained: grouping contracts, the three measurement models, the CSM, risk adjustment, onerous groups, reinsurance and KPIs.
• The IFRS 17 general measurement model4 minute readThe IFRS 17 general measurement model explained: fulfilment cash flows, discounting, the risk adjustment and CSM, insurance revenue and finance expense.
• The contractual service margin3 minute readThe contractual service margin under IFRS 17 explained: what the CSM is, how it is accreted, adjusted and released using coverage units, with a roll-forward.
• The risk adjustment for non-financial risk3 minute readThe IFRS 17 risk adjustment for non-financial risk explained: confidence level and cost of capital techniques, the confidence level disclosure and release.
• The premium allocation approach3 minute readThe IFRS 17 premium allocation approach explained: eligibility, the liability for remaining coverage, acquisition cash flows, incurred claims and an example.
• The variable fee approach3 minute readThe IFRS 17 variable fee approach explained: which contracts qualify, the variable fee, how market movements adjust the CSM, risk mitigation, with an example.
• Onerous groups of insurance contracts3 minute readOnerous contracts under IFRS 17 explained: when a group is onerous, the loss component, systematic allocation, reversals, the PAA test, with a worked example.
• Reinsurance contracts held3 minute readReinsurance contracts held under IFRS 17 explained: separate measurement, the CSM as net cost or gain, the loss-recovery component, presentation, examples.
• Insurance acquisition cash flows3 minute readHow IFRS 17 treats insurance acquisition cash flows: commissions in the fulfilment cash flows, the asset for expected renewals, recoverability, the PAA option.
• IFRS 17 disclosures3 minute readIFRS 17 disclosures explained: liability reconciliations, insurance revenue analysis, new business, CSM release, claims development tables, risk and judgements.

About these guides

The guides explain the standard in our own words, with our own examples, and point to the paragraphs they rely on. They are general information, not advice for your situation. Read them alongside the standard itself, and check when your regulator adopts it.