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01 Introduction to Insurance and Why IFRS 17 Exists Free preview
What insurance actually sells, why IFRS 4 was a holding pattern, and what IFRS 17 is here to fix.
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02 Scope of IFRS 17 Free preview
Which contracts IFRS 17 covers, which it does not, and where the boundary sits.
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03 Key Definitions and Insurance Terminology Enrolled
Insurance contract, insurance risk, coverage period, fulfilment cash flows: the terms the standard uses and what they mean.
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04 Level of Aggregation (Portfolios, Cohorts, Groups) Enrolled
Portfolios, cohorts, and groups: how IFRS 17 carves contracts into measurable units.
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05 Initial Recognition and the Building Blocks Enrolled
When a contract enters the books, and the four building blocks that go in on day one.
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06 The General Measurement Model (GMM) Enrolled
The default measurement model: estimates of future cash flows, discounting, risk adjustment, and the contractual service margin.
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07 The Contractual Service Margin (CSM): Initial Measurement and Roll-forward Enrolled
The CSM from first day to last: initial measurement, recognition pattern, and the roll-forward each reporting period.
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08 The Risk Adjustment for Non-Financial Risk Enrolled
Compensation for non-financial risk: how to size it, how to disclose its confidence level, and how it unwinds.
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09 Discount Rates Enrolled
Building the IFRS 17 discount curve, top-down versus bottom-up, and the OCI option for the financial effect.
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10 The Premium Allocation Approach (PAA) Enrolled
The simplified model for short-duration contracts: when you can use it and how the LRC rolls forward.
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11 The Variable Fee Approach (VFA) Enrolled
The model for contracts with direct participation features: how the variable fee differs from the CSM unlock.
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12 Onerous Contracts and the Loss Component Enrolled
When contracts are loss-making at recognition or later: the loss component and how it reverses.
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13 Reinsurance Contracts Held Enrolled
Accounting for reinsurance the entity has bought, including the treatment that mirrors the underlying contracts.
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14 Modifications and Derecognition Enrolled
Substantive contract changes, derecognition events, and the CSM consequences of each.
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15 Presentation in the Financial Statements Enrolled
How insurance balances and the insurance service result appear in the statements.
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16 Disclosure Requirements Enrolled
What IFRS 17 requires you to disclose, including the CSM roll-forward and the confidence-level statement.
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17 Transition to IFRS 17 Enrolled
The full retrospective, modified retrospective, and fair-value approaches to first-time adoption.
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