On January 1, 2021, IFRS 17 Insurance Contracts comes into effect for all insurers using IFRS Standards. This eBook goes through all you need to know to be ready. Don't miss it!
IFRS 17 introduces a single consistent accounting model for all insurance contracts to increase transparency and provide confidence in the numbers. Positioned to impact companies that issue insurance contracts, which primarily means the insurance industry, the latest IFRS 17 applies to the same filing population as IFRS 4, none excluded!
In this eBook you'll learn how CCH Tagetik can:
- Perform calculations at a portfolio, subportfolio or the proper aggregation level in order to determine CSM and perform onerous contract test
- Calculate using the Building Block Approach (BBA), Premium Allocation Approach (PPA) or Variable Fee Approach (VFA)
- Liabilities Calculation Logic for LRC, LIC and CSM
-Discounts future cash flow, calculates risk adjustment and CSM at initial recognition and in subsequent measurements
Download our complimentary eBook, designed to help your organization adopt a forward looking approach, increase transparency and improve disclosures. With CCH Tagetik for IFRS 17 organizations can integrate quickly and easily while remaining flexible for future changes in compliance.
