IFRS 17 Insurance Contracts

URI: https://gptkb.org/entity/IFRS_17_Insurance_Contracts
GPTKB entity
Statements (32)
Predicate Object
gptkbp:instanceOf gptkb:International_Standard
gptkbp:amendedBy gptkb:Amendments_to_IFRS_17_(2020)
gptkbp:appliesTo insurance contracts
gptkbp:category gptkb:accounting_standard
gptkb:International_Standard
Insurance regulation
gptkbp:issuedBy gptkb:International_Accounting_Standards_Board
gptkbp:language English
gptkbp:measurementModel gptkb:General_Measurement_Model
Premium Allocation Approach
Variable Fee Approach
gptkbp:objective to ensure entities provide relevant information about insurance contracts
gptkbp:publicationDate 2017-05-18
gptkbp:relatedStandard gptkb:IFRS_15_Revenue_from_Contracts_with_Customers
gptkb:IFRS_4_Insurance_Contracts
gptkb:IFRS_9_Financial_Instruments
gptkbp:replacedBy gptkb:IFRS_4_Insurance_Contracts
gptkbp:requires consistent accounting for all insurance contracts
contractual service margin
disclosure of insurance risks
discounting of future cash flows
measurement of insurance contract liabilities
recognition of insurance revenue
risk adjustment for non-financial risk
separation of non-insurance components
gptkbp:scope insurance contracts issued
reinsurance contracts held
investment contracts with discretionary participation features
gptkbp:startDate 2023-01-01
gptkbp:bfsParent gptkb:International_Financial_Reporting_Standards_(IFRS)
gptkbp:bfsLayer 7
https://www.w3.org/2000/01/rdf-schema#label IFRS 17 Insurance Contracts