Insurance Contract (1) (2) (1) (2) (1) (2) (3) 2016/06. IFRS Foundation IFRS Foundation
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1 Insurance Contract IFRS Foundation IFRS Foundation 2016/06 1 (3)
2 (a) (b) (3) (a) (b) (i) (ii) (i) (ii) (iii) (i) (ii) 2
3 2016/01 (3) (a) (i) (ii) (b) 2015/11 3
4 (B) (A) /
5 9 IFRS (3) (4) (a) (b) IFRS9 5
6 Mirroring approach , (a) (b) (c) (d) IAS1 IAS
7 IFRS9 4.2A 4. (3) (4) (a) (b) 2015/09 (a) 7
8 (b) current period book yield approach (a) (b)
9 (5) (6) 9
10 (3) /07 4 IFRS4 9 IFRS9 39 IFRS4 IFRS9 IFRS /06 9 IFRS B
11 (3) 2015/ IFRS9 4.5 IFRS9 4.5 (3) IFRS (a) 4.2A (a) IFRS9 4.2 IFRS9 2014/ C5 C6 11
12 2013 C6 (c) (d) 4. C / /
13 2014/ /05 13
14 (e) 2014/ (3) (4) 2014/ $10,000 50% 3 Yr 1 Yr 2 Yr 3 Yr 4. Yr 10 A) / B) C) Σ current & future for row B D) (B/C) 15.4% 18.2% 22% 14.3% 100% E) $10,000 $8,462 $6,924 $5,386 $769 F) G) (E x D) (1,538) (1,538) (1,538) (769) (769) H) 8,462 6,924 5,386 4,617-14
15 contractual service margin 11 8 (a) (b) (a) (b) 11 (a) (b) 15
16 (c) (i) (ii) (a) (b) 2013/ /01 calibrate 16
17 (a) (b) (c) takaful tacit renewals 2010 ceding commissions 17
18 /12 18
19 2012/11 crediting rate 1 Presentation of Financial Statements 19
20 (a) (b) 4. (3) (3) (4) (3) (4) Insurance Contracts /10 20
21 / 21
22 9 Financial Instruments (3) /09 22
23 (3) 4. earned basis
24 (3) (4) ASC Topic IAS8 Accounting Policies, Changes in Accounting Estimates and Errors (a) ASC Topic IAS8IAS8 24
25 Accounting Policies, Changes in Accounting Estimates and Errors (3) 2012/06 cross-subsidies / supplements / Revenue from Contracts with Customers / 2012/05 25
26 1 2 3 (3) / / /06 26
27 /04 reinsurance recoverable / PAA BBA PAA BBA 27
28 BBA PAA / 28
29 7. commutations 2012/ /02 29
30 4. a. b. (3) (4) a. b. 30
31 Topic Subsequent Events Overall Recognition 12 Revenue from Contracts with Customers 4 31
32 / /02 32
33 /11 16 Disaggregation 2011/ /04 33
34 (3) (4) (5) building block approach /
35 4. 95 (a) (d) 13 (a) (b) 90 (b)(i) B /06 35
36 4. (3) (4) (5) (6) (7) (8) Agenda Paper 3A/ Memo No. 70A. A 2 Volume information 36
37 (a) (b) (c) (d) (a) (b) i. ii. iii. i. ii. iii. iv. i. ii. (c) (d) (e) (f) (g) (h) 2011/05 37
38 IFRS unit-linked funds (3) recapture (4) 38
39 (3) / 7. (3) 2011/ top-down bottom-up 39
40 portfolio reference building block approach
41 /03 Insurance Contracts Preliminary Views on Insurance Contracts 41
42 Contract boundary /02 42
43 (axioms and assumptions) IFRS 9 Financial Instruments IFRS 9 IFRS 9 4. portfolio level Insurance Contracts Preliminary Views on Insurance Contracts 43
44 (3) B61 (3) IAS 2 Inventories IAS11 Construction Contracts 4. B61 adjustment explicit risk 44
45 current rate long-tail claims short-tail claim IFRSs IFRSs 45
46 IFRSs 2011/ /07 (3) (a) (b) 46
47 participating benefits (margin presentation) (3) (4) (residual or composite margin) Unbundling 47
48 A. B. crediting rate notional (3) Unit-linked contracts (3) 48
49 /06 18 Participating investment contracts 19 Foreign currency cash flows (contract boundaries) 49
50 techniques Draft guidance on risk adjustment (3) Reinsurance Acquisition costs 50
51 Margins Participating contracts Insurance risk IFRS 4 Insurances Contract Embedded derivatives IAS39 Recognition and Measurement Financial Instruments: IAS39 Derecognition 51
52 Portfolio transfers 2010/05 Margins 52
53 IFRS4 a cohort level of aggregation 2 account-driven contracts ASC Topic (3) (3) 53
54 (3) (4) run-off (5) IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors ASC Subtopic Accounting Policies, Changes in Accounting Estimates and Errors 4. 54
55 (a) (b) IFRS 3 ASC Topic 805 Business Combinations Business Combinations 2010/04 Margins 55
56 (3) Discounting (share) Contract boundary Recognition 56
57 2010/03 residual margin (a) (b) (a) (b) IFRS 4 Insurance Contracts IFRS 4 B compensation indemnification IFRS 4 timing risk IFRS 4 reimbursement /02 57
58 (3) (4) 2010/01 (Unbundling)
59 4. 4. (remeasured) (3) (4) (5) 59
60 (look through basis) (deposit floor) (deposit floor) 60
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