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Proposal for the Measurement of Reinsurance Contracts under IFRS 17

In: Ekonomický časopis/Journal of Economics, vol. 70, no. 3
Silvia Zelinová Číslo ORCID - Miriama Blahušiaková Číslo ORCID - Tatiana Šoltésová Číslo ORCID
Detaily:
Rok, strany: 2022, 284 - 304
Jazyk: eng
Kľúčové slová:
International Financial Reporting Standard 17, reinsurance contracts, general model measurement, contractual service margin, risk adjustment; JEL Classification: G22, M48
Typ článku: Vedecký článok / Article
Typ dokumentu: PDF / PDF
DOI: https://doi.org/10.31577/ekoncas.2022.03.04
Full text
O článku:
The paper introduces the proposal of the measurement model for insurance and reinsurance contracts in accordance with the new standard IFRS 17 Insurance contracts that will be effective as of January 1, 2023. The Standard does not contain formulas, but it is principle-based, which is why the selected method of general model measurement is a scientific benefit for the measurement of the insurance product. The application of the GMM method is not the same as that of the insurance company and the reinsurance company perspective, despite the same chosen actuarial assumptions. The scope of changes, which the new Standard offers, is comprehensive and brings new challenges, even for scientific purposes.
The paper introduces the proposal of the measurement model for insurance and reinsurance contracts in accordance with the new standard IFRS 17 Insurance contracts that will be effective as of January 1, 2023. The Standard does not contain formulas, but it is principle-based, which is why the selected method of general model measurement is a scientific benefit for the measurement of the insurance product. The application of the GMM method is not the same as that of the insurance company and the reinsurance company perspective, despite the same chosen actuarial assumptions. The scope of changes, which the new Standard offers, is comprehensive and brings new challenges, even for scientific purposes.
Ako citovať:
ISO 690:
Zelinová, S., Blahušiaková, M., Šoltésová, T. 2022. Proposal for the Measurement of Reinsurance Contracts under IFRS 17. In Ekonomický časopis/Journal of Economics, vol. 70, no.3, pp. 284-304. 0013-3035. DOI: https://doi.org/10.31577/ekoncas.2022.03.04

APA:
Zelinová, S., Blahušiaková, M., Šoltésová, T. (2022). Proposal for the Measurement of Reinsurance Contracts under IFRS 17. Ekonomický časopis/Journal of Economics, 70(3), 284-304. 0013-3035. DOI: https://doi.org/10.31577/ekoncas.2022.03.04
O vydaní:
Vydavateľ: Ekonomický ústav SAV / Ekonomický ústav SAV
Publikované: 17. 6. 2022