Proposal for the Measurement of Reinsurance Contracts under IFRS 17

Silvia Zelinová (), Miriama Blahušiaková and Tatiana Šoltésová
Additional contact information
Silvia Zelinová: University of Economics in Bratislava, Faculty of Economic Informatics
Tatiana Šoltésová: University of Economics in Bratislava, Faculty of Economic Informatics

Journal of Economics / Ekonomicky casopis, 2022, vol. 70, issue 3, 284-304

Abstract: 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.

Keywords: International Financial Reporting Standard 17; reinsurance contracts; general model measurement; contractual service margin; risk adjustment (search for similar items in EconPapers)
JEL-codes: G22 M48 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.sav.sk/journals/uploads/0617143403%2022%20Zelinova%20+%20SR.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sav:journl:v:70:y:2022:i:3:p:284-304

Access Statistics for this article

Journal of Economics / Ekonomicky casopis is currently edited by Tomas Jeck

More articles in Journal of Economics / Ekonomicky casopis from Institute of Economic Research, Slovak Academy of Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Peter Renac ().