IFRS 17 – Premium Allocation Approach (PAA)
At the end of this PAA module, participants will have a deeper understanding about:
Application of PAA Eligibility criteria;
Calculation of the liability for remaining coverage (LRC) for groups of contracts at initial recognition and for subsequent measurement;
How revenue is calculated and released to profit or loss;
How to measure onerous groups of contracts;
How to treat (prepaid) acquisition cash flows for profitable, onerous and renewed groups of contracts; and
How to treat financing components for the liability for remaining coverage and the liability for incurred claims.
For whom:
Our IFRS e-learnings are specifically designed for those in financial and actuarial functions within insurers. These modules are also of interest to those working within Reporting, Controlling, IT, Internal Audit, Risk, ALM / Treasury, Account Management and Tax
Subject Matter Expertise
The IFRS subject matter experts within our Capital Markets and Accounting Advisory Services group have designed the modules together with learning experts. They have extensive knowledge of and experience in implementing IFRS for insurers and other financial institutions. In designing the modules, they have focused on the relevance and impact of IFRS, in theory and in practice, for insurers specifically.
This e-learning course takes approximately 75 minutes to complete, and as such, it can provide 1 learning hour – 1 CPD point based on a 50-minute hour. Upon completion of this course, you can print the certificate of completion as an evidence that you undertook the course.
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Further information:
Training hours: 75 minutes
CPD: 1.0
Language: English
- Topics: IFRS, Reporting
- Sector: Insurers
Training method: E-learning
Type: Single course
Geographic relevance: Global
