IFRS 17

Contractual Service Margin

CSM is central to IFRS 17 profitability recognition. Manage CSM from inception through release.

CSM Lifecycle

Track CSM through the entire contract lifecycle.

Initial CSM

Calculate CSM at initial recognition based on expected future profits.

Subsequent CSM

Update CSM for changes in estimates and financial assumptions.

CSM Release

Release CSM to P&L based on coverage units provided.

CSM Unlock

Unlock CSM for financial assumption changes.

New Business CSM

Track CSM from newly recognized contracts.

Loss Component

Manage loss component for onerous contracts.

Related

GMM
General Measurement Model
Risk Adjustment
Risk adjustment for non-financial risk
Reporting
Financial statement generation