IFRS 17
Premium Allocation Approach
Simplify IFRS 17 for eligible short-duration contracts. Designed for Non-Life and short-duration insurance portfolios.
PAA Capabilities
Support for short-duration contract measurement.
Liability for Remaining Coverage
Calculate LRC including expected future claims and expenses.
Liability for Incurred Claims
Measure LIC for claims already incurred.
Acquisition Cash Flows
Handle acquisition cash flow allocation.
Insurance Revenue
Calculate revenue based on expected claims and expenses.
Claims and Expenses
Track incurred claims and expenses with adjustments.
Loss Component
Manage loss component for onerous contracts.