Draft Educational Note: Application of IFRS 17 Insurance Contracts for Public Personal Injury Compensation Plans

Publication date: 13-11-2020

Version: Archived

Language available: Bilingual

Download publication

This draft educational note refers to the subjects covered by IFRS 17 with specific application to PPICP insurance contracts issued in Canada.

The draft educational note is structured into seven (7) sections plus one (1) appendix in addition to an introduction and a background. The introduction covers guiding principles and some formatting rules. The background documents for PPICP practitioners and other users relevant variations among PPICP entities which may influence the implementation of IFRS 17 standards. The first three sections consider (1) insurance contracts, (2) identification, aggregation and recognition, and (3) measurement approaches. Section four (4) introduces contract boundary, a complex concept for actuaries in the PPICP area which is reflected in separate guidance for short contract boundary (Section five (5)) or long contract boundary (section six

Categories: Practice

Types: Educational notes

Topics: Workers’ compensation

Pages: 24

Format: PDF

Accession no.: 220157