IFRS Accounting Taxonomy 2024 – Illustrative examples
IFRS 17 Insurance Contracts
Illustrative Examples - example 20b
This document presents a selection of disclosures from the Illustrative Examples accompanying IFRS 17, to illustrate possible tagging using the IFRS Accounting Taxonomy. This document is not intended to provide interpretative guidance.
A possible format of the reconciliation required by paragraph 100 of IFRS 17 when an entity uses the premium allocation approach is as follows:
| Dec 20x1 | Dec 20x1 | Jun 20x2 | Jun 20x2 | Dec 20x2 | Dec 20x2 | ||||
| CU | CU | CU | CU | CU | CU | ||||
| Liability for remaining coverage | |||||||||
| Opening balance |
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| Cash inflows |
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| Insurance revenue |
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| Closing balance |
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| Liability for incurred claims | |||||||||
| Estimates of the present value of future cash flows |
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| Risk adjustment for non-financial risk |
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| Opening balance |
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| Estimates of the present value of future cash flows |
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| Risk adjustment for non-financial risk |
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| Insurance service expenses |
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| Estimates of the present value of future cash flows |
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| Cash outflows |
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| Closing balance |
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