As part of our activities to support the implementation of IFRS 17 Insurance Contracts, we have today published a pocket guide on reinsurance contracts held and a simple example of a reinsurance contract held.
The pocket guide on reinsurance contracts held is a helpful reference tool on how IFRS 17 applies to reinsurance contracts held and includes insights on implementing IFRS 17 from the discussions of the Transition Resource Group for IFRS 17 (TRG).
The simple example of a reinsurance contract held illustrates the requirements in IFRS 17:
- applied to a group of underlying insurance contracts; and
- applied to a reinsurance contract held that provides proportionate coverage for that group of underlying insurance contracts.
These support materials are part of a series of materials that we are producing to support implementation of IFRS 17. To see all support materials available so far, see the IFRS 17 implementation page.