PROPOSAL FOR THE MEASUREMENT OF REINSURANCE CONTRACTS UNDER IFRS 17

• Authors: Zelinová Silvia , Blahušiaková Miriama , Šoltésová Tatiana
• Languages of publication: EN

Abstracts

EN

The paper introduces the proposal of the measurement model for insurance and reinsurance contracts in accordance with the new standard IFRS 17 Insurance contracts that will be effective as of January 1, 2023. The Standard does not contain formulas, but it is principle-based, which is why the selected method of general model measurement is a scientific benefit for the measurement of the insurance product. The application of the GMM method is not the same as that of the insurance company and the reinsurance company perspective, despite the same chosen actuarial assumptions. The scope of changes, which the new Standard offers, is comprehensive and brings new challenges, even for scientific purposes.

Keywords

EN

INTERNATIONAL FINANCIAL REPORTING STANDARD 17; IFRS 17; REINSURANCE CONTRACTS; RISK ADJUSTMENT; STANDARD

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2022
• Volume: 70
• Issue: 3
• Pages: 284 – 304

Contributors

author

Zelinová Silvia

• University of Economics in Bratislava, Faculty of Economic Informatics, Dolnozemská cesta 1/b, 852 35 Bratislava, Slovak Republic

• https://orcid.org/0000-0002-9932-6857

author

Blahušiaková Miriama

• https://orcid.org/0000-0002-3386-7589

author

Šoltésová Tatiana

• https://orcid.org/0000-0002-0953-2519

Identifiers

DOI

https://doi.org/10.31577/ekoncas.2022.03.04