IFRS17 is complex and many insurance firms feel there is a lack of understanding and training of this new accounting standard across their organisations.
Legerity IFRS Global Lead Mark Miller challenges you to test your knowledge with our Legerity IFRS17 Basics quiz. Then share your results and test your colleagues!
When is profit recognised in IFRS17?
What does the CSM represent?
When must it be implemented?
What is not a building block for the CSM calculation?
What rate is used for interest on the CSM?
How are contracts grouped for IFRS17?
When can the simplified PAA model be used?
How is the liability for remaining coverage calculated in PAA?
Please provide the following information to see results