Mark’s IFRS17 Expert Quiz

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 Expert quiz. Then share your results and test your colleagues!

Can an acquired PAA contract be accounted for under PAA?
Which of the following is valid re the available options under modified retrospective?
How is a non distinct investment component measured?
What is the variable fee in the VFA?
If an foreign currency claim settles with an FX variance how is this treated?
Should premiums be discounted in the PAA?
Can gains be recongised on reinsurance contracts to offset losses on onerous underlying contract?
Which is not a revenue component in IFRS17?
When is the crediting rate method used?
When might you have a positive risk adjustment?
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