11 Nov 2020
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Subject
IFRS technical resources
Illustrative disclosures to meet requirements of IFRS 17 and IFRS 9 for groups of insurance contracts accounted for under the PAA in IFRS 17.
This publication focuses on the presentation and disclosure requirements arising from IFRS 17 Insurance Contracts and IFRS 9 Financial Instruments that impact a non-life insurance entity applying the premium allocation approach (the PAA); it does not include all of the disclosures required by IFRS 7 Financial Instruments: Disclosures that were not altered by IFRS 9.
The disclosures are presented as a series of extracts from a set of full financial statements for Good General Insurance (International) Limited for the year ended 31 December 2023. This publication includes key new disclosures arising from the amendments to IFRS 17 published by the IASB in June 2020.
