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Interim reporting and IFRS 17
IFRS 17 Insurance contracts includes specific measurement requirements for interim reporting.
As part of their implementation journey, preparers should consider the interrelationship between their current method and timing of reporting, and the requirements of IFRS 17. This publication aims to help preparers navigate this journey and it includes considerations of “year-to-date” and “period-to-date” approaches and practical application of paragraph B137 of IFRS 17.
The analyses provided in this publication focus on the application of the general measurement model under IFRS 17. However, similar considerations would apply to the modified measurement model for insurance contracts with direct participation features, and some aspects could also be relevant under the premium allocation approach.