IFRS 17 Measurement Model Classification Receipt

Enter the contract facts for a group of insurance contracts and this tool walks the IFRS 17 classification logic to determine whether the group falls under the General Measurement Model, the Premium Allocation Approach, or the Variable Fee Approach. It also returns the onerous contract test requirement, the loss component flag, and the exact decision path taken, so the classification can be re-run and checked at audit.

Contract Facts STEP 1

Coverage Period (months) Length of the contract group's coverage period

Direct participation features present Policyholder shares in a clearly identified pool of underlying items

Substantial share of fair value returns passes to policyholder Entity expects to pay policyholder a substantial share of the underlying returns

PAA eligibility test performed Entity has tested whether PAA would produce a materially different liability

Expected liability variation is material The PAA test found a material difference versus the full model

Onerous at initial recognition Facts and circumstances indicate the group is onerous at inception

Measurement Model

GMM, PAA, or VFA

Onerous Test Required

Whether the onerous contract test applies

Loss Component

Whether a loss component must be recognized

Detail

Coverage period--

PAA eligible by duration--

VFA eligible--

Status--

Decision path--

Policy Mandate v2.0 · what is this?

IFRS 17 MeasurementModel Classification Receipt

IFRS 17 Measurement
Model Classification Receipt