Appendix A Defined terms
IASB Implementation information - read more
This appendix is an integral part of IFRS 17 Insurance Contracts.
"contractual service margin" |
A component of the carrying amount of the asset or liability for a group of insurance contracts representing the unearned profit the entity will recognise as it provides insurance contract services under the insurance contracts in the group. |
"coverage period" |
The period during which the entity provides insurance contract services. This period includes the insurance contract services that relate to all premiums within the boundary of the insurance contract. |
"experience adjustment" |