IFRS Reserving – Life
Life insurance reserves are generally longer term than non-life reserves. It is also common that they include a savings element. Meaning that the future liabilities are offset by for instance the value in a fund, accounted for on the asset side of the balance sheet. Savings contracts Withing life insurance there are many different kinds of contracts. For instance the straight forward 1-year deaths policies or longer contracts as the…
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May 27, 2017