IFRS17 Insurance Contracts - summary 2024

[@nielsboesten204]

I am in the middle of the IFRS-17 audits this time of year! We need this!

[@CPDbox]

My next video will illustrate the example with journal entries, so maybe you can check that out, too.

[@nielsboesten204]

@@CPDbox that would be great! Conceptually revenue and releases from the LRC / CSM are new to all of us! It is very important to keep the journal entries in mind

[@劉皓源]

Excellent videos. Very helpful and clear

[@prashantsachan7980]

Thanks, Very helpful, Simple and clear explanation.

[@testadelcomputer1839]

Nice video. Could you please make a video example with accounting an insurance company on the accounting journal with credit-debit ? thanks

[@CPDbox]

Sure, the next one will be about initial recognition with journal entries.

[@ishmeetsingh1246]

Excellent video

[@nguessansalomondibi7947]

Very useful video. Thanks 👌🏾

[@dameskytower1]

Thank you for doing this video. Just a quick question if you don’t mind. Which the changes made to presentation, how will comparisons to historical statements be facilitated? It would appear that the financial statements are now incomparable. Would you be able to share any insights and if maybe your courses provide some guidance on how to proceed?

[@aymanraouf1820]

How is the float calculated for IFRS 17? Do you include LIC and AIC?

[@KGF74843]

Hi Silvia i am one of your subscriber please make a video on ASC 920 and 926 recognition and treatment

[@theafrican3666]

Amazing video

[@aymanraouf1820]

How is insurance float calculated?

[@aymanraouf1820]

Does CSM increase as the premium becomes earned?

[@CPDbox]

CSM can increase, but not as a result of the premium receipts.

[@abeykasun]

15:19 just checking whether the headings are correct under PAA for LRC and LIC. thanks

[@CPDbox]

I think so.

[@mohitpatodi1901]

Hi Silvia, in ur video can I get subtitles also since m from india and not good in English

[@WaseemAhmad-ux1nz]

How can I get your premium services and what would be the cost

[@CPDbox]

You can check at www.cpdbox.com/ifrs-kit/

[@abedothman9004]

@@CPDbox First, I would like to thank you very much for your straightforward explaining of IFRS, you really let me understand them easily and smoothly. Secondly, I would like to ask you If don’t mind to pos a video about IAS23 borrowing cost. Many thanks.

[@Camille-v3z]

13:22 - Should discounting and risk adjustment have different signs?

[@CPDbox]

No.

[@Camille-v3z]

@@CPDbox can elaborate more? :) My thoughts are discounting always decreases liability while risk adjustment increases liability in this case.

[@mohitpatodi1901]

Can I get certificate also if I complete ur video

[@CPDbox]

Yes, within the IFRS Kit www.cpdbox.com/ifrs-kit/

[@Environomics.]

Thank you for this wonderful video. @10:04 When you are analysing an insurance company, what do you want to see as a good thing for the LRC and LIC? Should LRC be greater than LIC? I noticed the financial statement for the resinsurance business (The company does insurance and reinsurance), for reinsurance its called ASSETS for Remaining Coverage and AMOUNTS RECOVERABLE for Incurred Claims. Why is this? Is there a way to contact you by email to send you the financial statement and learn more?