Oценяване на задължения по застрахователни договори
Measurement of Liabilities under Insurance Contracts

Author(s): Maia Natchkova
Subject(s): Economy, Accounting - Business Administration
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Insurers; insurance contracts; liabilities under Insurance contracts; financial statements
Summary/Abstract: Measurement of liabilities under insurance contracts recognised in accordance with IFRS 17 Insurance Contracts, is a new and key aspect of insurers’ accounting. Liabilities under insurance contracts are classified depending on the type of concluded insurance contracts that might be burdening, non-burdening, etc. Insurance contracts are initially measured by using three measurement models – general measurement model, variable consideration approach and premium allocation approach. The objective of this publication is to describe how insurers measure their liabilities under concluded insurance contracts, how they present them in the financial statements and what kind of information they disclose about them. For the purposes of attaining the above objective, the publication consistently highlights the classification and measurement models of insurance contracts, the use of estimates and judgements upon subsequent measurement of insurance contracts, the underlying actuarial assumptions for calculation of liabilities (payables) under insurance contracts.

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