Unpacking LRC and LIC Calculations for P&C Insurers
In this session, we discuss some of the issues related to the LRC and LIC measurement under IFRS 17 for P&C insurers.
Key topics include:
- Allocation of acquisition expenses related to renewals
- Discounting of the LIC:
- Accident year vs. underwriting year cash flow generation
- Analysis of movement components
- Granularity
- Disaggregation of the insurance finance expense
- Premium variance treatment
Click here for the presentation
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