Investment contracts with discretionary participation features issued
Investment contracts with discretionary participation features The term ‘investment contracts with discretionary participation features’ describes contracts under which the investor receives an additional payment, the amount or timing of which is contractually at the discretion of the issuer. To meet the definition, Under IFRS 17, insurance contracts are aggregated into groups. The reason for this and the composition of these groups are explained in Chapter 6. When measuring a group of insurance contracts, IFRS 17 identifies two key components of the liability, the fulfilment cash flows and the CSM. Reinsurance contracts it holds; and; Investment contracts with discretionary participation features (DPF) it issues, provided it also issues insurance contracts. Scope changes from IFRS 4. The requirement, that in order to apply the insurance standard to investment contracts with DPF, an entity has to also issue insurance contracts. Investment contracts with discretionary participation features it issues, provided the entity also issues insurance contracts. Some contracts meet the definition of an insurance contract but have as their primary purpose the provision of services for a fixed fee. (a) insurance contracts issued (including reinsurance contracts issued); (b) reinsurance contracts held; and (c) investment contracts with discretionary participation features issued by an entity that also issues insurance contracts. A contract is an insurance contract if it transfers significant insurance risk. A contract CHF 16 937 million arising from contracts that no longer qualify as insurance contracts but contain discretionary participation features were reclassified to investment contracts with discretionary participation from insurance liabilities and investment contracts, customer deposits and other funds on deposit, respectively. investment contracts with discretionary participation features include the requirements for separating components from an insurance contract (or from an investment contract with discretionary participation features).1 1 Applying paragraphs 10–13 of IFRS 17, an entity should assess for separation embedded derivatives, investment components
9 Nov 2018 reinsurance contracts issued and held (i.e. sold and acquired); or. • investment contracts with discretionary participation features issued, if the
investment contracts with discretionary participation features include the requirements for separating components from an insurance contract (or from an investment contract with discretionary participation features).1 1 Applying paragraphs 10–13 of IFRS 17, an entity should assess for separation embedded derivatives, investment components, goods and non-insurance services. Investment contracts with discretionary participation features it issues, provided the entity also issues insurance contracts. Some contracts meet the definition of an insurance contract but have as their primary purpose the provision of services for a fixed fee. (c) investment contracts with discretionary participation features issued by an entity that also issues insurance contracts. A contract is an insurance contract if it transfers significant insurance risk. Investment contracts with discretionary participation features The term ‘investment contracts with discretionary participation features’ describes contracts under which the investor receives an additional payment, the amount or timing of which is contractually at the discretion of the issuer. To meet the definition, Under IFRS 17, insurance contracts are aggregated into groups. The reason for this and the composition of these groups are explained in Chapter 6. When measuring a group of insurance contracts, IFRS 17 identifies two key components of the liability, the fulfilment cash flows and the CSM. Reinsurance contracts it holds; and; Investment contracts with discretionary participation features (DPF) it issues, provided it also issues insurance contracts. Scope changes from IFRS 4. The requirement, that in order to apply the insurance standard to investment contracts with DPF, an entity has to also issue insurance contracts. Investment contracts with discretionary participation features it issues, provided the entity also issues insurance contracts. Some contracts meet the definition of an insurance contract but have as their primary purpose the provision of services for a fixed fee.
(a) insurance contracts issued (including reinsurance contracts issued); (b) reinsurance contracts held; and (c) investment contracts with discretionary participation features issued by an entity that also issues insurance contracts. A contract is an insurance contract if it transfers significant insurance risk. A contract
investment contracts with discretionary participation features include the requirements for separating components from an insurance contract (or from an investment contract with discretionary participation features).1 1 Applying paragraphs 10–13 of IFRS 17, an entity should assess for separation embedded derivatives, investment components discretionary participation features. The extension would permit an entity to determine whether an investment contract meets the definition of an investment contract with discretionary participation features using information contracts were issued, the entity would assume that the reinsurance contract
1 Jul 2018 issued or held, and, provided the insurer also issues insurance contracts, investment contracts with discretionary participation features issued (
CHF 16 937 million arising from contracts that no longer qualify as insurance contracts but contain discretionary participation features were reclassified to investment contracts with discretionary participation from insurance liabilities and investment contracts, customer deposits and other funds on deposit, respectively. investment contracts with discretionary participation features include the requirements for separating components from an insurance contract (or from an investment contract with discretionary participation features).1 1 Applying paragraphs 10–13 of IFRS 17, an entity should assess for separation embedded derivatives, investment components discretionary participation features. The extension would permit an entity to determine whether an investment contract meets the definition of an investment contract with discretionary participation features using information contracts were issued, the entity would assume that the reinsurance contract discretionary participation feature. the performance of a specified pool of contracts or a specified type of contract; (ii) realised and/or unrealised investment returns on a specified pool of assets held by the issuer; or (iii) the profit or loss of the company, fund or other entity that issues the contract.
12 Aug 2018 reinsurance contracts held. investment contracts with discretionary participation feature issued. The insurance company shall: – Identify insurance
investment contracts with discretionary participation features include the requirements for separating components from an insurance contract (or from an investment contract with discretionary participation features).1 1 Applying paragraphs 10–13 of IFRS 17, an entity should assess for separation embedded derivatives, investment components, goods and non-insurance services. Investment contracts with discretionary participation features it issues, provided the entity also issues insurance contracts. Some contracts meet the definition of an insurance contract but have as their primary purpose the provision of services for a fixed fee. (c) investment contracts with discretionary participation features issued by an entity that also issues insurance contracts. A contract is an insurance contract if it transfers significant insurance risk. Investment contracts with discretionary participation features The term ‘investment contracts with discretionary participation features’ describes contracts under which the investor receives an additional payment, the amount or timing of which is contractually at the discretion of the issuer. To meet the definition, Under IFRS 17, insurance contracts are aggregated into groups. The reason for this and the composition of these groups are explained in Chapter 6. When measuring a group of insurance contracts, IFRS 17 identifies two key components of the liability, the fulfilment cash flows and the CSM.
14 May 2018 Investment contract with discretionary participation features (DPFs) An insurance contract issued by an entity (the reinsurer) to compensate and disclosure of insurance contracts issued, reinsurance contracts held and investment contracts with discretionary participation features an entity issues. investment contract with discretionary participation features.2 The recommended The paragraph refers to contracts issued by the end of the reporting period (c) investment contracts with discretionary participation features issued. IFRS 17 substantially retains the existing definitions of insurance contracts, reinsurance Investment contracts with discretionary participation features Accounting Standards Board (IASB) issuing IFRS 17 Insurance Contracts and therefore issued.