Quick links:
Whitepapers

Unpacking LRC and LIC Calculations for P&C Insurers

Open-access content Monday 14th December 2020 — updated 3.17pm, Wednesday 16th December 2020

In this paper, our experts discuss some of the issues related to the liability for remaining coverage (LRC) and liabilities for incurred claims (LIC), measurement under IFRS 17 for P&C insurers, topics include:

  • An overview of the measurement models under IFRS 17
  • Further analysis of the LIC, including the roll-forward and the granularity of calculation required
  • LRC calculations under the Premium Allocation Approach (PAA), including subsequent measurement and the underlying issues
  • The challenge in the treatment of premium experience compared to expected (known as the premium variance)
  • Acquisition expenses and the implications from the change in the recent amendment

Read "Unpacking LRC and LIC Calculations for P&C Insurers" to learn more.

Please fill in the form below to download the whitepaper.

By completing the below form, you agree that Moody's Analytics can use your name and contact details to communicate with you about Moody's Analytics products and industry topics and partners' offers in accordance with the Moody's Privacy Policy.
I agree that my personal data provided above may be shared with Moody’s Analytics and its group companies* (jointly “Moody’s”) for the purpose of Moody’s sending me promotional emails that may be tailored to my interests. I understand that Moody’s will handle my personal data in accordance with the Moody's Privacy Policy , and that I can withdraw my consent at any time (as noted in the Privacy Policy). *See Moody's Privacy Policy for a list of Moody’s group companies.
I understand that Moody's Analytics will handle my personal data in accordance with the Moody's Analytics Privacy Policy , and that I can withdraw my consent at any time (as noted in the Privacy Policy).
Filed in
Whitepaper
Also filed in
Whitepapers

You might also like...