Disclosure about insurance risks

Disclosure about the nature and extent of insurance risks 

An entity needs to disclose information that enables financial statement users to evaluate the nature, amount, timing and uncertainty of future cash flows that arise from contracts within the scope of IFRS 17 [IFRS 17 93 and IFRS 17 121]. Disclosure about insurance risks

Disclosures focus on the insurance and financial risks that arise from insurance contracts and how they have been managed. Financial risks typically include but are not limited to, credit risk, liquidity risk and market risk [IFRS 17 122]. Many similar disclosures were included in IFRS 4, often phrased to the effect that an insurer should make disclosures about insurance contracts, assuming that these Read more