To support the implementation of IFRS 17 Insurance contracts, the IFRS Foundation published:
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- a pocket guide on reinsurance contracts held (https://www.ifrs.org/-/media/feature/supporting-implementation/ifrs-17/ifrs-17-pocket-guide-on-reinsurance-contracts-held.pdf?la=en&hash=3FCC1704C813BCF020F7144C5F09FD7C48504B2A)
- a simple example of a reinsurance contract held (https://www.ifrs.org/-/media/feature/supporting-implementation/ifrs-17/ifrs-17-reinsurance-contract-held-example.pdf?la=en&hash=C2A13C2B2C3CF8746CFFD39B7E6853C3F4A1BAC3)
The simple example of a reinsurance contract held illustrates the requirements in IFRS 17 applied to:
- a group of underlying insurance contracts
- a reinsurance contract held that provides proportionate coverage for that group of underlying insurance contracts
These support materials are part of a series of materials that the IFRS Foundation is producing to support implementation of IFRS 17.