Measurement Claim Reserving Insurance Contract in Accordance with IFRS 17 using Stochastic State Space Model
Adhitya Ronnie Effendie,
Rafida ‘Alaiyya Hayyin
Abstract:International Financial Reporting Standard 17 (IFRS 17) is a global accounting standard developed by the International Accounting Standards Board (IASB). It guides the accounting treatment of insurance contracts in financial statements. In IFRS 17, claim reserving is vital for measuring insurance contracts and determining the Contractual Service Margin (CSM). The claim reserving process involves estimating expected claim payouts over the contract’s duration. These estimates are crucial for calculating the liab… Show more
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