Unearned Premium & Unpaid Claims and Adjustment Expense Recoverable from Reinsurers
What would be the IFRS17 equivalent of
1. Unearned Premium Recoverable from Reinsurers and
2. Unpaid Claims and Adjustment Expense Recoverable from Reinsurers ?
Where were these items previously found in the financial statements?
Comments
I'm not sure at all, but if I had to guess, I would say it is in pages 70.50 (Registered) and 70.60 (Unregistered) in PC2. There is a section about receivable from Reinsurance. There is no separation betwen Unearnd Premium and Unpaid Claims, but this is the closest I can think of. When looking at the CCIR instruction text, it seems to only includs the portion of Loss and LAE
Basically the rough equivalent would be:
1. Asset for remaining coverage
2. Asset for incurred claims