Insurance Service Results Considerations

exam6passerexam6passer
in CIA.IFRS17-1

Question: under IFRS 17, how might insurance revenue for reinsurance contracts issued differ from earned premium
For entities applying PAA, the revenue recognition requirements
Treatment of reinsurance cash flows that are contingent on claims of the underlying contracts
Treatment of amounts paid to the purchaser of reinsurance contracts, not contingent on claims of underlying contracts

can you explain more on this as I have hard time memorizing of these 3 points.

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