Mini BattleQuiz 3
under IFRS 17, how might insurance revenue for reinsurance contracts issued differ from earned premium
seasonality
→ if the release of risk differs from the passage of time
reinstatement premiums
→ apply against insurance service expenses
ceding commissions on proportional reinsurance treaties
→ reinsurer could classify as any of [1] insurance revenue [2] insurance service expense [3] investment component
how come the answers for the same question are not the same?
Comments
What you have above is an explanation of what you have in the screenshot. I prefer the above as it is easier to remember