Issue year

lukia6c25splukia6c25sp
in CIA.IFRS17-DR

Say for issue year 2025, it considers all policies with issue dates ranging from Jan 1, 2025 to Dec 31, 2025.

Since issue date is earlier than effective date, does it mean the issue year of an insurance contract could be different from its policy year? For example, issue date is Dec 30, 2025 (so issue year is 2025) and effective date is Jan 1, 2026 (so PY is 2026).

Comments

  • Staff-T1Staff-T1

    I wouldn't overthink it that way. Issue year is the same as policy year

Sign In or Register to comment.