IFRS17 Periodic Table
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IFRS17 outlines key terms and concepts related to insurance contract accounting, including the contractual service margin (CSM), fair value of options and guarantees (TVOG), and the modified and full retrospective approaches (MRA and FRA) to transitioning to IFRS17. It also lists important files and exhibits used for measurement, modeling, financial reporting and disclosures, risk management, and the application of a general measurement model (GMM) or other approaches like the variable fee approach (VFA) and premium allocation approach (PAA).
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IFRS17 Periodic Table
- 1. IFRS17 – Periodic Table CSM Contractual Service Margin FV Fair Value TVOG Time Value of Option and Guarantee MRA Modified Retrospective Approach FRA Full Retrospective IF In Force CDFB Cashflow Database STD Standardization ARY Array Variables PRD Prophet Results dB MPF Model Point File MAP Mapping Files ACT Group Level Actuals NPD Non-Prophet Data GRP Group Ref File INV Inventory Key File DIL Data Integration Layer LCF Liability CF Module Interface Interface Prophet Module IP IFRS Prophet Module SPCode SP Code PS PeopleSoft Ledger Exhibit J Cohort IFRS17 Groups R-MPF Read MPF C-MPF CSM MPF Exhibit M Exhibit N Exhibit O Exhibit P ARE Accounting Rules Engine PR Posting Rules for ARE SDT Standardized Data Tables RA Risk Adjustment O Onerous Group N Non-Onerous Group A At-Risk Group IBNR Incurred but not reported DIR Direct Business REINS Reinsurance Business RIT Reinsurance Treaty BL Baseline DAC Deferred Acquisition Cost NB New Business GRR Global Reserve Repository GDI Global Data Interface YC Yield Curve & Scenarios EPL Externally Projected Liabilities CB Contract Boundary PV Present Value FV Future Value SA Standalone Model Mul-Cur Multi- Currency AoC Analysis of Change PREM Premium TVM Time Value of Money IASB International Accounting Standards Board FASB Financial Accounting Standards Board IFRS International Financial Reporting Standards GASB Governmental Accounting Standards Board IAS International Accounting Standards Measurement Model Methodology Modelling Transition Strategy Local Office Actuarial Database Business Profitability Tagging Data Processing Exhibits Financial Data Regulatory ASM Assumptions QIS Quantitative Impact Studies MIAME Integrated Actuarial Modeling Environment CTRL Control Reports P-Loan Policy Loan YRT Yearly Renewable Term LE Legal Entity DCS Data Conversion System SURR_OUTGO Surrender outgo MAT_OUTGO Maturity outgo VAR Variable GMAB Guaranteed Minimum Accumulation Benefit RRD Reserves released on Death EoP End of Period RST IFRS Results XHBT IFRS Exhibits OCI Other Comprehensive Income PRJ Projection Results Files STO Stochastic Results Files RS Run Setting STRUCT Run Structure LIB Libraries .FAC Prophet Generic Table Extension ADJ Adjustments MPF Model Point File RAW RAW Data Load RECON Reconciliation Reports COMBO Prophet Model Combination Exhibit G Exhibit H Exhibit I Exhibit K Illustrative Balance Sheet Statement of Comprehensive Income Calculation of Insurance Revenue Liability for Remaining Coverage Exhibit L Liability for Incurred Claim Roll-Forward of Net Asset or Liability Components Building Block Reconciliation Building Block Reconciliation Insurance Revenue Reconciliation New Business Components Exhibit Q CSM Recon* Exhibit R Insurance Revenue Recon* * Effect of Transition Methods Exhibit S Roll-forward of OCI Exhibits& Disclosures Exhibit U Liquidity Risk- Related Exhibit T Claims development analysis Exhibit V Maturity Analysis Exhibit W Sensitivity Analysis Exhibit X Concentration of Risk Risk Disclosures Visualization by Kumar Kolaganti GMM General Measurement Model VFA Variable Fee Approach PAA Premium Allocation Approach BEL Best Estimate Liability BBA Building Block Approach PORT Portfolio