Day 3 (Opening) - IFRS 17 Training
Quiz
•
Business
•
Professional Development
•
Hard

Elsa Tiara Tjendana
Used 8+ times
FREE Resource
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Key differences between reinsurance held and insurance under IFRS 17:
___ shall include allowance for the risk of non-performance (incl. effects of collateral and losses from disputes).
Estimated cash flows
Risk adjustment
Onerous contract requirements
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Investment Component for Reinsurance Contracts: Amount that a contract requires ___ to repay to ___ even if an insured event does not occur.
Entity, cedant
Cedant, entity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
___ has the same component under GMM and PAA method
LFRC
LFIC
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The PAA method is likely to be the preferred method for ___.
General and Health Insurance Contracts
Life and Health Insurance Contracts
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Profit sharing is included in the ___ component of the PAA calculation.
Premium received
Insurance revenue
Investment
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The PAA uses premiums ____ as opposed to premiums ___.
Received, written
Written, received
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
___ need to be measured under VFA.
Insurance contract with DPF
Health insurance contract
Life insurance contract
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