IFRS 17 Insurance Contracts

E454595

Accounting standard Insurance accounting standard International Financial Reporting Standard

IFRS 17 Insurance Contracts is an international accounting standard that sets out principles for the recognition, measurement, presentation, and disclosure of insurance contracts to ensure consistent and transparent financial reporting by insurers.

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All labels observed (3)

Label	Occurrences
IFRS 17	1
IFRS 17 Insurance Contracts canonical	1
International Financial Reporting Standard 17 Insurance Contracts	1

How this entity was disambiguated

This entity first appeared as the object of triple T4575897 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.

NED1 Entity disambiguation (via context triple) gpt-5-mini-2025-08-07

Target entity: IFRS 17 Insurance Contracts
Context triple: [International Financial Reporting Standards, hasStandard, IFRS 17 Insurance Contracts]

A. IFRS 15 Revenue from Contracts with Customers
IFRS 15 Revenue from Contracts with Customers is an international accounting standard that sets out a comprehensive, principles-based framework for recognizing revenue from customer contracts across industries.
B. IFRS 16 Leases
IFRS 16 Leases is an International Financial Reporting Standard that overhauled lease accounting by requiring lessees to recognize most leases on the balance sheet as right-of-use assets and lease liabilities.
C. IFRS 7 Financial Instruments: Disclosures
IFRS 7 Financial Instruments: Disclosures is an international accounting standard that sets out detailed disclosure requirements to help users assess the significance of financial instruments and the nature and extent of related risks in an entity’s financial statements.
D. IFRS Conceptual Framework for Financial Reporting
The IFRS Conceptual Framework for Financial Reporting is a foundational document issued by the IASB that sets out the underlying concepts and principles guiding the preparation and presentation of financial statements under International Financial Reporting Standards.
E. IFRS
IFRS (International Financial Reporting Standards) is a globally used set of accounting standards designed to bring transparency, comparability, and consistency to financial statements across different countries.
F. None of above. chosen
G. Unsure - the case is ambiguous/there is not enough information to decide.

NED2 Entity disambiguation (via description) gpt-5-mini-2025-08-07

Target entity: IFRS 17 Insurance Contracts
Target entity description: IFRS 17 Insurance Contracts is an international accounting standard that sets out principles for the recognition, measurement, presentation, and disclosure of insurance contracts to ensure consistent and transparent financial reporting by insurers.

A. IFRS 15 Revenue from Contracts with Customers
IFRS 15 Revenue from Contracts with Customers is an international accounting standard that sets out a comprehensive, principles-based framework for recognizing revenue from customer contracts across industries.
B. IFRS 16 Leases
IFRS 16 Leases is an International Financial Reporting Standard that overhauled lease accounting by requiring lessees to recognize most leases on the balance sheet as right-of-use assets and lease liabilities.
C. IFRS 7 Financial Instruments: Disclosures
IFRS 7 Financial Instruments: Disclosures is an international accounting standard that sets out detailed disclosure requirements to help users assess the significance of financial instruments and the nature and extent of related risks in an entity’s financial statements.
D. IFRS Conceptual Framework for Financial Reporting
The IFRS Conceptual Framework for Financial Reporting is a foundational document issued by the IASB that sets out the underlying concepts and principles guiding the preparation and presentation of financial statements under International Financial Reporting Standards.
E. IFRS
IFRS (International Financial Reporting Standards) is a globally used set of accounting standards designed to bring transparency, comparability, and consistency to financial statements across different countries.
F. None of above. chosen

Statements (60)

Predicate	Object
instanceOf	Accounting standard ⓘ Insurance accounting standard ⓘ International Financial Reporting Standard ⓘ
abbreviation	IFRS 17 ⓘ linked to: IFRS 17 Insurance Contracts
aimsToImprove	Comparability of insurers’ financial statements ⓘ Transparency of insurance contract obligations and performance ⓘ
appliesTo	Direct participating insurance contracts ⓘ Insurance contracts ⓘ Non‑participating insurance contracts ⓘ Reinsurance contracts held ⓘ Reinsurance contracts issued ⓘ
developedUnder	IFRS Foundation ⓘ
earlyApplicationPermitted	Yes ⓘ
effectiveDate	1 January 2023 ⓘ
fullName	International Financial Reporting Standard 17 Insurance Contracts ⓘ linked to: IFRS 17 Insurance Contracts
governs	Disclosure of information about insurance contracts ⓘ Measurement of insurance contract assets and liabilities ⓘ Presentation of insurance revenue and profit ⓘ Recognition of insurance contract liabilities ⓘ
issuedBy	IASB ⓘ linked to: International Accounting Standards Board International Accounting Standards Board ⓘ
keyComponent	Contractual service margin ⓘ Fulfilment cash flows ⓘ Risk adjustment for non‑financial risk ⓘ
mandatoryApplicationFrom	Annual reporting periods beginning on or after 1 January 2023 ⓘ
measurementModel	Building block approach ⓘ General measurement model ⓘ Premium allocation approach ⓘ Variable fee approach ⓘ
objective	Ensure consistent accounting for insurance contracts ⓘ Provide information about profitability of insurance contracts ⓘ Provide transparent and comparable information about insurance contract obligations ⓘ Provide useful information about future cash flows from insurance contracts ⓘ
region	Jurisdictions that have adopted IFRS Standards ⓘ
relatedTo	IFRS 15 Revenue from Contracts with Customers ⓘ IFRS 4 Insurance Contracts ⓘ IFRS 9 Financial Instruments ⓘ
replaces	IFRS 4 Insurance Contracts ⓘ
requires	Current estimates of future cash flows ⓘ Disclosure of significant risks arising from insurance contracts ⓘ Discounting of future cash flows using current discount rates ⓘ Explicit risk adjustment for non‑financial risk ⓘ Extensive disclosures about judgements and assumptions ⓘ Grouping of insurance contracts into portfolios ⓘ Identification of onerous groups of contracts ⓘ Presentation of insurance finance income or expenses ⓘ Recognition of contractual service margin ⓘ Reconciliation of contract balances ⓘ Separate presentation of insurance revenue and insurance service expenses ⓘ Systematic allocation of contractual service margin over coverage period ⓘ
scope	Insurance contracts issued by entities ⓘ Reinsurance contracts held by entities ⓘ
scopeExclusion	Contingent consideration in a business combination ⓘ Contractual rights or obligations contingent on future use of a non‑financial item ⓘ Direct insurance contracts that an entity holds ⓘ Employers’ assets and liabilities under employee benefit plans ⓘ Financial guarantee contracts within the scope of IFRS 9 when the issuer applies IFRS 9 ⓘ Product warranties issued directly by a manufacturer, dealer or retailer ⓘ
standardNumber	17 ⓘ
topic	Insurance contracts accounting ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

International Financial Reporting Standards → hasStandard → IFRS 17 Insurance Contracts ⓘ

IFRS 17 Insurance Contracts → fullName → International Financial Reporting Standard 17 Insurance Contracts ⓘ

linked to: IFRS 17 Insurance Contracts

IFRS 17 Insurance Contracts → abbreviation → IFRS 17 ⓘ