CLAIMS CORELEDGER

The operating record for policy, claims, and insurance change.

Entities reporting insurance contracts under IFRS within scope · International financial-reporting standard

IFRS 17 Insurance Contracts

IFRS 17 sets principles for recognition, measurement, presentation, and disclosure of insurance contracts and replaces IFRS 4.

Effective accounting standardBinding where IFRS reporting requirements apply

What the authority record establishes

IFRS 17 sets principles for recognition, measurement, presentation, and disclosure of insurance contracts and replaces IFRS 4.

Binding where IFRS reporting requirements apply

The exact official title, issuing body, jurisdiction, version or application record, and linked source define the scope of this page. Readers should not transfer the authority's status to a commercial product or infer transaction-, patient-, system-, site-, or organization-specific applicability from this summary.

Why it matters to this market

Policy, claims, actuarial, subledger, data, and reporting architecture must preserve contract groups, cash flows, service, financial states, assumptions, movements, and reconciliations required by the reporting design.

Affected operating stages

  • Contract Identification
  • Grouping
  • Measurement
  • Service Result
  • Finance Result
  • Disclosure
  • Transition

Capabilities to examine

Insurance Product Configuration And Version Control

Ask how the system or service identifies the controlling source and version, applies customer-specific interpretation, handles exceptions, preserves human judgment, and retains evidence for insurance product configuration and version control.

Policy Administration And Policy Lifecycle Control

Ask how the system or service identifies the controlling source and version, applies customer-specific interpretation, handles exceptions, preserves human judgment, and retains evidence for policy administration and policy lifecycle control.

Premium Billing Invoicing And Receivables

Ask how the system or service identifies the controlling source and version, applies customer-specific interpretation, handles exceptions, preserves human judgment, and retains evidence for premium billing invoicing and receivables.

Payments Disbursements And Reconciliation

Ask how the system or service identifies the controlling source and version, applies customer-specific interpretation, handles exceptions, preserves human judgment, and retains evidence for payments disbursements and reconciliation.

Reserve Exposure And Financial Control

Ask how the system or service identifies the controlling source and version, applies customer-specific interpretation, handles exceptions, preserves human judgment, and retains evidence for reserve exposure and financial control.

Life Annuity And Long-Duration Contract Administration

Ask how the system or service identifies the controlling source and version, applies customer-specific interpretation, handles exceptions, preserves human judgment, and retains evidence for life annuity and long-duration contract administration.

Insurance Data Model Quality And Governance

Ask how the system or service identifies the controlling source and version, applies customer-specific interpretation, handles exceptions, preserves human judgment, and retains evidence for insurance data model quality and governance.

API Event And Ecosystem Integration

Ask how the system or service identifies the controlling source and version, applies customer-specific interpretation, handles exceptions, preserves human judgment, and retains evidence for API event and ecosystem integration.

Operational Financial And Regulatory Reporting

Ask how the system or service identifies the controlling source and version, applies customer-specific interpretation, handles exceptions, preserves human judgment, and retains evidence for operational financial and regulatory reporting.

Audit Trail Reason Code And Decision Reconstruction

Ask how the system or service identifies the controlling source and version, applies customer-specific interpretation, handles exceptions, preserves human judgment, and retains evidence for audit trail reason code and decision reconstruction.

Affected buyer audiences

  • finance
  • actuarial
  • life and general insurance
  • data
  • technology

Implementation questions

  • Which entities, products, populations, transactions, systems, sites, or jurisdictions are actually within scope?
  • What is binding, what is guidance, and what is a technical or consensus standard?
  • Which publication, adoption, effective, application, transition, and enforcement dates differ?
  • Who owns legal, clinical, quality, regulatory, policy, or operational interpretation?
  • How will a source revision affect open work and historical decisions?

Interpretation boundary

The publication does not provide accounting interpretation, determine scope or measurement, or establish that a technology configuration produces compliant reporting.