Πρακτικές αποτίμησης του IFRS 17
Valuation techniques of IFRS 17
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IFRS 17Abstract
In this thesis, we will present the way in which general insurance companies calculate their reserves applying the new international financial reporting standard IFRS 17. In the portfolio of a general insurance company there is the liability consisting of general insurance. In particular, they consist mainly of Line of Businesses related to car insurance, fire and transport. Specifically, we will examine the Motor third party liability, presenting and calculating the Liability for Incurred Claims (LIC), the Liability for Remaining Coverage (LRC) and the Risk Adjustment (RA) used in the calculation of the above-mentioned liabilities using the Bootstrap model applying triangle analysis through the Munich Chain Ladder method. The application of the new standard leads insurance companies to provide financial reports that are characterized by transparency regarding their financial position and the company's risk.