CERTYNEX IFRS ACADEMY

The carrying amount of a group of contracts increases by 550 euros during the period: 150 euros come from the effect of the time value of money on the liability (unwinding) and 400 euros from an excess of incurred claims over expected claims (case data). Which part of the increase is an insurance finance expense?

The 550 euros, since every change in the carrying amount of the group is financial.

The 150 euros of unwinding; the 400 euros are not insurance finance expenses.

The 400 euros of excess claims; the 150 euros of unwinding are not financial.

Neither the 150 euros nor the 400 euros: finance results come from the assets held, not from the liability.