CERTYNEX IFRS ACADEMY

Opaline SA has issued an insurance contract that falls within the scope of IFRS 17. A covered claim has occurred and is not yet settled. How is the obligation to settle that claim measured?

As an IAS 37 provision, at the best estimate of the outflow of resources.

As a financial liability at amortised cost, under IFRS 9.

As an IAS 37 contingent liability, mentioned in the notes without being recognised.

As an insurance contract liability, measured under IFRS 17.