The recognition date of a group

Learning objectives

• List the three dates, the earliest of which determines the recognition of a group of contracts issued.L1
• Determine the recognition date of a group from the dates in a case.L2

Normative references

• IFRS 17 §25A group of contracts issued is recognised from the earliest of the following: the beginning of the coverage period, the date when the first payment from a policyholder becomes due, and the date when the group becomes onerous.

Original summaries of the paragraphs (reference register), never a quotation of the standard.

2 questions

• Which date is used to recognise a group of insurance contracts issued?L1
• Cosmea SA signs the contracts of a group on 2 June 2025. The coverage period starts on 1 July 2025; the first payment from a policyholder is due on 15 June 2025; the group is not onerous (case data). On which date is the group recognised?L2