Insurance service expenses

Learning objectives

• List the components of insurance service expenses, excluding repayments of investment components.L2
• Calculate the insurance service result for a period from given revenue and expenses.L3

Normative references

• IFRS 17 §84Insurance service expenses comprise incurred claims (excluding repayments of investment components), other incurred insurance service expenses and other amounts.

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

1 question

• Mosaïque SA reports for the period insurance revenue of {insurance_revenue}, incurred claims of {incurred_claims} and other insurance expenses of {other_expenses} (case data). It also repaid {investment_component_repaid} to policyholders in respect of an investment component. Calculate the insurance service result.L3