Dissertations / Theses on the topic 'Financial statement insurance'

Although the accounts of companies listed on the Australian Stock Exchange must be audited, there is a history of corporate failure in Australia showing that audited financial information can still contain misstatements. As a consequence, users who rely on that information can suffer losses which has contributed to concerns about audit quality. This research responds to longstanding concerns about public company audits where quality is compromised. For this study, new assurance and insurance models were designed to address low audit quality and improve the chance of recovery for public company stakeholders who suffer loss from misleading financial reporting. This study contributes to the literature in several ways. First, this research develops repeatable and defensible research methodology to inform model development. Second, a modified version of financial statement audit (MFSA) and modified version of warranty and indemnity insurance (MW&II) were designed for improved audit quality and increased shareholder protection using methods aligned to best practice regulatory design and risk management principles. Attributes and their levels for these models were identified and tested under experimental conditions. The stated preference survey used in the experiment included adaptive conjoint analysis questions together with ranking questions to collect data about preferred models and the appetite for change. Finally, after construction, the MFSA and MW&II models were mapped to several risk scenarios using survey respondent preferences to find that some participants were receptive to an insurance approach for improved audit quality.

Kooperativa pojišťovna, a.s., Vienna Insurance Group is the second largest insurance company in conditions of the Czech insurance market. Kooperativa is an universal insurance company, which offers insurance products and services to individuals and companies. The main aim of the diploma thesis is to define a position of Kooperativa commercial insurance company in the Czech insurance market. In order to reach the object of the thesis is necessary to respect for insurance's characteristics, specifics and main competitors. The first part of the thesis is focused on basic information about company and insurance products. The second part is dedicated to company's economy, which includes analysis of premium written, financial statement and ratios of financial analysis.

The graduation thesis aims to specify and define, with respect to the Czech legislation, the profit and loss statement of the insurance companies and those items of revenues and expenses that are specific for the insurance companies. The thesis deals with the principal characteristics of the revenues and the expenses of the insurance companies as well as with the matter whether insurance companies can in any means influence their management result. It also focuses on the field of the insurance security -- what is the insurance security in the Czech Republic in relation to the European Union, and on the quantity limits of the profit and loss statement, in the Czech insurance sector. It also assesses the efficiency of the local insurance companies in relation to this, what is the share of the earned premium when taking in account the insurance claims, the operating costs and the management result. The graduation thesis came to the conclusion that an insurance company can quite easily influence its accounting management result and therefore it is necessary for the company to respect the relevant accounting measures. Furthermore, the Czech Republic in comparison to the other EU countries indicates relatively low level of insurance security. With respect to the efficiency it is possible to conclude (in relation to the year 2012 and the local insurance companies) that the earned premium comprises of more that 60% of the claimed damages, 30% of the operating costs and 10% of the earned premium represents the net profit.

Assignment (MAcc )--Stellenbosch University, 2004.
ENGLISH ABSTRACT: Existing long-term insurance financial reporting practices are heavily based on regulatory foundations. Although the reporting requirements of the long-term insurance industry are unique, there is currently no comprehensive, up to date Financial Reporting Standard in South Africa for long-term insurers. The demand for increased disclosure in the financial statements of long-term insurers increases the importance of the basic accounting principles for these companies as embodied in the Framework for the Preparation and Presentation of Financial Statements, namely comparability, relevance, accuracy and understandability of financial reporting. The SAICA Long-Term Insurance Interest Group discussed the withdrawal of AC121 Disclosure in the Financial Statements of Long-Term Insurers and the replacement thereof by way of other guidance. Ultimately the Accounting Practices Committee has firmly stated that it will not tolerate the ongoing implementation of AC121 because it contradicted a number of other accounting statements and indeed overrode those statements. With this in mind and taking into account the program of harmonising South African accounting standards with International Accounting Standards, it insisted that AC121 be withdrawn and replaced by guidance notes only. The current lack of authoritative South African guidance on financial reporting by long-term insurers results in the potential compromise of the basic qualitative characteristics of comparability and relevance in their financial statements, as certain disclosures are voluntary rather than required. The aim of the research was to assess the impact of the lack of authoritative South African financial reporting guidance relating to South African long-term insurers on the basic financial statement characteristic of comparability. A literature study was undertaken and a checklist for disclosure in the long-term insurance industry was drawn up. The objective was to highlight areas of noncomparable disclosure for which financial reporting standards should be created in order to provide guidance on financial reporting by South African long-term insurers and, where possible, to suggest guidance. Financial statements of selected South African long-term insurers were reviewed and "measured" against the checklist in order to make an assessment of comparability. Currently the disclosure of industry-specific items differs significantly amongst long-term insurance companies in South Africa. The comparability test (on information disclosed in the 2002 annual reports of the selected companies) and the research done on industry-specific items identified by this test indicated the extent of this non-comparability within the South African long-term insurance industry. In view of the recent withdrawal of AC121 and the results of the comparability test, there is reason to believe that each long-term insurer in South Africa discloses what it believes is right and what it believes the industry is required to disclose. This results in significant non-comparability between the financial statements of South African long-term insurers. The author recommends that a long-term insurance industry accounting statement in the AC500 series should be issuéd, which should provide the appropriate guidance not only to preparers of financial statements, but also to other users of financial statements in the long-term insurance industry, until such time as the international accounting project relating to long-term insurers is complete. Some work will be required to update and/or amend a "new AC121" for the AC500 series.
AFRIKAANSE OPSOMMING: Die huidige praktyk vir finansiële verslagdoening van langtermynversekeraars berus grotendeels op 'n regulatoriese grondslag. Hoewel die vereistes vir verslagdoening van die langtermynversekeringsbedryf eiesoortig is, bestaan daar tans in Suid-Afrika geen omvattende hedendaagse Finansiële Verslagdoeningstandaard vir langtermynversekeraars nie. Die vraag na groter openbaarmaking in die finansiële state van langtermynversekeraars verhoog die belangrikheid van basiese rekeningkundige beginsels vir hierdie maatskappye soos vervat in die Raamwerk vir die Voorbereiding en Aanbieding van Finansiële State, naamlik vergelykbaarheid, relevansie, akkuraatheid en verstaanbaarheid van finansiële verslagdoening. SAIGR se Langtermynversekering Belangegroep het die onttrekking van RE121 Openbaarmaking in die Finansiële State van Langtermynversekeraars en die vervanging daarvan deur middel van ander riglyne bespreek. Uiteindelik het die Komitee vir Rekeningkundige Praktyk nadruklik bepaal dat dit nie die voortgesette implementering van RE121 verder kan onderskryf nie, omdat dit teenstrydig is met 'n aantal ander rekeningkundige standpunte en in werklikheid daardie standpunte ter syde stel. Met dien verstande en met inagneming van die harmoniseringsprogram om Suid-Afrikaanse rekeningkundige standaarde in harmonie met Internasionale Rekeningkundige Standaarde te bring, is daarop aangedring dat RE121 onttrek en slegs deur rigtinggewende riglyne vervang word. Die heersende gebrek aan gesaghebbende Suid-Afrikaanse riglyne oor finansiële verslagdoening deur langtermynversekeraars lei tot die potensiële kompromie van die basiese kwalitatiewe eienskappe van vergelykbaarheid en relevansie in hul finansiële state, aangesien sekere openbaarmaking vrywillig eerder as verplig is. Die doel van die navorsing was In bepaling van die impak wat die gebrek aan gesaghebbende riglyne vir Suid-Afrikaanse finansiële verslagdoening met betrekking tot Suid-Afrikaanse langtermynversekeraars op die basiese kenmerk van vergelykbaarheid van die finansiële state het. In Literatuurstudie is onderneem en In toetsstaat vir openbaarmaking in die langtermynversekeringsbedryf is opgestel. Die doelwit was om die soeklig te laat val op terreine waar openbaarmaking nie vergelykbaar is nie, waarvoor standaarde vir finansiële verslagdoening geskep moet word ten einde riglyne te verskaf oor finansiële verslagdoening deur Suid-Afrikaanse langtermynversekeraars en om waar moontlik, voorstelle hiervoor aan die hand te doen. In Oorsig van finansiële state van geselekteerde Suid-Afrikaanse langtermynversekeraars is onderneem en aan die toetsstaat "gemeet" ten einde die vergelykbaarheid te beoordeel. Teenswoordig verskil die openbaarmaking van bedryfspesifieke items aansienlik tussen langtermynversekeringsmaatskappye in Suid-Afrika. Die vergelykbaarheidstoets (volgens inligting wat in die 2002-jaarverslae van die geselekteerde maatskappye verstrek word) en die navorsing wat gedoen is oor bedryfspesifieke items wat deur hierdie toets geïdentifiseer is, toon die omvang van hierdie nievergelykbaarheid binne die Suid-Afrikaanse langtermynversekeringsbedryf. In die lig van die onlangse onttrekking van RE121 en die resultate van die vergelykbaarheidstoets, is daar rede om te glo dat elke langtermynversekeraar in Suid-Afrika opbenbaar wat volgens sy oortuigings reg is en wat hy glo van die bedryf verlang word om te openbaar. Dit lei tot beduidende nie vergelykbaarheid tussen die finansiële state van Suid-Afrikaanse langtermynversekeraars. Die skrywer beveel aan dat 'n rekeningkundige standpunt vir die langtermynversekeringsbedryf in die RE500-reeks uitgereik word, wat die toepaslike riglyne behoort te voorsien nie net aan diegene wat finansiële state voorberei nie, maar ook aan ander gebruikers van finansiële state in die langtermynversekeringsbedryf, tot tyd en wyl die internasionale rekeningkunde projek met betrekking tot langtermynversekeraars afgehandel is. 'n Sekere mate van werk sal nodig wees ten einde 'n "nuwe RE121" vir die RE500 reeks by te werk of dit te wysig.

La presente investigación tiene como objetivo analizar el impacto de la implementación de la NIIF 17 en las pólizas vehiculares de las empresas aseguradoras ubicadas en Lima Metropolitana por el periodo 2020, en vista de que, actualmente, las empresas del sector hacen uso de la NIIF 4: “Contratos de Seguros” y requieren de un estudio anticipado de la nueva norma. Es así como el presente trabajo de investigación comprende seis capítulos; el Capítulo I: Marco teórico, donde se plantean los antecedentes, conceptos importantes y situación actual del tema de investigación para facilitar su comprensión; el Capítulo II: Plan de Investigación, donde se define el problema de investigación, así como la descripción de los objetivos e hipótesis; el Capítulo III: Metodología de la Investigación, donde se propone el tipo de investigación para la muestra de información cualitativa y cuantitativa; el Capítulo IV: Desarrollo, donde muestra el desarrollo de la investigación cualitativa y cuantitativa, así como el planteamiento de un caso práctico de la medición de reservas técnicas bajo NIIF 4 y NIIF 17 para evaluar su impacto; el Capítulo V: Análisis de resultados, donde se evalúan los resultados de la investigación y; por último, el Capítulo VI: Conclusiones y Recomendaciones, donde se describen las conclusiones de la investigación y se proponen las recomendaciones
The objective of this research work is to analyze the impact of the implementation of IFRS 17 in the vehicle policies of insurance companies located in Lima Metropolitana for the period 2020, given that, currently, insurance companies make use of IFRS 4: “Insurance contracts” and require an early study of the new standard. This is how the present research work comprises six chapters; Chapter I: Theoretical framework, where the antecedents, important concepts and current situation of the research topic are raised to facilitate its understanding; Chapter II: Research Plan, where the research problem is defined, as well as the description of the objectives and hypotheses; Chapter III: Research Methodology, where the type of research is proposed for the qualitative and quantitative information sample; Chapter IV: Development, where it shows the development of qualitative and quantitative research, as well as the approach of a practical case of the measurement of technical reserves under IFRS 4 and IFRS 17 to evaluate their impact; Chapter V: Analysis of results, where the results of the investigation are evaluated and; finally, Chapter VI: Conclusions and Recommendations, where the conclusions of the investigation are described and the recommendations are proposed.
Tesis

碩士
國立臺灣大學
財務金融學研究所
97
The idea of this paper comes from “Society of Actuaries’ Research Project on Financial Reporting for Insurance Contracts under Possible Future International Accounting Standards”, which compares the difference between US GAAP and IFRS in the income statement. This paper focuses on the comparison of the financial statement difference between SAP and IFRS. Even in the IFRS Discussion Paper, there still are some different opinions on the issue, and there’s no conclusion about which one is better. For example, should we recognize the Margin at the inception of the insurance contracts sold or should we recognize but depreciate it during the whole policy periods? To avoid confusing the readers by presenting too many different IFRS accounting approaches, we only adopt the Board’s preliminary views in this paper. First we briefly introduce the difference between SAP and IFRS in the financial statement. Second we illustrate how to calculate the income statement and balance sheet items. Then we offer five numerical examples to show the income baselines and liabilities on the balance sheet under SAP and IFRS. Also we analyze the difference from the figures and offer some scenario simulations to discuss the impact of adopting IFRS on the higher pricing rate contracts. Finally, we summarize the result we found in this paper. Although the IFRS is better than SAP, we still can’t change it right away. Because as our simulation shows, if we adopt IFRS this year, the liability the insurance company need to increase is about 1 to 2 times of their current liability. The only result is that all the life insurance companies will go bankrupt together, so it must need time and some modified methods to solve this critical problem.

碩士
輔仁大學
會計學系碩士班
104
This study aims to examine the relation between Directors And Officers Liability Insurance (hereafter, D&S) and the Value-Relevance of Financial Statement. The sample consists of listed firms in Taiwan during 2008-2015. The empirical result of this study shows that firms with D&O insurance have greater Value-Relevance of Financial Statement than those without D&O insurance. This study performs several sensitivity tests, included OLS test, the stock price as of financial statements disclosure deadline test, 2SLS test, and D&O insurance amount test. The empirical results of these sensitivity tests are similar to the previous empirical results.

碩士
國立彰化師範大學
會計學系
99
Abstract Recently, many enterprise frauds were happened regularly which led to a numerous loss of investors’ wealth. This generates the concern of investors and regulators about public investors’ right and protection. With the awareness of public investors’ protection, the suit cases of enterprise directors and material officers have increased continuously. Hence, directors’ and officers’ liability insurance (D&O) becomes more important and higher demand. Besides, the board of directors is the core of corporate governance and has a crucial influence. As a result, this study compares the independence and competence of directors and officers with the awareness of purchase of D&O. Moreover, this study tests the association between the purchase of D&O and financial statement quality. The samples of this study are chose from the listed companies in Taiwan during the period 2008 to 2009. The result of this study reveals a significant positive association among the independence of directors and officers and the purchase of D&O. In other words, the Director is more independence in the company which is more likely to purchase of D&O. Conversely, there are few evidences to prove that a positive association between the competence of directors and officers and the purchase of D&O. Another finding is that the company is more likely to purchase D&O when there is at least one Director or officer who is expertise in the company. Nonetheless, the study also discloses that the willingness of purchase of D&O is decreasing when the tenure of directors’ and officers’ is longer. Finally, the study does not find a significant association among the purchase of D&O and the financial restatement. This means that there is no evidence to support that the purchase of D&O is able to decrease the financial restatement.

碩士
逢甲大學
風險管理與保險研究所
98
This study utilizes Delphi Method to integrate 20 experts’ viewpoints of implementing Statement of Financial Accounting Standards (SFAS.) No. 40 on Taiwan property insurance industry. Research topics include the issues arising from the foreign countries of the implementation of International Financial Reporting Standards 4（IFRS 4）, the challenges and obstacles faced by Taiwan property insurance industry. Research results show that the experts and IASB hold mostly the same perspectives, ”unbundling” is the highest degree of agreement, “time value of money” and “credit risk ”are relatively minors, and the lowest degree of agreement is “discount rate” which the definitions of Taiwan and IASB are identical to each others. Most experts possess the same notions of the challenges on Taiwan property insurance industry with Swiss Reinsurance Company (Swiss Re.), which “administration” is the highest degree of agreement, following with “reserving” and “product development.” Some experts view reinsurance as one of the methods of diversifying risks, which is not affected by implementing SFAS. No. 40, this prospective is different from Swiss Re. and getting the lowest degree of agreement. When it comes up with the obstacles encountered by property insurance industry, the result resembles in literature reviews. “Relevant laws and supporting policies are not timely amended" gets the highest degree of agreement, so that the authority have to consider with the consistency of the regulations between Taiwan and internationals.“The policies of the authority are not explicit" and “the professional capacity requirement of SFAS. No. 40” exceeds the one that current staffs hold” are followed by the first item. Financial statements of Taiwan property insurance industry would alter for the assessment of fair value. From the techniques, Taiwan property insurance industry could confront with several issues, such as the integrity of the database, lack of the capacity of assessment, lack of actuarial and financial accounting personnel, and so on. The imported technique programs could modify current situations, but they would raise the cost of accounting information of insurance companies. Therefore, enforce the establishment of database on Taiwan insurance industry, reengineering the system of information, nurturing actuarial and financial accounting personnel is necessary.

碩士
朝陽科技大學
保險金融管理系碩士班
98
Recently, there are more and more withdrawal of investment and merger and acquisition within foreign insurance companies, especially European-based insurance corporations. The significant decreases of net present value of insurance corporations are result of the global financial crisis across the global. Moreover, increase the reserve which is caused by the implementation of IFRS 4-Insurance Contract of International Accounting Standards Board in European Union further leads to the slump of net present value and the sharply grow of liabilities. As a result, the partial or completely withdrawal of insurance investments within these foreign insurance companies has not only dramatically influenced the insurance market in Taiwan but also influenced the business operation and the right of policyholders. In this academic research, based on insurance accounting dimension, illustrates that including collation and study of Statement of Financial Accounting Standards No. 40-Insurance Contract, its impact on Taiwan’s Life Insurance Industry of the normative content of the main reference to IFRS4 Phase I. The objective of this research devote to making the connection with international accounting standards. Nevertheless, liability adequacy test would have impacted on the policy reserve. Compared to high interest rates for the long-term insurance policy in the past, the discount rate is set as market interest rate; therefore, there are potential problems of insufficient reserves which further lead to the pressure of increasing capital. After implementing International Financial Reporting Standards as dominant financial report standard in each European country, European-based insurance companies have withdrawn their business from Taiwanese market. Consequently, there is not doubt that the careful and profound implementation of the financial report standards made by relevant authority is the predominant element to prevent withdrawing foreign investment from Taiwan’s market. Otherwise, it can be predicted that there is no insurance company in Taiwan left except local-based insurance companies. In brief, although it is unavoidable that insurance accounting system in Taiwan should be gradually integrated with international standards, the interest rates setting should be flexible and adjustable in terms of different circumstances and the bulletin should be implemented step by step for the purpose of protecting the right of policyholders and keeping promises of the long-term operations within insurance companies.

碩士
國立中山大學
財務管理學系研究所
106
Study aim: Annual expenditure of national health insurance(NIH) accounts for up to 3.6% of gross domestic product in Taiwan. There are few previous studies analyzing the financial statements of NIH-contracted hospitals. The study purpose of the study is to comprehensively analyze financial statements of NIH-contracted hospitals, and to explore the differences of financial indicators between public, non-profit and private hospitals. Study method: Download the financial statements of NIH-contracted hospitals in fiscal year 2015 from the official website of Ministry of Health and Welfare. The hospitals with annual revenue more than one billion NT dollars were included for further analysis. A total of 103 hospitals were included in the study. Conclusions Of these 103 hospitals, the financial structures were grossly robust, the asset allocation was quite conservative, and short-term solvency was good. Ninety percent of the hospitals had net income. Overall, the non-operating income was more than operation income. The study demonstrated clues of earnings management in non-profit hospitals for tax avoidance by reducing operating income while increasing non-operating income. The effective tax rate of non-profit hospitals was noted to be lower than that of private hospitals.

碩士
國立彰化師範大學
會計學系
106
Using publicly-available data for public companies in Taiwan from 2014 to 2016.This research examines financial distress as the moderators to explore the moderating effect between directors’ and officers’ liability insurance (DOLI hereafter) and earning quality of financial statements. In the sample of financial distress companies, DOLI is positively associated with discretionary accruals positive manipulation.In normal companies, there is no significant relationship.In addition, we find that financial distress companies with higher abnormal DOLI coverage will further deteriorate earning quality of financial statements.These results imply that financial distress companies with DOLI as well as higher abnormal DOLI coverage may not conducive to earning quality of financial statements, due to increase the risk of moral hazard from directors’ and officers’.

碩士
國立中央大學
會計研究所
101
In recent years, because of continuous outbreaks of bribery and fraud events, the government, enterprises and investors gradually place more and more emphasis on corporate governance. In Taiwan, Directors and Officers Liability Insurance is one of the corporate governance issues that have caught much attention for the past few years. In the past, researches about D&O insurance mostly point out that there exists high relevance between the motive for insurance needs and corporate governance. Hence, from the point of view of corporate governance, our study investigates the reasons to influence both D&O insurance needs and enterprises purchasing D&O insurance on insurance amounts. Our study explores the reasons to influence D&O insurance needs and enterprises purchasing D&O insurance on insurance amounts from views of business control types, supervisors internalization and restated financial statements. We categorize business control types into family enterprises and non-family enterprises, supervisors internalization into enterprises with and without supervisors internalization. Moreover, we also examine the number of times to restate financial statements on the impacts of D&O insurance needs and insurance amounts for enterprises purchasing D&O insurance. For empirical results, we take OLS regression model and use Logistic and Tobit regression model in the sensitivity test to reach stable status. Empirical results reveal that non-family enterprises compared with family enterprises are more likely to purchase D&O insurance and also with higher insurance amounts. Besides, enterprises without supervisors internalization and with higher times to restate financial statements are more probable to purchase insurance with higher amounts. Our results hope to arouse the attention on insurance issues for the government, enterprises, investors and insurance companies. We provide the motives of enterprises purchasing D&O insurance and insurance amounts on D&O insurance for investors and insurance companies.

The aim of this thesis is to assess the effectiveness of certain audit approaches and to propose an optimum solution for quality in the particular conditions of an insurance company. To reach this goal the specifics of the audit of financial statements of insurance companies will be defined, beginning with an outline of the essential processes in insurance companies and identifying the main inherent risks from the auditor's perspective, identifying controls applied by insurance companies to prevent or detect mistakes due to inherent risks and proposing essential substantive tests to verify particular balances in financial statements, and ending with a proposal for an optimum audit approach in the particular conditions of an insurance company. The thesis is divided into two parts a general background and its application. The content of chapter 3 provides a general background of insurance as a general area (chapter 2.1), financial statements of an insurance company (chapter 2.2) and audit as a general area (chapter 2.3). The objective of these chapters is to present readers with this issue and to introduce them to this area rather than provide a detailed analysis of the insurance business as whole or an assessment of general audit. The application of the background in the conditions of insurance companies is the topic of chapters 4 and 5. Chapter 4 represents the core of this thesis as it includes a description of processes in an insurance company, identification of the main inherent risks, specifics in planning an audit of an insurance company, internal controls implemented by an insurance company and substantive tests. Based on chosen measures differentiating insurance companies and distributing them into groups based on their similarities, chapter 5 sets out the most appropriate audit approach with the aim of maximizing audit efficiency.

碩士
國立臺灣大學
會計學研究所
107
The International Accounting Standard Board issued “IFRS 17 Insurance Contracts” on May 18, 2017 and set January 1, 2021 as the effective date. Although this standard enhanced the comparability of financial statements, it also dramatically changed the accounting treatment of insurance contracts. One of the biggest changes is that insurance liabilities will be measured on the current basis. However, as regulated by the standard, the entity could make accounting policy choice as to whether to disaggregate insurance finance income or expenses for the period between profit or loss and other comprehensive income because of the change of discount rate, so it could influence the comparability of financial statements. This thesis will introduce the reasons and the background of these clauses and analyze the accounting treatment of the related illustrative example. From the result of the illustrative example, I find disaggregating insurance finance income or expenses for the period to include in profit or loss an amount determined by using a rate that allocates the remaining revised expected finance income or expenses over the remaining duration of the group of contracts at a constant rate could make the income more fluctuant than the other two accounting policies. Besides, if the choice is not limited, it could lead the entity to manipulate income.

Dissertation presented as the partial requirement for obtaining a Master's degree in Statistics and Information Management, specialization in Risk Analysis and Management
Nas últimas décadas, as seguradoras têm enfrentado uma série de mudanças nos seus sistemas regulatórios e de supervisão, às quais precisam constantemente de se adaptar dentro de prazos explícitos, a fim de cumprir as modificações necessárias. Os requisitos mais significativos, em mais de 20 anos, para moldar a maneira como as divulgações financeiras de uma seguradora são realizadas são dados no IFRS 17 (International Financial Reporting Standard 17), lançado em maio de 2017 pelo International Accounting Standards Board (IASB). Um elemento importante desta norma introduz e discute os cálculos para ajuste de risco de riscos não financeiros. Este aspecto específico da norma é de certa forma interessante devido à possibilidade de as seguradoras implementarem a sua própria abordagem para este cálculo, desde que atenda às condições mínimas impostas pela IFRS 17. Este trabalho visa explorar duas principais abordagens fortemente sugeridas por especialistas da indústria, a fim de determinar, através de extensa revisão da literatura e análise de resultados, a mais adequada. Um contexto apropriado é dado em termos de outros requisitos regulatórios relevantes que, sem dúvida, devem ser integrados à IFRS 17, juntamente com as definições necessárias que são cruciais para o entendimento completo deste estudo. No geral, este documento chegará a uma conclusão destacando os benefícios e os desafios da adoção de cada método além de compará-los.
For the last decades, insurers have faced several changes in their regulatory and supervisory systems, to which they have to consistently adapt in explicit time frames to comply with any necessary modifications. The most significant requirements released in over 20 years to shape the way insurers’ financial disclosures are done appear in the IFRS 17 (International Financial Reporting Standard 17), released in May 2017 by the International Accounting Standards Board (IASB). One important element of this standard introduces and discusses the calculations for risk adjustment of non-financial risks. This specific aspect of this standard is somewhat interesting due to the possibility for insurers to implement their approach for this calculation as long as it satisfies the minimum conditions imposed by the IFRS 17. This paper aims to explore two main different approaches strongly suggested by specialists in the industry, to determine, through extensive literature review and analysis of results, the most adequate one. Appropriate context is given in terms of other relevant regulatory requirements which should be undoubtedly integrated with the IFRS 17, along with any necessary definitions which are crucial to the full understanding of this study. Overall, this paper concludes by highlighting the benefits and challenges of adopting each method and comparing them.