https://www.taxtmi.com/acts?id=43915 Ind AS 117 requires measuring a group of insurance contracts at initial recognition as the sum of fulfilment cash flows-probability weighted, discounted estimates of future cash inflows and outflows within the contract boundary adjusted for non financial risk-and the contractual service margin representing unearned profit; subsequent measurement segregates the liability for remaining coverage (including the CSM) and the liability for incurred claims, with changes recognised as insurance revenue, insurance service expenses (including onerous group losses) and insurance finance income or expenses, subject to grouping, separation of components, premium allocation simplifications and modified rules for reinsurance held and discretionary participation features. en-us Thu, 22 Aug 2024 13:07:03 +0530 Thu, 22 Aug 2024 13:07:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43915 Ind AS 117 requires measuring a group of insurance contracts at initial recognition as the sum of fulfilment cash flows-probability weighted, discounted estimates of future cash inflows and outflows within the contract boundary adjusted for non financial risk-and the contractual service margin representing unearned profit; subsequent measurement segregates the liability for remaining coverage (including the CSM) and the liability for incurred claims, with changes recognised as insurance revenue, insurance service expenses (including onerous group losses) and insurance finance income or expenses, subject to grouping, separation of components, premium allocation simplifications and modified rules for reinsurance held and discretionary participation features. Act-Rules Companies Law Thu, 22 Aug 2024 13:07:03 +0530 https://www.taxtmi.com/acts?id=43915