Third technical meeting of the insurance contracts transition resource group — summary of discussions
08 Oct, 2018
The Transition Resource Group (TRG) for Insurance Contracts held its third technical meeting on 26-27 September 2018. We have published a newsletter summarising the discussions of this meeting.
During the meeting, the TRG discussed the following:
- Insurance risk consequent to an incurred claim
- Determining discount rates using a top-down approach
- Commissions and reinstatement premiums in reinsurance contracts issued
- Premium experience adjustments related to current or past service
- Cash flows that are outside the contract boundary at initial recognition
- Recovery of insurance acquisition cash flows
- Premium waivers
- Group insurance policies
- Industry pools managed by an association
- Annual cohorts for contracts that share in the return of a specified pool of underlying items
Please click to download our summary of the discussions at the meeting.