At the end of this 60 to 75 minute PAA module, participants will have a deeper understanding about: 

• Application of PAA Eligibility criteria; 
• Calculation of the liability for remaining coverage (LRC) for groups of contracts at initial recognition and for subsequent measurement; 
• How revenue is calculated and released to profit or loss; 
• How to measure onerous groups of contracts; • How to treat (prepaid) acquisition cash flows for profitable, onerous and renewed groups of contracts; and 
• How to treat financing components for the liability for remaining coverage and the liability for incurred claims

75 minutes