Latest episodeIFRS 17 Explained · Episode 06
Liability for Incurred Claims
Case reserves · IBNR · chain ladder · BF · discounting · RA
The PAA simplifies the LRC but never the LIC. This episode builds the liability from a claims triangle: chain ladder and Bornhuetter-Ferguson estimates, the selected reserve, discounting and the risk adjustment, and where each movement lands in the financial statements.
Unpaid claims 655.3 − discounting 33.4 + risk adjustment 43.5 = LIC 665.4. Hover or tap a step to see where each number comes from.


