OpenChainGraph Suite · ART-177 · Insurance, Actuarial & Prudential
IFRS 17 Measurement Model Classifier
Classify insurance contracts to their IFRS 17 measurement model: PAA (coverage period ≤12 months), VFA (direct-participating, not reinsurance), or GMM/BBA (general measurement model, default). Returns measurement_model, eligible_models, and eligibility flags. Root node of the ifrs17-measurement-conformance chain. Zero network.
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Scope
Root node of ifrs17-measurement-conformance chain (art-177→178→179). IFRS 17 para 17-23: PAA applies when the coverage period is ≤12 months, or when results would not differ materially from the GMM. IFRS 17 para 31-36: VFA applies when contracts are direct-participating with investment-linked features and the entity holds the underlying items (not reinsurance held). GMM/BBA is the default measurement model. IFRS 17 mandatory from Jan 1 2023.
Presets
Contract Features
Coverage period in months. ≤12 = PAA eligible (IFRS 17 para 17).