Grouping of contracts

david

Hi,

could you please give some clarity on how to group contracts under IFRS17. Is there a "minimum" rule of some sort? For example, must we separate onerous and non-onerous contracts?

Also, are the following characteristics valid reasons to put contracts into separate groups
1. LoB (liability vs. property)
2. PAA vs GMA

Staff-T1

1) You can't group contracts more than 12 months apart
2) Cannot group onerous and non-onerous together
3) Cannot group contracts that are using different measurement methods
4) Should not group contracts with substantially different coverage periods

Basically groups of similar risks managed together

1. Liability vs property, yes separate them as the risks are substantially different
2. See above