Share with your friends

IFRS 17 – CSM allocation: What’s the issue?

IFRS 17 – CSM allocation: What’s the issue?

Predicting the impact of IFRS 17 on earnings


Contact Mike

Mike Morrison

Chief Executive Officer

KPMG in Bermuda


Related content


In the third podcast of the series, Joachim Kölschbach, Mary H. Trussell and Bryce Ehrhardt look at the issue of CSM allocation under the new insurance contracts standard.        

“How to treat the CSM is creating a lot of noise – in terms of implementation questions – in the insurance market right now as insurers work out what IFRS 17 means for their business.”

Mary H. Trussell
Global Insurance Change Lead Partner


“The Board’s outcome does seem sensible for direct participating contracts as it is consistent with how IFRS 17 identifies and accounts for these contracts. But a problem pops up if investment-related services are not reflected in CSM allocation for any other insurance contracts.”

Joachim Kölschbach
Global IFRS insurance leader


“To be frank, insurers can’t necessarily begin preparing their investors for what their bottom line’s going to look like when they don’t know it themselves...”

Bryce Ehrhardt
Senior Manager, ISG


A full transcript (PDF 130 KB) of this episode is also available. Our IFRS – Insurance  topic page offers a wide range of materials that will help you transition to the new standard, whatever stage you're at. 

Visit our IFRS Today landing page to view other episodes in this series.

© 2018 KPMG IFRG Limited, a UK company, limited by guarantee. All rights reserved.

Read full disclaimer.

© 2021 KPMG, a group of Bermuda limited liability companies and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

For more detail about the structure of the KPMG global organization please visit

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

Connect with us


Want to do business with KPMG?


loading image Request for proposal

Stay up to date with what matters to you

Gain access to personalized content based on your interests by signing up today

Sign up today