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IFRS 17 includes the option to use a simplified measurement model called the Premium Allocation Approach (PAA). PAA may reduce the challenge of IFRS 17 for many general insurance firms, however, it may not be as simple as first thought. In this video IFRS Global Lead Mark Miller looks at challenges in measurement, data, incurred claims and reinsurance. Find out more about the Premium Allocation Approach here - https://www.legerityfinancials.com/if... About Legerity: Legerity helps clients deliver complex accounting change. Its FastPost Accounting Rules platform provides a 3rd generation solution that meets new accounting standards in a fast and non-disruptive manner. Legerity can significantly assist firms that are dealing with the challenges of IFRS 17 accounting rules. Delivered via the cloud, FastPost provides seamless integration with existing systems and with the lowest TCO. If your organisation is dealing with the challenges of an IFRS, finance or risk transformation project, or needs to reduce finance systems operating costs contact us now - info@legerityfinancials.com https://www.legerityfinancials.com/