CSM at the time of acquisition of new contracts during the period.
New business CSM under IFRS is the present value of the future profits of the new business and its concept is substantially similar to the value of new business in EV.
Accounting Glossary of Life Insurance
CSM at the time of acquisition of new contracts during the period.
New business CSM under IFRS is the present value of the future profits of the new business and its concept is substantially similar to the value of new business in EV.
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