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Onerousity Assessment

Arabic translation: تقييم عبء الإلتزامات

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:Onerousity Assessment
Arabic translation:تقييم عبء الإلتزامات
Entered by: aya omar

09:24 Mar 14, 2024
English to Arabic translations [PRO]
Bus/Financial - Business/Commerce (general)
English term or phrase: Onerousity Assessment
1.1.1 Onerousity Assessment
As part of IFRS 17 requirements, all products (group of contracts with similar risks and managed together) are subject to a further test to assess the profitability before allocating into groups.
GIG Parent evaluates all products at each UW year by considering:
 All expected cash inflows (premium and issuance fees) during the contract period
 All expected cash outflows (acquisitions, admin expenses, claims, risk adjustment, etc.)
 Then, applying discounting (to reflect the time value of money)
 If the present value of outflows outweighs the present value of inflows, then the product is classified as “Onerous”, and a loss component (for the excess losses) is calculated and recognized immediately
As of the valuation date, GIG Parent classified the following products as “Onerous” for cohort 2023 (while all other products are classified as profitable):
aya omar
Egypt
Local time: 14:27
تقييم عبء الإلتزامات
Explanation:
تقييم عبء الإلتزامات

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Note added at 12 mins (2024-03-14 09:37:12 GMT)
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An Onerousity Assessment is an evaluation of the burden or difficulty associated with a specific course of action, agreement, or regulation. The purpose of this assessment is to determine whether the potential benefits outweigh the costs or drawbacks.
Selected response from:

HATEM EL HADARY
Local time: 14:27
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1تقييم عبء الإلتزامات
HATEM EL HADARY
4تقييم الجدوى الاقتصادية
Motaz Fahmy
3تقييم الإرهاق/الإتعاب
TargamaT team


  

Answers


5 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
onerousity assessment
تقييم الإرهاق/الإتعاب


Explanation:
تقييم الإرهاق/الإتعاب

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Note added at 6 mins (2024-03-14 09:31:25 GMT)
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https://fastercapital.com/arabpreneur/الركود-المالي--استراتي...

TargamaT team
France
Local time: 13:27
Works in field
Native speaker of: Native in ArabicArabic, Native in FrenchFrench
PRO pts in category: 580
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11 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
onerousity assessment
تقييم عبء الإلتزامات


Explanation:
تقييم عبء الإلتزامات

--------------------------------------------------
Note added at 12 mins (2024-03-14 09:37:12 GMT)
--------------------------------------------------

An Onerousity Assessment is an evaluation of the burden or difficulty associated with a specific course of action, agreement, or regulation. The purpose of this assessment is to determine whether the potential benefits outweigh the costs or drawbacks.

HATEM EL HADARY
Local time: 14:27
Works in field
Native speaker of: Native in ArabicArabic, Native in EnglishEnglish
PRO pts in category: 152

Peer comments on this answer (and responses from the answerer)
agree  Heba Abed: تقييم الأعباء الغير متوقعة/التي تتجاوز الحد
8 hrs
  -> شكرا جزيلا
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12 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
تقييم الجدوى الاقتصادية


Explanation:
تقييم الجدوى الاقتصادية

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Note added at 18 mins (2024-03-14 09:43:01 GMT)
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تقييم العبء والخسارة


Motaz Fahmy
Egypt
Local time: 14:27
Specializes in field
Native speaker of: Native in ArabicArabic
PRO pts in category: 104
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