Accountants and accounting firmaccountants and auditorsAccountants and Auditors in Kingston Jamaicaaccounting firmAudit and AssuranceAudit and Assurance ServicesAudit firm
The Contractual Service Margin (CSM) Decoded — Profit Recognition under IFRS 17
July 4, 2025by Dr Dawkins Brown
At the heart of the IFRS 17 Insurance Contracts standard lies the Contractual Service Margin (CSM) — a powerful concept that fundamentally changes how insurers recognize revenue and profit. In contrast to traditional models that front-loaded income upon premium receipt, IFRS 17 mandates a systematic deferral and gradual recognition of profits over the life of...
