Accounting & Bookkeeping ยท KBLI 65110

Life Insurance Accounting

Life insurance has its own accounting standard: PSAK 74 (IFRS 17), policyholder liability, DAC, and RBC reporting. Arunika Consulting helps life insurers prepare compliant books.

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What usually goes wrong

  • PSAK 74 Implementation

    Fundamental overhaul of insurance contract recording.

  • Policy Liability

    Actuarial mathematical reserve.

  • DAC

    Acquisition cost amortization.

What we do

  1. 01

    PSAK 74 Transition

    BBA, VFA, PAA approaches.

    • Compliant

Related regulations

  • PSAK 74

    Insurance Contracts

    IFRS 17 equivalent

  • PSAK 71

    Financial Instruments

    FVTPL, FVOCI, amortized cost

  • POJK 16/2017

    Insurance Reporting

    OJK reporting guidelines

If the tax office starts asking questions

The team that keeps your books and files your taxes also stays with you through an SP2DK, an audit, an objection and an appeal.

How we handle tax disputes

Frequently Asked Questions

What is PSAK 74 and its impact?

IFRS 17: liabilities at current assumptions, revenue when service provided, CSM for profit deferral. Effective 2025.

How do accounting services improve operating cost efficiency?

Accurate, timely financial reports help you spot cost leakage, monitor margins by product or service, and make data-based decisions.

Can financial reports be accessed in real time?

Yes. We use cloud accounting systems so you can monitor cash flow, profit and loss, and business performance from anywhere.

How do you ensure reports are ready for external audits or banks?

Reports are prepared with clear documentation and traceable transaction data.

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Tell us about your business

Send your line of business, rough annual turnover, and what is going wrong. We reply on WhatsApp.

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