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.
Compliance Warning
This industry is considered high risk and may receive closer attention from tax authorities. Professional tax consultation is strongly recommended.
Common Challenges
PSAK 74 Implementation
Fundamental overhaul of insurance contract recording.
Policy Liability
Actuarial mathematical reserve.
DAC
Acquisition cost amortization.
Our Solutions
PSAK 74 Transition
BBA, VFA, PAA approaches.
- Compliant
Related Tax Regulations
PSAK 74
Insurance Contracts
IFRS 17 equivalent
PSAK 71
Financial Instruments
FVTPL, FVOCI, amortized cost
POJK 16/2017
Insurance Reporting
OJK reporting guidelines
Need Help with Life Insurance Accounting?
Consult your bookkeeping and tax needs with our professional team. Free initial consultation.
Free Consultation via WhatsAppLife Insurance Accounting Consulting Services Across Indonesia
We support clients in major Indonesian cities. Find a location-specific service page for your area.
Bali
Banten
Daerah Istimewa Yogyakarta
Jawa Tengah
Jawa Timur
Kalimantan Barat
Kalimantan Selatan
Kalimantan Timur
Kepulauan Riau
Riau
Sulawesi Selatan
Sulawesi Tengah
Sulawesi Tenggara
Sulawesi Utara
Sumatera Utara
Sumatra Selatan
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 by qualified accounting professionals with clear documentation and traceable transaction data.
Related Industries
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Life Insurance Technology
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Life insurance core system: policy administration, claims, commission engine, actuarial modeling, and PSAK 74 compliance technology for Indonesian insurers.