An insurance contract may include parts that another Standard would govern if they stood alone. The entity first uses IFRS 9 to decide whether an embedded derivative has to be separated and how to account for it. Next it separates an investment component only where that component is distinct (B31 to B32), accounting for it under IFRS 9 unless it is an in-scope investment contract with discretionary participation features. Then it separates any promise to deliver distinct goods or non-insurance services, using paragraph 7 of IFRS 15 and B33 to B35; cash inflows are split under IFRS 15, and cash outflows are assigned directly where they belong to a component and otherwise on a systematic and rational basis. What is left falls under IFRS 17, and from then on references to embedded derivatives and investment components mean only those that were not separated.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.