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KPMG's Insurance Group – Recent Publications – December 2012 

At KPMG, we are dedicated to providing our clients with insights on today's critical business issues. To help keep you up to date, we are pleased to share with you recent studies, white papers, articles and multimedia content published by KPMG.


IFRS Insurance Newsletter, Issue 32


This edition of IFRS Insurance Newsletter highlights the results of the IASB-only discussions in December 2012 on the joint insurance contracts project. In addition, it provides the current status of the project and an expected timeline for completion.



  • The residual margin would be unlocked for differences between current and previous estimates of cash flows relating to future coverage or other future services.
  • The residual margin for participating contracts would not be adjusted for changes in the value of the underlying items as measured using IFRS.
  • At inception, a cedant would determine the residual margin on a reinsurance contract by reflecting in the expected fulfillment cash flows all the effects of non-performance, including those associated with expected credit losses. Subsequent changes in expected cash flows resulting from changes in expected credit losses would be recognized in profit or loss.


Other publications


iCircle Magazine

iCircle Magazine


This publication of KPMG in Switzerland includes articles of interest on The Intelligent Insurer, sustainability, and doing business in Central and Eastern Europe.

Data and Systems - It's a journey not just a destination

Data and Systems - It's a journey not just a destination


This report focuses on how insurers need to manage the often underestimated systems and data journey to ensure they achieve a manageable and practical solution.

Frontiers in Finance

Frontiers in Finance


The global economic situation continues to dominate the environment for financial services. In this issue of Frontiers, we return to the themes of cost optimization, transforming business and operating models and the challenge of liquidity, among others.

Rethinking operations - A closer look at operational transformation

Rethinking operations - A closer look at operational transformation [PDF 1.57Mb]


This white paper highlights how the financial services companies need to transform their operational models to prepare themselves for extremely dynamic market conditions.

Insurance Newsletter

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KPMG's insurance practice in Canada is well placed to help clients successfully navigate challenging times and capitalize on opportunities.