Details

  • Service: Audit
  • Type: Business and industry issue
  • Date: 10/5/2010

New on the Horizon: Insurance contracts 

This edition of New on the Horizon analyses the proposals in the IASB’s exposure draft on insurance contracts.
The potential changes include a new IFRS accounting model that could bring international consistency to insurance accounting practices. The proposals introduce a fulfilment-based measurement model for insurance contracts. These proposals are expected to have a huge impact on the insurance industry, so we explain them in more detail and give a high-level overview of some expected significant changes to current practice if they are finalised as a new IFRS.
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IFRS Publications and Comment letters - KPMG IFRG publishes a number of publications on IFRS issues including GAAP comparisons, line of business, illustrative financial statements and comment letters. 

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