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  • Service: Audit, IFRS
  • Date: 8/2/2013

A new world for insurance 

The IASB and FASB issued their targeted re-exposure drafts on insurance contracts in June, marking a major step forward towards implementing a common insurance reporting framework across much of the world.

The proposals apply to all insurance contracts, including certain financial guarantees, rather than insurance entities, and to investment contracts with a discretionary participation feature (DPF) issued by insurance companies.

 

Comments are due to the IASB and FASB by 25 October 2013.

 

Download our In the Headlines to understand, at a high level, what the proposals mean for your business. In addition, our publication New on the Horizon brings you KPMG’s insight, helping you to better understand the proposals.

New on the Horizon: Insurance contracts

Feature image
The IASB and FASB issued their exposure drafts on insurance contracts in June, marking a major step towards a common insurance reporting framework.

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