Friday 30 July 2010

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Work plan for IFRSs

Insurance Contracts

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Project milestones

 

IFRS 4 Insurance Contracts is the result of Phase I of the Insurance Contracts project. It is an interim standard that permits a wide variety of previous accounting practices for insurance contracts to continue until phase II is complete. Users of insurers’ financial statements find it difficult to understand and compare those practices. The IASB, jointly with the FASB, is undertaking Phase II of this project to develop a standard that will replace IFRS 4.

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Project news

30 July 2010 Podcast to introduce the Exposure Draft Insurance Contracts. Click here for the press release.

30 July 2010 The IASB publishes the Exposure Draft Insurance Contracts.

30 July 2010 Updated version of Decisions at a Glance is available.

Click here  to see all previous project news on this project.

 

Last IASB meeting update

19 July 2010 At this meeting the boards discussed: unbundling; three follow up issues on unit linked contracts; the measurement approach for short-duration contracts; and the release of the residual margin for investment contracts with a discretionary participating feature (DPF).

Click here to view the full update and to access all previous IASB updates on this project.

Click here to listen to the IASB meeting audio playback.

 

Next discussion by the IASB

The boards expect to resume discussion of the Insurance Contracts project after the expiry of the comment period (30 November 2010).

 

Page last updated: 29 July 2010

Related information

Click here for a high level summary (snapshot) of the project

Click here for a podcast introduction to the exposure draft

Click here for the FASB Insurance project page

Click here for the list of education sessions held by the board.

Click here for decisions at a glance

Project contacts

Hans van der Veen
Practice Fellow
email: hvanderveen@ifrs.org

 

Jane Jordan
Technical Manager
email: jjordan@ifrs.org

 

Sandra Hack
Assistant Technical Manager
email: shack@ifrs.org

 

Alessandro d’Eri
Technical Associate
email: aderi@ifrs.org