Thursday 23 May 2013
Phase I - Feedback on ED 5 Insurance Contracts. Topics discussed includes assets backing insurance contracts, exemptions from IAS 8, Changes in accounting policy, Shadow accounting, Scope, weather derivatives, Definition of Insurance contract, Embedded derivatives, Unbundling of deposit component, Investment Contracts, Discretionary participation features
Supplement A – Japanese Accounting for Debt securities Earmarked for Policy Reserve
Supplement B – Definition of an Insurance Contract - Application Guidance
Supplement C – Definition of Insurance Contract - Implementation guidance
Supplement D – Embedded derivatives - Implementation guidance
Supplement E – Unbundling – Implementation Guidance
Phase I - Feedback on ED 5 Insurance Contracts. Topics discussed includes assets backing insurance contracts, exemptions from IAS 8, catastrophe and equalisation provisions, derecognition, disclosures, reinsurance, loss recognition, insurance contracts acquired in business combinations and portfolio transfers
Phase II – Project plan
Phase 1 – Feedback on pre-ballot draft
Phase 1 – Asset backing insurance contracts, Insurance for credit risk and financial guarantees, disclosures, feedback on pre-ballot draft
Phase 1 – Reinsurance, Cancellation and renewal rights, Decision Summary for Exposure Draft
Phase 1 – Disclosures, Derecognition, Insurance contracts in Business Combinations and portfolio transfers, Discretionary performance features
Performance linked features, cancellation of renewal options
Supplement - Scope
Phase 1 – Application of IAS 39 to investment contracts, measurement of financial assets backing contracts, unbundling
Phase 1 – Embedded derivatives
Phase 1 – definition of insurance contracts, scope, recognition and measurement
Report on Field Visits and Project Plan for Phase 1
Future renewal premiums and related expenses on insurance contracts
Performance linked contracts, different insurance accounting models
Measurement objectives
Discussion on Draft Statement of Principles
Project Plan, Discussion on Draft Statement of Principles
Educational Session, Scope of the Project, Definition of Insurance Contracts
Adoption of Work Plan
Status Update