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Friday 18 April 2014

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Insurance Contracts


 Insurance Contracts

The Insurance Contract project aims to provide a single principle-based Standard to account for all types of insurance contracts, including reinsurance contracts that an insurer holds. The project also aims to enhance comparability of financial reporting between entities, jurisdictions and capital markets. That comparability is largely lacking today because of various accounting practices that have developed in piecemeal fashion over many years.

Project stages

IASC deliberations

Consultation

Previous work done by the IASC.
Stage 1: completed 2001

Board deliberations

Issued documents

Stage 2: July 2001 to March 2004

Board deliberations

Issued documents

Stage 3: March 2004 to May 2007