10 April 2018

Investor Perspectives: Insurance Contracts—Accounting to reflect economics

In May 2017, the International Accounting Standards Board (Board) issued IFRS 17 Insurance Contracts. This new IFRS Standard replaces the requirements for accounting for insurance contracts in IFRS 4 Insurance Contracts from 1 January 2021.

In our latest article, Board member Darrel Scott offers his perspective on the new information about insurers’ financial performance that will be available when IFRS 17 is applied. The article discusses what is a unit of account and why the unit of account in IFRS 17 matters to investors. Some examples are also included for this purpose.

Click here for the article and here for more information about our investor activities.

Current and past issues of the Investor Perspective can be accessed here.

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