IFRS insurance insights
We are increasingly living in a global economy—with trade and inbound and outbound investment a fact of life. It's no wonder capital markets have long advocated for globally recognized accounting standards.
Until recently, that common accounting language has been a missing link. Now, policymakers, lawmakers and regulators are working alongside standard-setters to provide a single set of high-quality, global accounting principles.
Benefit from our timely insights as your prepare for this transition.
Limited improvements to IFRS 9 for insurers
Now that the IASB has confirmed its intention to consider making limited improvements to the IFRS 9 classification and measurement model, they are working with the FASB to align more closely. What is the impact on your accounting models and when should you being adopting them? Find out here.
IFRS 10 Consolidated Financial Statements
In May 2011, the International Accounting Standards Board (the IASB) issued IFRS 10 Consolidated Financial Statements, which becomes effective for annual periods beginning on or after 1 January 2013. IFRS 10 must be applied retrospectively. Find out what you need to know to prepare accordingly.
Key components of discount rates for insurance contracts
The IASB and FASB both issued proposals for a new recognition and measurement model for insurance contracts in 2010. Both require the use of current discount rates that are consistent with observable market prices for instruments whose characteristics reflect those of the insurance contract liability. How will this affect insurers? Find out here.
IFRS / accounting change publication archive
Tap into our archive of thought leadership reports and gain insight into the evolution of IFRS / accounting change and its impact on the industry.
