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.
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.
IASB proposes to move IFRS 9 date to 2015
The IASB has published an ED proposing to defer the mandatory effective date of IFRS 9 to annual periods beginning on or after 1 January 2015. How might this impact insurers like you? We explain.
The impact of IFRS 9 on insurers
The development of a new standard to replace IFRS 4 Insurance Contracts and the publication of IFRS 9 Financial Instruments by the IASB will profoundly change accounting for insurers. Use this publication to gain insights into the expected impact so you can plan accordingly.
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.
