Insurance Accounting Alert: developments from IASB and FASB
The International Accounting Standards Board and the Financial Accounting Standards Board of the United States (the IASB and the FASB) continue to make progress towards their joint objective of a uniform, global insurance contracts standard. Our monthly Insurance Accounting Alert keeps you current on these ongoing activities and how they could affect your business.
- April 2013: Boards discuss allocation of insurance contracts revenue
- January 2013: End-of-year talks clarify decisions on contracts, residual margins
- November 2012: Boards continue to deliberate insurance contracts standard
- October 2012: Boards discuss recognition of acquisition costs
- July 2012: Boards discuss allocation of cash flows
- June 2012: Boards discuss insurance liabilities changes
- May 2012: Boards discuss reinsurance accounting
- April 2012: Boards agree on separation of investment component
- March 2012: Boards make decisions on the premium allocation approach
- February 2012: Boards debate premium allocation approach
- December 2011: Boards discuss onerous contract testing
- November 2011: IASB considers limited improvements to IFRS 9
- November 2011: Boards discuss fixed-fee service contracts
- October 2011: Boards discuss risk adjustment and composite margin
- July 2011: Boards define acquisition costs
- June 2011: Boards discuss reinsurance topics
- April 2011: Boards make further progress
- March 2011: Supplement, redeliberations continue
- February 2011: Supplement, making progress
- February 2011: Redeliberations begin
- September 2010: FASB's preliminary views
- July 2010: IASB releases ED
- May 2010: Final ED approaches
- April 2010: Boards continue deliberations
- February 2010: Field testing
- January 2010: Risk adjustment