Insurance Accounting Newsletters

Our Insurance Accounting Newsletters provide regular updates on progress progress being made by the IASB and FASB in their joint project on insurance contracts.

Related Publications

Insurance Accounting Newsletter — Issue 31, March 2015

16 Mar, 2015

This edition is titled 'The IASB completes its decisions on how to account for all non-participating insurance contracts'.

Insurance Accounting Newsletter — Issue 30, May 2014

21 May, 2014

This edition is titled 'IASB redeliberations start apace: decisions on CSM unlocking, OCI solution and revenue presentation achieved in two months'.

Insurance Accounting Newsletter — Issue 27, November 2012

29 Nov, 2012

This edition is titled 'Greater certainty on the roadmap to the new IFRSs comes with a likely end of IFRS-US GAAP convergence on insurance'.

Insurance Accounting Newsletter — Issue 26, August 2012

05 Sep, 2012

This edition is titled 'The OCI solution is in and convergence is increasingly out'.

Insurance Accounting Newsletter — Issue 25, June 2012

15 Jun, 2012

This edition is titled 'Convergence on insurance still at risk despite progress made in recent months'.

Insurance Accounting Newsletter — Issue 24, March 2012

05 Mar, 2012

The IASB and the FASB have had one joint meeting and each has held a few education sessions. Several core issues such as, the unit of account and consideration of risk diversification, discounting of claims liability, onerous contracts and issues relating to participating contracts have been discussed and progress has been made on most of them.

Insurance Accounting Newsletter — Issue 23, December 2011

21 Dec, 2011

This edition is titled 'Refining divergent positions and a gleam of hope from IFRS 9 planned revisions'. The IASB and the FASB continue to remain divided on the fundamental issues of accounting for the uncertainty surrounding insurance risk and the associated emergence of profit from in-force business. However, in November the IASB unanimously agreed to consider targeted improvements for IFRS 9 'Financial Instruments'.