Related Discussions

• Insurance contracts

• Jun 11, 2013

• The IFRS Advisory Council received a presentation on the status of the IASB's insurance project, the expected comment period and plans for outreach during the comment period and redeliberations.

• IASB projects review

• Jun 10, 2013

• Sue Lloyd and Alan Teixeira provided the IFRS Advisory Council with a review the current work of the IASB.

• Report of the Due Process Oversight Committee

• Apr 11, 2013

• The Due Process Oversight Committee provided an update on its review of the insurance and hedging projects.

• Update from the IASB

• Apr 11, 2013

• A report was given by Chairman Hans Hoogervorst on the Accounting Standards Advisory Forum, the Effects Analysis working group, and updates on current projects.

• Overview of the last four months - Jurisdiction news

• Feb 25, 2013

• In their review of developments in their jurisdiction or constituency, members noted some matters of general interest.

• Insurance contracts (IASB only)

• Feb 19, 2013

• The Board discussed the balloting process for the revised Exposure Draft on accounting for insurance contracts and supported the Staff's recommendations on the accounting on transition for insurance contracts that were acquired through a business combination.

• Insurance contracts (IASB only)

• Jan 31, 2013

• The January 31st paper for the IASB (Paper 2C) considered sweep issues that were raised by respondents to the ED or are unintended consequences identified as a result of the IASB’s tentative decisions.

• Insurance contracts (IASB and FASB)

• Jan 30, 2013

• In this joint meeting, IASB and FASB discussed how insurers applying the building block approach should allocate insurance contract revenue between periods if there is a change in the estimates of the pattern of expected claims and how the amount of insurance contract revenue remaining to be earned in the future for contracts in force as of the transition date should be determined.

• Insurance contracts

• Dec 14, 2012

• The Board discussed and decided on the residual margin measurement of insurance contracts and the impairment of reinsurance contracts in the financial statements.

• Insurance contracts (IASB only)

• Nov 21, 2012

• The IASB met in a separate session to discuss the presentation and disclosure requirements for insurance, reinsurance and participating contracts in the next Exposure Draft (ED), the issue of whether at the transition date of the new standard it should be required to disclose the current period line amounts under the previous IFRS 4 accounting regime, and the proposed fieldwork that the Staff intends to undertake after publishing the revised Exposure Draft.

• Insurance contracts (IASB/FASB)

• Nov 20, 2012

• The IASB and FASB considered (1) the discount rate for contract where the cash flows to which mirroring does not apply are affected by expected asset returns (2) the presentation of changes in discount rate for contracts whose cash flows to are not subject to the mirroring approach and are affected by asset returns.

• Insurance contracts

• Oct 19, 2012

• The IASB discussed financial instruments with participating features and the transitional requirements of the final insurance standard and their interaction with the requirements and effective date of IFRS 9 'Financial Instruments'.

• Insurance contracts

• Oct 17, 2012

• The session was devoted to three topics: (1) Presentation of Premiums and Claims/Benefits in the Statement of Comprehensive Income, (2) Presentation in Statement of Comprehensive Income for Non-Claims Fulfilment Costs and (3) Presentation in Statement of Comprehensive Income for Acquisition Costs.

• Insurance contracts

• Oct 15, 2012

• The IASB and FASB jointly discussed the discount rate in the premium allocation approach and participating contracts.

• Insurance contracts — Education session

• Oct 15, 2012

• The IASB held an education session on the presentation of insurance contracts and related expenses in the statement of comprehensive income.

• Insurance contracts

• Sep 26, 2012

• The Board discussed (1) accretion of interest for the residual margin, (2) disclosures and (3) a decision on the form of the IASB due process.

• Insurance contracts (education session)

• Sep 25, 2012

• The IASB members discussed several questions regarding accretion of interest on the residual margin. The staff also presented a package of proposed disclosures and sought comment on these as a whole.

• Insurance contracts

• Sep 24, 2012

• The Boards discussed (1) accounting of acquisitions costs incurred before a contract’s coverage period, (2) transitional requirements and (3) discount rates.

• Insurance contracts

• Jul 16, 2012

• The staff updated the IASB on the input received from the Insurance Working Group (IWG) meeting held on 25-26 June 2012.

• Insurance contracts (IASB only)

• Jun 14, 2012

• IASB members held an education session to discuss the treatment of acquisition costs, in order to give a directional steer to the staff.

• Insurance contracts

• Jun 12, 2012

• The IASB and FASB held two separate insurance sessions: (1) a two hour educational session on measuring earned premiums (2) a one hour decision making meeting on the allocation of cash flows to the unbundled component.

• Insurance contracts

• May 24, 2012

• The IASB and FASB discussed use of other comprehensive income (OCI) and acquisition costs (ACs) and agenda papers scheduled to be discussed for the meeting.

• Insurance contracts — Education session

• May 23, 2012

• The IASB continued its discussions on the use of other comprehensive income

• Insurance contracts

• May 22, 2012

• The IASB discussed whether to abandon the risk adjustment.

• Insurance contracts

• May 22, 2012

• The morning session was dedicated to unbundling. Both the IASB and FASB felt they wanted to bring back for consideration the issue as to whether unbundling was still appropriate in some situations where the elements are distinct and not interrelated.