IFRS Project Insights — Insurance contracts
IFRS Project Insights provide a quick overview of the key projects of the IASB, with a summary of the current status, key decisions and proposals, key considerations for entities and the next steps expected in the project.
During March 2014, the IASB discussed various Staff recommendations for the insurance contracts project, specifically (1) unlocking of the contractual service margin (CSM) and (2) recognising changes in the discount rate in other comprehensive income (OCI). The Staff noted that participating contracts would not be discussed at this meeting and would be addressed at a future meeting.
Last updated: 10 April 2014