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Insurance Accounting Newsletter — Issue 24, March 2012

Published on: 05 Mar 2012

This edition is titled Old disagreements and new delays make convergence uncertain.

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.