This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Insurance Accounting Newsletter — Issue 23, December 2011

Published on: 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.