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Insurance contracts - IASB

Date recorded:

On May 19, 2015, the International Accounting Standards Board held an education session in which it discussed the implications of the variable fee approach in the areas of (i) mutualization; (ii) revenue; and (iii) transition requirements.

In addition, the IASB also discussed (i) the accounting that would apply to contracts with participation features that would not be accounted for using the variable fee approach; (ii) whether to provide an accounting policy choice when an entity presents interest expense using the effective yield approach or the current period book yield approach; and (iii) an update from the staff on the interaction between IFRS 9, Financial Instruments and the Insurance Contracts project.

No decisions were made.

Review the IASB Update

Related Interpretations

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