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.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

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

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.