Insurance Contracts - IASB

Date recorded:

At its meeting on November 18, 2015, the IASB continued its discussions on its project on insurance contracts. In particular, the IASB considered the similarities and differences between the general model and the variable fee approach and three narrow consequential issues arising from the variable fee approach. The IASB expects to consider further how to specify the effect of discretion that would be recognized in the contractual service margin under the general model at a future meeting.

Review the IASB Update.

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