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Insurance Accounting Newsletter — Issue 5, July 2009

Published on: 07 Jul 2009

This edition is entitled Current exit price off the table.

At its meeting on 18 June, the International Accounting Standards Board (IAS) abandoned the use of a Current Exit Price (CEP) model for the development of an IFRS for insurance contracts which aligns the IASB position with the position reached by the American Financial Accounting Standards Board (FASB) last February.

The FASB held an educational session on 24 June on risk margins which included a presentation by representatives of the International Actuarial Association.

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