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IASB updates on the current state of the insurance project

  • IASB (International Accounting Standards Board) Image

Jan 04, 2013

At its December 2012 meeting, the IASB discussed unlocking the residual margin, proposals from preparers on a "floating residual margin," and impairment of reinsurance assets held by an insurer. The IASB has updated its Web site to reflect decisions made at this meeting.

Updates include:

  • A high-level summary presenting the current status of the insurance contracts project.
  • A high-level summary of the IASB's tentative decisions, showing where those decisions would affect the proposals in the exposure draft (ED) Insurance Contracts.
  • A detailed summary of how and where the proposals in the ED would change as a result of the IASB's and FASB's tentative decisions.
  • A podcast by Darrel Scott, IASB member, and Andrea Pryde, technical principal, on the developments made in the insurance contracts project during the meetings held in November 2012 and December 2012.

More information on the insurance contracts project can be found on our IAS Plus project page.

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