Special newsletter on insurance Discussion Paper
20 Jun 2007
Deloitte's IFRS Global Office has published a special edition of our IAS Plus Newsletter titled Phase II of IFRS for Insurance Contracts – IASB Discussion Paper.
On 3 May 2007, the IASB released for comment a Discussion Paper on accounting for insurance and reinsurance contracts (the DP). This is the second phase of the insurance contracts project which in 2005 introduced IFRS 4 Insurance Contracts. The proposals set out in the DP would introduce fundamental changes to insurance accounting and focus on market-consistent measurement of insurance liabilities. This will affect the way investors, regulators, and other stakeholders assess the insurance industry. This special edition of our IAS Plus newsletter, prepared by insurance specialists, summarises and comments on the measurement issues raised in the DP.
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