IFRS illustrative financial statements – insurance

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10 Feb 2009

The Deloitte UK Insurance Centre of Excellence has published illustrative 2008 IFRS financial statements for an insurance group.

The disclosures are based on IFRSs issued at 31 October 2008 and effective for years beginning on or after 1 January 2008. The statements are not intended to include 'model' disclosures covering all circumstances but, rather, to indicate the type of disclosure required. The nature and amount of disclosure will depend on the underlying business, the extent and complexity of financial instruments and insurance contracts, and how they are managed. Special references are made to disclosures that might be associated with the credit crunch and the recent IASB pronouncements on financial instruments, but further specific consideration by insurers will be needed. A copy of Deloitte's disclosure checklist for IFRS 4 and IFRS 7 is included at the end of the document. Click to download Delto Insurance Group plc – Illustrative Financial Statements and Selected Disclosures for the Year Ended 31 December 2008 (PDF 676k). There's a permanent link on our Model Financial Statements Page.


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