Open Forum: The Future of UK GAAP for Insurers
On 30 January 2012, the Accounting Standards Board (ASB) published future UK GAAP proposals, including an insurance accounting discussion paper setting out four options for the interim period between the adoption of Solvency II and the adoption of IFRS 4 Phase II. This development will affect both life and non-life insurers and has particular relevance given some insurers are already taxed on a statutory accounting basis and others are to be taxed on this basis from 2013.The UK Actuarial Profession Financial Reporting Group (FRG) will cover these developments. We are delighted to welcome our guest speaker Seema Jamil-O’Neill, Project Director at the ASB and author of the insurance accounting discussion paper.
Who should attend?
Actuaries and non-actuaries (including accountants) who are interested in life and non-life insurance accounting developments.
Download the ASB's Insurance Accounting Discussion paper and the UKAP Financial Reporting Group's response to the discussion paper as further reading.
You can now listen to an audio recording of the session.