Open Forum: Insurance Accounting - A New Era II?
This event is now fully booked. To be added to the waiting list please contact niki.park@actuaries.org.uk
On 20 June 2013, the International Accounting Standards Board (IASB) published a revised (second) Insurance Contracts Exposure Draft (ED) in response to the comments received on the 2010 ED. The proposed standard will replace IFRS 4, which currently permits a wide variety of practices in accounting for insurance contracts across the globe. The proposals present a significant change from current practice in the UK and will affect both life and non-life insurers. The comments period ends on 25 October 2013.
Andrea Pryde, Insurance Contracts Project Leader at the IASB, will provide an overview of the ED with particular focus on the areas of re-exposure. Members of the Institute and Faculty of Actuaries’ Financial Reporting Group (FRG) will then provide initial views on the ED for discussion at the meeting.
Who should attend?
Actuaries and non-actuaries (including accountants) who are interested in life and non-life insurance accounting developments.
Click the below link to access the papers.
Thank you to: Towers Watson, Deloitte, Grant Thornton, KPMG and PwC for sponsoring this event.