Insurance contracts – Participating contracts | KPMG | IM
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Insurance contracts – Participating contracts: Three key issues

Insurance contracts – Participating contracts

The IASB continues to consider how the general insurance contracts model will accommodate contracts with participating features.


Key Contact

Director: Audit

KPMG in the Isle of Man


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This month’s education session discussed three key issues.

  • Should the contractual service margin be adjusted (‘unlocked’) to reflect changes in an entity’s share of underlying items? If so, then how and for which contracts?
  • How should the CSM be recognised in profit or loss?
  • How should an entity determine interest expense to be presented in profit or loss or, if it is permitted, in other comprehensive income? 

For each question, our IFRS Newsletter: Insurance summarises the staff recommendations and discussions with Board members. 

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