IFRS – Insurance

IFRS – Insurance

KPMG’s insights on accounting change for insurers.

KPMG’s insights on accounting change for insurers.

Considerable accounting changes for insurers on the way

The IASB’s insurance contracts project aims to increase transparency and to reduce diversity in the accounting for insurance contracts. The final standard is expected to be published in the first half of 2017 and it would be applied for annual periods beginning on or after 1 January 2021

The magnitude of evolving insurance accounting change should not be underestimated, particularly when considering the impact of the new financial instruments and revenue standards. If insurers start planning now, the wave of change could open up opportunities for synergies.

Our materials will help you understand the evolving proposals and assess the potential impact on your company. Look out for further updates.

 

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IFRS 15 for insurers

Insurers should prepare for the impact on their business of the new revenue standard.

 
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Navigating the new world: Preparing for insurance accounting change

IFRS insurance contracts standard will have far reaching impacts for life and P&C insurers and reinsurers.

 
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Viewpoint: Level of aggregation

Find out more about one of the key drivers of profit recognition in the new model.

 
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IFRS 9 for insurers

The new financial instruments standard is part of a sea-change in reporting for insurers.

 
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Opening the black box – Demystifying IFRS 4 Phase 2

Through illustrative examples using one of the components of a complete set of IFRS financial statements.

 
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IFRS Newsletter: Insurance

Issue 56 – Setting the stage for a final standard.

 
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IFRS – Financial instruments

KPMG’s insights on evolving accounting practice for financial instruments.

 
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