IFRS – International Financial Reporting Standards

IFRS – International Financial Reporting Standards

• ifrs.org/
  • IASB – International Accounting Standards Board

• ifrs.org/issued-standards/list-of-standards/ifrs-17-insurance-contracts/
  • 2020 06 – CIA/ICA – Draft Educational Note: IFRS 17 Discount Rates for Life and Health Insurance Contracts – 56p

• APPENDIX – The nature of contracts with discretionary participating features
  • US² – In the US, almost all participating business is sold by mutual insurance companies.
    • In addition, certain Universal Life Contracts, while often non-participating in contract form, do have discretionary elements similar to participating contracts and we believe they should be treated similarly to Participating Contracts.

 —  2006 1221 – Letter – GNAIE to IASB – re: IASB consideration of Insurance Contracts Phase II: Unconditional obligation requirements in relation to the accounting for future participating benefits – 9p