United States
Click the 'X' in the top right corner to close this window.
September status of the IASB/FASB insurance contracts project
 |
Both the IASB and the FASB have been debating the accounting for insurance contracts this year. Their timetable is to issue an exposure draft of new accounting guidance for insurance contracts in December 2009.
The attached paper contains PwC's observations on the debate at the IASB and the FASB and covers the following topics:
- Measurement approaches for liabilities
- Day 1 profit
- Probability weighted expected cash flows
- Policyholder behavior and contract boundaries
- Discounting
- Margins
- What to expect from now until December
- Potential impacts on insurers' financial results
Email to a colleague
Print-friendly version