Insurance – IFRS 9 deferral for insurers
Insurance – IFRS 9 deferral for insurers
A number of decisions have been reached on the IASB’s planned response to the differing effective dates of the forthcoming insurance contracts standard and IFRS 9 Financial Instruments.
Many decisions were also reached on participating contracts. The Board focused on:
- disaggregating changes in participating contracts caused by changes in market variables; and
- addressing accounting mismatches arising from hedging activities for direct participating contracts.
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