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IFRS Newsletter: Insurance

Jul 01, 2016
From the Financial Reporting Network and the IFRS Institute

The June 2016, Issue 55 of KPMG ISG’s IFRS Newsletter: Insurance highlights the June IASB meeting, at which the Board discussed issues that arose during the balloting process of the forthcoming insurance contracts standard, including considerations that affect measurement of, and adjustments to, the contractual service margin, insurance finance income and expenses, and accounting for reinsurance contracts.

The Board is continuing its balloting process for the new standard. It expects to discuss the effective date in the third quarter of 2016, and to issue the final standard around the end of 2016.

Read KPMG ISG's IFRS Newsletter: Insurance