United States

FASB Proposes Targeted Improvements for Long-Duration Insurance Contracts

Oct 12, 2016
From the Financial Reporting View

This edition of Issues & Trends In Insurance reports that FASB recently proposed changing how insurance entities recognize, measure, present, and disclose long-duration insurance contracts. The proposed Accounting Standards Update would apply to only those insurance entities within the scope of U.S. GAAP guidance on accounting for insurance contracts, and would exclude holders of insurance contracts and non-insurance entities.

Read FASB Proposes Targeted Improvements for Long-Duration Insurance Contracts