Insurers are scrutinizing a draft paper on insurance contracts issued by the International Accounting Standards Board, in London, for the impact on U.S. business.
The topic of insurance contracts is also being examined by the Financial Accounting Standards Board, Norwalk, Conn., in an effort to decide whether to make the effort a joint project with the IASB.
The IASB draft proposes guidance that incorporates a fair value approach to recognizing liabilities. IASB cited three building blocks to its proposal:
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
