Skip to main content
The Actuary: The magazine of the Institute and Faculty of Actuaries - return to the homepage Logo of The Actuary website
  • Search
  • Visit The Actuary Magazine on Facebook
  • Visit The Actuary Magazine on LinkedIn
  • Visit @TheActuaryMag on Twitter
Visit the website of the Institute and Faculty of Actuaries Logo of the Institute and Faculty of Actuaries

Main navigation

  • News
  • Features
    • General Features
    • Interviews
    • Students
    • Opinion
  • Topics
  • Knowledge
    • Business Skills
    • Careers
    • Events
    • Predictions by The Actuary
    • Whitepapers
    • Webinars
    • Podcasts
  • Jobs
  • IFoA
    • CEO Comment
    • IFoA News
    • People & Social News
    • President Comment
  • Archive
Quick links:
  • Home
  • The Actuary Issues
  • August 2013
08

Exposure draft ushers in a new era in insurance accounting

Open-access content Wednesday 31st July 2013 — updated 9.20pm, Thursday 2nd April 2020

The International Accounting Standards Board (IASB) published a revised Insurance Contracts Exposure Draft on 20 June 2013 in response to the comments it received concerning the 2010 draft. The proposed standard will replace IFRS 4, which currently permits a wide variety of practices in accounting for insurance contracts across the globe. The proposals present a significant change from current practice in the UK and will affect both life and non-life insurers.

The Financial Reporting Group (FRG) of the IFoA will host an open forum on 12 September to discuss the draft. Andrea Pryde, insurance contracts project leader at the IASB, will provide an overview of the draft at this event, with particular focus on areas of re-exposure. The FRG is developing the response of the IFoA, and members of this group will provide initial views on the draft for discussion at the meeting.

The open forum will take place at Staple Inn Hall, London WC1V 7Q on 12 September from 5pm to 8pm. 

 For more information on this event and how to sign-up, go to bit.ly/10MxaUZ 

 To view the draft, see bit.ly/15vSu2O

This article appeared in our August 2013 issue of The Actuary.
Click here to view this issue
Filed in:
08

You might also like...

Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

Senior Underwriting Risk Manager

London (Central)
£85K-£95K + Benefits
Reference
124386

Reserving Manager (Contract)

London (Central)
£1200 - £1400 per day
Reference
124385

Life Actuary - Contract - IFRS 17 Financial Impact

England, London / England, Bristol / North Yorkshire, England
£900 - £1150 per day
Reference
124384
See all jobs »
 
 

Today's top reads

 
 

Sign up to our newsletter

News, jobs and updates

Sign up

Subscribe to The Actuary

Receive the print edition straight to your door

Subscribe
Spread-iPad-slantB-june.png

Topics

  • Data Science
  • Investment
  • Risk & ERM
  • Pensions
  • Environment
  • Soft skills
  • General Insurance
  • Regulation Standards
  • Health care
  • Technology
  • Reinsurance
  • Global
  • Life insurance
​
FOLLOW US
The Actuary on LinkedIn
@TheActuaryMag on Twitter
Facebook: The Actuary Magazine
CONTACT US
The Actuary
Tel: (+44) 020 7880 6200
​

IFoA

About IFoA
Become an actuary
IFoA Events
About membership

Information

Privacy Policy
Terms & Conditions
Cookie Policy
Think Green

Get in touch

Contact us
Advertise with us
Subscribe to The Actuary Magazine
Contribute

The Actuary Jobs

Actuarial job search
Pensions jobs
General insurance jobs
Solvency II jobs

© 2022 The Actuary. The Actuary is published on behalf of the Institute and Faculty of Actuaries by Redactive Publishing Limited. All rights reserved. Reproduction of any part is not allowed without written permission.

Redactive Media Group Ltd, 71-75 Shelton Street, London WC2H 9JQ