A view on the IASB’s work on accounting for insurance contracts and financial instruments

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Peter Wright, United-Kingdom
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Summary:
In this paper the author looks at the progress being made with the IASB’s insurance project and related work in connection with financial instruments. The practical issues with Phase 1 of the project are considered, together with the work of the IAA in producing International Actuarial Standards of Practice. Comments are included on the discussions (to August 2005) concerning Phase 2 of the project and the possible links between Phase 2 and insurance solvency standards.
 
Date: 29 May - Time: 16:30 to 18:00 - Room: 252A
Theme: 2.B. The point of view and the role of the actuaries with respect to the new accounting standards