FRS 103

UK accounting.

Financial Reporting Standard 103 Insurance Contracts concerns the consolidated accounting and reporting requirements for entities in the UK and Republic of Ireland issuing insurance.

This applies to reporting periods starting on or after 1 January 2015.

This standard is relevant to entities applying FRS 102 (whether or not they are ‘insurance companies’) regarding insurance contracts that the entity issues and reinsurance contracts that the entity hold.

See also

• FRS 100
• FRS 101
• FRS 102