IFRS 9 and Insurance: Difference between pages

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International Financial Reporting Standard 9, dealing with financial instruments.
''Risk management - transferring & pooling risk.''


IFRS 9 became mandatory for accounting periods starting on or after 1 January 2018.
A contract designed to provide protection against specified types of risk or loss, by paying out to the insured party in the event that the insured loss occurs.  
 
 
Insurance is generally provided by specialist insurance companies, to whom an insurance premium is paid by the insured in advance.
It largely replaced IAS 39 'Financial Instruments: Recognition and Measurement'.  




== See also ==
== See also ==
* [[Fair Value Adjustment]]
* [[Assurance]]
* [[Financial instrument]]
* [[Captive insurance company]]
* [[Hedge accounting]]
* [[Chartered Insurance Institute]]
* [[IAS 32]]
* [[Financial Conduct Authority]]
* [[IAS 39]]
* [[Fixing instrument]]
* [[IFRS 9 hedge accounting reforms: a closer reflection of risk management?]]
* [[Force majeure]]
* [[Impairment]]
* [[GI]]
* [[Recognition]]
* [[Hedging]]
* [[HMO]]
* [[IAIS]]
* [[ILS]]
* [[Insurable]]
* [[Insurance risk]]
* [[Insure]]
* [[Option]]
* [[Premium]]
* [[Price walking]]
* [[Reinsurance]]
* [[Risk]]
* [[Risk management]]
* [[Risk response]]
* [[Trade credit insurance]]
* [[Transfer]]
* [[Underwriting]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Financial_risk_management]]
[[Category:Compliance_and_audit]]

Revision as of 00:54, 18 August 2021

Risk management - transferring & pooling risk.

A contract designed to provide protection against specified types of risk or loss, by paying out to the insured party in the event that the insured loss occurs.

Insurance is generally provided by specialist insurance companies, to whom an insurance premium is paid by the insured in advance.


See also