IASB issued IFRS 17 – Insurance Contracts

The International Accounting Standards Board has issued IFRS 17 Insurance Contracts. This first truly international IFRS Standard for insurance contracts will help investors and others better understand insurers’ risk exposure, profitability and financial position. History of the project (Summery) Date Development 1997 IASC stated project on Insurance contract September 2001 Added to the IASB’s agenda [...]