IFRS 4 applies to all insurance contracts (including reinsurance contracts) that an entity issues and to reinsurance contracts that it holds, except for specified contracts covered by other Standards.

IFRS 4 is the International Financial Reporting Standard for insurance contracts, providing guidelines on accounting for insurance obligations.

IFRS 4 © IFRS Foundation 1 International Financial Reporting Standard 4 Insurance Contracts Objective 1 The objective of this IFRS is to specify the financial reporting for insurance contracts by any entity that issues such contracts (described in this IFRS as an insurer) until the Board completes the second phase of

IFRS 4 is an International Financial Reporting Standard (IFRS) issued by the International Accounting Standards Board (IASB) providing guidance for the accounting of insurance contracts. The standard was issued in March 2004, and was amended in 2005 to clarify that the standard covers most financial guarantee contracts . [ 1 ]

Note that IFRS 4 is an interim Standard resulting from phase 1 of the International Accounting Standards Board's project on insurance contracts and is intended to apply only until an entity adopts IFRS 17.

1. Introduction to IFRS 4 Phase II – Four key concepts for Non-Life Insurers 2. Measurement Model – Building Block Approach – Onerous Contracts Test 3. Practical Considerations – Pricing Optimisation IFRS - Acronyms • IFRS - International Financial Reporting Standards • IASB - International Accounting Standards Board

The objective of IFRS 4 is to specify the financial reporting for insurance contracts by any entity that issues such contracts (described in IFRS 4 as an insurer).

IFRS 4 Insurance Contracts The objective of this IFRS is to specify the financial reporting for insurance contracts by any entity that issues such contracts (described in this IFRS as an insurer) until the Board completes the second phase of its project on insurance contracts. In …

In 2014 and 2015, the IASB has changed course ... Initial recognition (It’s the same!) HOWEVER, this causes an issue where an entity uses a derivative instrument to protect itself from financial risk arising from guarantees or options embedded within a product.

2023年1月1日 · IFRS 4 Insurance Contracts provides guidance on the accounting treatment of all insurance contracts except for specific contracts covered by other standards. This page provides information on the standard and recent amendments, alongside ICAEW factsheets and guides.