Next Insurance Contracts Decision-making Meetings

Sarah Woodman, Global events journalist
February 22, 2012 /

During 27-29 February 2012, the IASB and FASB will meet in London to continue their discussions on the Insurance Contracts project.

The boards will consider the eligibility criteria and mechanics for the premium allocation approach, following the education session held during the January meeting, whether to modify the measurement of liabilities for infrequent, high-severity events, a continuation of their discussion from the December meeting on the mechanics for determining and measuring onerous contracts, and further consideration of the criteria on when to unbundle goods and services from insurance contracts.

The IASB will also discuss whether financial instruments with discretionary participation features should be in the scope of the forthcoming insurance or financial instrument standard.


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