Discussion of the IFRS exposure draft for insurance contracts

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By Nick Kinrade , Scott Mitchell, William C. Hines, Henny Verheugen | 09 September 2010

The International Accounting Standards Board's long-awaited exposure draft on insurance contracts includes proposals on the recognition, measurement, presentation, and disclosure of the contracts. This paper examines the major features of the exposure draft and some key implications of its proposals, and also notes some of the key differences of opinion remaining between the IASB and the Financial Accounting Standards Board.