General standards inapplicable to insurance, existing frameworks for insurance unsuitable

الملخص EN

The IASB published for public comment revised proposals for the accounting for insurance contracts.

where significant changes were made including some of the major proposals in the 2010 ED.

These changes improve consistency with other IFRS standards.

however, they add complexity and do not reflect appropriately the mid to long term business model of insurance.

the study also concluded that the insurance contract project has made great progress over the past years, but there are still many practical and conceptual challenges.