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November 2008 |
The Working Group provides input for a number of topics; for example candidate measurement approaches, discount rates and changes in insurance liabilities. |
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April 2008 |
The Working Group provides input for a number of issues that followed from the responses to the discussion paper. |
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February 2008 |
The Board begins its review of responses to the discussion paper Preliminary Views on Insurance Contracts.
The Board decides not to hold public round-table meetings at this stage of the project, noting that the members of its Insurance Working Group supply input from a wide range of perspectives. |
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November 2007 |
The Board discusses the process for dealing with the topic of accounting by policyholders for their rights under insurance contracts (‘policyholder accounting’). At this stage, the Board expects to deal with policyholder accounting in an exposure draft without first publishing a discussion paper. |
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August 2007 |
The US Financial Accounting Standards Board (FASB) issues an Invitation to Comment on whether the FASB should add to its agenda a joint project with the IASB to develop a comprehensive standard on accounting for insurance contracts. For information on the FASB’s Invitation to Comment, click here. |
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September 2004 |
The Board creates a working group to advise it on the project. |
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May 2004 |
The Board issues a Discussion Paper Preliminary Views on Insurance Contracts. |
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Mid-2004 |
The Board takes up phase II of the project. Presentations from outside parties to the Board follow from than on.
Click here for a list of topics covered in Board education sessions. |
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March 2004 |
By issuing IFRS 4 Insurance contracts the Board complete phase I of the project (for Frequently Asked Questions on IFRS 4 click here ) |
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January 2003 |
Work on the project is suspended due to other priorities. |
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May 2002 |
The Board splits the project into two phases |
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2001-2002 |
Selected Board members and staff carry out field visits to 19 insurers in nine countries |
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July 2001 |
The IASB (formed in March 2001) takes over the project from its predecessor body and adds the project to its technical agenda. |
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December 1999 |
The Steering Committee reviews the comment letters and concludes its work in 2001 by developing a report to the IASB in the form of a Draft Statement of Principles (DSOP)
The IASC Steering Committee publishes an Issues Paper, which attracts 138 comment letters |
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1997 |
The Board’s predecessor, the IASC, sets up a Steering Committee in 1997 to carry out the initial work on an Insurance project. |