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2020-08-19T20:17:37Z

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{{this}} specifies some aspects of the financial reporting for insurance contracts by any entity that issues such contracts and has not yet applied [[t:IFRS17]].

An insurance contract is a contract under which one party (the insurer) accepts significant insurance risk from another party (the policyholder) by agreeing to compensate the policyholder if a specified uncertain future event (the insured event) adversely affects the policyholder.

{{this}} 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. It does not apply to other assets and liabilities of an insurer, such as financial assets and financial liabilities within the scope of [[t:IFRS09]]. Furthermore, it does not address accounting by policyholders.

{{this}} is Copyright: [https://IFRS.org IFRS Foundation]
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[[Category:Term]][[Category:Finance]]
{{Object
|name=IFRS 4 Insurance Contracts
|parent=t:IFRS
|sort=00004
|level=1
|keywords=IFRS, Standard, Financial, Reporting, GAAP
|description=IFRS 17 specifies some aspects of the financial reporting for insurance contracts by any entity that issues such contracts
}}

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