IDEAS home Printed from https://ideas.repec.org/a/pal/gpprii/v31y2006i3p512-527.html
   My bibliography  Save this article

A Reliable Fair Value for Insurance Contracts

Author

Listed:
  • Stefan Engel&aauml;nder

    (KPMG Deutsche Treuhandgesellschaft, Barbarossaplatz 1a, 50674 Cologne, Germany.)

  • Joachim Kölschbach

    (KPMG Deutsche Treuhandgesellschaft, Barbarossaplatz 1a, 50674 Cologne, Germany.)

Abstract

In 1997, the IASC (predecessor of today's International Accounting Standards Board – IASB) started a project on accounting for insurance contracts. At the end of 2001 and beginning of 2002, it published a Draft Statement of Principles (DSOP) for an International Financial Reporting Standard Insurance Contracts. This proposal was based on a fair value accounting on assets and liabilities arising from insurance contracts. Whereas a fair value is relatively easily applicable for financial instruments that are traded at active markets, the key problem for the measurement of insurance contracts is that there do not exist active markets. The proposal for a full fair value accounting for insurance entities did therefore not find a broad acceptance in the insurance industry.1 The IASB has now re-started the discussion of an International Financial Reporting Standard Insurance Contracts replacing the interim solution of IFRS 4. The Geneva Papers (2006) 31, 512–527. doi:10.1057/palgrave.gpp.2510093

Suggested Citation

  • Stefan Engel&aauml;nder & Joachim Kölschbach, 2006. "A Reliable Fair Value for Insurance Contracts," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 31(3), pages 512-527, July.
    • Handle: RePEc:pal:gpprii:v:31:y:2006:i:3:p:512-527
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/gpp/journal/v31/n3/pdf/2510093a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: http://www.palgrave-journals.com/gpp/journal/v31/n3/full/2510093a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:gpprii:v:31:y:2006:i:3:p:512-527. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.