IMPACTS OF IFRS 17 INSURANCE CONTRACTS

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Authors

  • Rümeysa Karataş

Keywords:

IFRS, accounting standards, insurance contracts, financial statement

Abstract

An insurance contract is a contract in which the insurer, in exchange for a premium, undertakes to compensate for the occurrence of a hazard, risk, or other act that damages a person's measurable interest in money, or to pay a sum or perform other acts due to the life span of one or more persons or certain events that have occurred in their lives. International Financial Reporting Standards 4 (IFRS 4) is the first application to regulate insurance contracts and is published in 2004. IFRS 17 is published by the International Accounting Standards Board (IASB). In this study, the changes that IFRS 17 proposes to be made to insurance contracts is explained.

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Published

2022-08-19

How to Cite

Karataş, R. (2022). IMPACTS OF IFRS 17 INSURANCE CONTRACTS. International Journal of Natural and Engineering Sciences, 16(2), 83–92. Retrieved from https://ijnes.org/index.php/ijnes/article/view/684

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