Summary of the Model for Insurance Contracts without Participation Features
The IASB’s summary of the model for insurance contracts without participation features is now available.
In addition, the following has been updated on the Insurance Contracts project website:
Insurance Contracts: Project Overview (Summary of the progress to date)
Due Process Overview (Key Due Process steps undertaken to date)
Due Process Steps (As per the IASB: “[This] shows how the IASB has complied to date, since publication of the 2013 Exposure Draft Insurance Contracts, with the due process steps required to finalize the Standard on insurance contracts in accordance with the Due Process Handbook.”)
What are your thoughts regarding the Due Process?