IFRS 4 (Phase II) for insurance contracts

Revised exposure draft

IFRS 4 (Phase II) objective is to deliver the first comprehensive IFRS on accounting for insurance contracts.

This new accounting model is based on a transparent approach that uses current measures and accounts for profit as insurers fulfill their obligations towards their policyholders.


In June 2013, the IASB published the revised exposure draft on insurance contracts. The key areas of focus of this exposure draft relate to the approach to transition and proposals on presentation and measurement.

Whilst the IFRS 4 (Phase II) requirements are still being finalised, Deloitte has already organised an IFRS 4 (Phase II) seminar to discuss the technical requirements, potential impacts and changes in profit reporting. The exposure draft requirements were also compared to the latest Solvency II developments.

Download the presentation
Did you find this useful?