GIM2000 - Accounting framework
This section provides guidance on the accounting standards that apply to general insurers, and on the format of accounts.
|
Accounting framework: background |
|
|
Insurance Accounts Directive |
|
|
Company law |
|
|
Association of British Insurers (ABI): Statement of Recommended Practice (SORP) |
|
|
Association of British Insurers: Statements of Recommended Practice 1990, 1998, 2003 and 2005 |
|
|
International Financial Reporting Standards (IFRS) |
|
|
Interaction of International Financial Reporting Standards (IFRS) and company law |
|
|
General principles of insurance accounting |
|
|
Annual accounting: general |
|
|
Annual accounting: comparison of accident year and underwriting year reporting: example |
|
|
Annual accounting: Unearned Premium Provision (UPP) |
|
|
Annual accounting: Unearned Premium Provision (UPP): example |
|
|
Annual accounting: Deferred Acquisition Costs (DAC) |
|
|
Annual accounting: provision for costs of running-off business |
|
|
Annual accounting: Unexpired Risks Provision (URP) |
|
|
Funded accounting: general |
|
|
Funded accounting: open and closed years |
|
|
Technical provisions |
|
|
Equalisation reserves |
|
|
Discounting of provisions or reserves |
|
|
Investment income |
|
|
Example of annual accounting |
|
|
Example of funded accounting |
