232 definitions found
AASB 1023
Definition
19.1[13]
general insurer means an insurer that writes general insurance contracts …
AASB 1023
Definition
19.1[14]
general reinsurance contract means a reinsurance contract that is not a life reinsurance contract …
AASB 1023
Definition
19.1[15]
insurance asset means an insurer’s net contractual rights under an insurance contract …
AASB 1023
Definition
19.1[16]
insurance contract means a contract under which one party (the insurer) accepts significant insurance risk from another party (the policyholder) by agreeing to compensate the policyholder if a specified uncertain future event (the insured event) adversely …
AASB 1023
Definition
19.1[17]
insurance liability means an insurer’s net contractual obligations under an insurance contract …
AASB 1023
Definition
19.1[18]
insurance risk means risk, other than financial risk, transferred from the holder of a contract to the issuer …
AASB 1023
Definition
19.1[19]
insured event means an uncertain future event covered by an insurance contract and creates insurance risk …
AASB 1023
Definition
19.1[20]
insurer means the party that has an obligation under an insurance contract to compensate a policyholder if an insured event occurs …
AASB 1023
Definition
19.1[21]
inwards reinsurance means reinsurance contracts written by reinsurers …
AASB 1023
Definition
19.1[22]
liability adequacy test means an assessment of whether the carrying amount of an insurance liability needs to be increased (or the carrying amount of the related deferred acquisition costs or related intangible assets decreased) based on a review of …