383 definitions found
AASB 1023
Definition
19.1[10]
financial risk means the risk of a possible future change in one or more of a specified interest rate, financial instrument price, commodity price, foreign exchange rate, index of prices or rates, a credit rating or credit index or other variable, …
AASB 1023
Definition
19.1[11]
future claims means claims in respect of insured events that are expected to occur in future reporting periods under policies where the attachment date is prior to the end of the reporting …
AASB 1023
Definition
19.1[12]
general insurance contract means an insurance contract that is not a life insurance contract …
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 …