457 definitions found
AASB 1038
Definition
20.1[8]
general insurance contract means an insurance contract that is not a life insurance contract …
AASB 1038
Definition
20.1[9]
guaranteed benefits means payments or other benefits to which a particular policyholder or investor has an unconditional right that is not subject to the contractual discretion of the …
AASB 1038
Definition
20.1[10]
guaranteed element means an obligation to pay guaranteed benefits included in a contract that contains a discretionary participation …
AASB 1038
Definition
20.1[11]
insurance asset means an insurer’s net contractual rights under an insurance contract …
AASB 1038
Definition
20.1[12]
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 1038
Definition
20.1[13]
insurance liability means an insurer’s net contractual obligations under an insurance contract …
AASB 1038
Definition
20.1[14]
insurance risk means risk, other than financial risk, transferred from the holder of a contract to the issuer …
AASB 1038
Definition
20.1[15]
insured event means an uncertain future event covered by an insurance contract and creates insurance risk …
AASB 1038
Definition
20.1[16]
insurer means the party that has an obligation under an insurance contract to compensate a policyholder if an insured event occurs …
AASB 1038
Definition
20.1[17]
investment-linked means where the benefit amount under a life insurance contract or life investment contract is directly linked to the market value of the investments held in the particular investment-linked …