467 definitions found
AASB 1038
Definition
20.1[29]
reinsurance assets means a cedant’s net contractual rights under a reinsurance contract …
AASB 1038
Definition
20.1[30]
reinsurance contract means an insurance contract issued by one insurer ( the reinsurer ) to compensate another insurer (the cedant ) for losses on one or more contracts issued by the …
AASB 1038
Definition
20.1[31]
reinsurer means the party that has an obligation under a reinsurance contract to compensate a cedant if an insured event occurs …
AASB 1038
Definition
20.1[32]
separate financial statements are those presented by a parent, an investor in an associate or a venturer in a joint venture, in which the investments are accounted for on the basis of the direct equity interest rather than on the basis of the reported …
AASB 1038
Definition
20.1[33]
statutory fund means a statutory fund under the Life Insurance Act 1995 …
AASB 1038
Definition
20.1[34]
unbundle means to account for the components of a contract as if they were separate contracts …
AASB 1023
Definition
19.1[8]
direct insurance contract means an insurance contract that is not a reinsurance contract …
AASB 1023
Definition
19.1[9]
fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. (See AASB 13 …
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 …