413 definitions found
AASB 1023
Definition
19.1[28]
policyholder means a party that has a right to compensation under an insurance contract if an insured event occurs …
AASB 1023
Definition
19.1[29]
premium means the amount charged in relation to accepting risk from the insured, but does not include amounts collected on behalf of third …
AASB 1023
Definition
19.1[30]
reinsurance assets means a cedant’s net contractual rights under a reinsurance contract …
AASB 1023
Definition
19.1[31]
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 1023
Definition
19.1[32]
reinsurer means the party that has an obligation under a reinsurance contract to compensate a cedant if an insured event occurs …
AASB 1023
Definition
19.1[33]
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 1023
Definition
19.1[34]
unbundle means to treat the components of a contract as if they were separate contracts …
AASB 1023
Definition
19.1[35]
weather derivative means a contract that requires payment based on climatic, geological or other physical variables …
AASB 4
Definition
A[2]
A contractual component that is not accounted for as a derivative under AASB 9 and would be within the scope of AASB 9 if it were a separate …