324 definitions found
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 …
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 …