332 definitions found
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 …
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 …