13 paragraphs found in AASB 1023
… the insured event is the discovery of a loss during the term of the contract, even if the loss arises from an event … the insured event is an event that occurs during the term of the contract, even if the resulting loss is discovered after the end of the contract term. …
… objective rates that relate to the nature, structure and term of the future obligations. …
… Portfolio transfer is a term used to describe the process by which premiums and …
… Changes in Accounting Estimates and Errors explains the term “impracticable”. …
… that the cedant may not receive amounts due to it under the terms of the contract; and (b) that event has a reliably …
… have yet to be reported to the insurer. The latter are termed claims incurred but not reported (IBNR claims). The …
… , are discount rates, inflation rates, average weighted term to settlement from the claims reporting date, average … average claim size and expense rates. The insurer determines whether these assumptions shall be disclosed given …
… be using the services of an insurance broker, the renewal terms could be agreed by both the insurer and policyholder …
… The following terms are defined in AASB 9 or AASB 132 and are used in this …
… information about sensitivity, and information about those terms and conditions of insurance contracts that have a …