Comparability and measurement issues: transition from IFRS 4 to IFRS 17 "Insurance contracts"
Rubrics: SCIENTIFIC ARTICLES
Authors:
1.
Federal State Budgetary Educational Institution of Higher Education "Financial University under the Government of the Russian Federation" Vladikavkaz Branch
2.
Financial University under the Government of the Russian Federation
(kafedra Audita i korporativnoy otchetnosti, docent)
employee
employee
Type:
Article
Pages:
from 233
to 236
Status:
Published
Received:
24.02.2026
Accepted:
04.03.2026
Published:
04.03.2026
Subject area:
UDC 368
Language:
English
Keywords:
IFRS 4, IFRS 17, insurance contracts, comparability of reporting, insurance company.
Abstract:
The article examines the issues of the previous insurance contracts accounting standard, IFRS 4, which led to the development of the new standard IFRS 17. The authors focus on the key shortcomings of IFRS 4, including the lack of uniform requirements for measuring liabilities, which made insurers' financial reporting incomparable. The solution to these problems in IFRS 17 through the introduction of clear principles for contract grouping for measurement is analyzed in detail. Three grouping criteria are considered: by homogeneity of risks, sale date, and profitability (with the identification of onerous contracts). The article also touches upon the impact of the transition to the new standard on Russian accounting practices under the requirements of the Bank of Russia.
The article examines the issues of the previous insurance contracts accounting standard, IFRS 4, which led to the development of the new standard IFRS 17. The authors focus on the key shortcomings of IFRS 4, including the lack of uniform requirements for measuring liabilities, which made insurers' financial reporting incomparable. The solution to these problems in IFRS 17 through the introduction of clear principles for contract grouping for measurement is analyzed in detail. Three grouping criteria are considered: by homogeneity of risks, sale date, and profitability (with the identification of onerous contracts). The article also touches upon the impact of the transition to the new standard on Russian accounting practices under the requirements of the Bank of Russia.
Keywords:
IFRS 4, IFRS 17, insurance contracts, comparability of reporting, insurance company.
IFRS 4, IFRS 17, insurance contracts, comparability of reporting, insurance company.
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