Page 119 - IC46 addendum

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evaluate the nature and extent of risks
arising from insurance contracts -
a. Financial statements
b. Monitory statements
c. Audited statements
d. Audited accounts

28. An insurer shall disclose information that
identifies and explains the amount in its
financial statements arising from
insurance contracts. The insurer shall
disclose:

a. Its accounting policies for insurance contracts
and related assets, liabilities, income and
expenses.

b. Recognised assets, liabilities, income and
expenses arising from insurance contracts.

c. Process used to determine the assumptions
that have the greatest effect on measurement
of the recognised amounts.

d. Effect of changes in assets used to measure
insurance assets.

e. Also should be disclosed.

29. To comply with IND AS ____an insurer
shall at the acquisition date, measure at

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