Accounting for the insurance industry
Accounting for the insurance industry is a specialist area that requires expertise and an understanding of the sector. On this page you can access a range of articles, books and online resources providing quick links to practical guidance and background knowledge, including the Statement of Recommended Practice on Accounting for Insurance Business.
What's on this page?
- Statements of Recommended Practice
- Useful links
- Online articles
- Books and articles from the library
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Statements of Recommended Practice
Full text sources for the SORP and associated guidance
ABI Statement of Recommended Practice on Accounting for Insurance Business
Full text of the SORP issued by the Association of British Insurers, as published on 20 December 2005 and amended on 21 December 2006.
The accounting standard FRS 103 issued in March 2014 states that the ABI SORP will be withdrawn ‘once FRS 103 is effective’ for accounting periods beginning on or after 1 January 2015.
Illustrative financial statements for a general insurance group
Consolidated financial statements produced by PWC for a fictional insurance group applying FRS 102 and FRS 103, with year end 31 December 2015. Includes an illustrative auditor's report.
Insurance Reporting Round-up: Survey based on the 2013 year-end results of major European insurers
Report from KPMG presenting the results of a survey of financial statements of major European insurance groups.
Articles are available to logged-in ICAEW members, ACA students and other entitled users.
Articles and books in the Library collection
To find out how you can borrow books from the Library please see our guide to book loans. You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.
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