GIM2000 - Accounting framework

This section provides guidance on the accounting standards that apply to general insurers, and on the format of accounts.

  1. GIM2010
    Accounting framework: background
  2. GIM2020
    Insurance Accounts Directive
  3. GIM2030
    Company law
  4. GIM2040
    Association of British Insurers (ABI): Statement of Recommended Practice (SORP)
  5. GIM2050
    Association of British Insurers: Statements of Recommended Practice 1990, 1998, 2003 and 2005
  6. GIM2060
    International Financial Reporting Standards (IFRS)
  7. GIM2070
    Interaction of International Financial Reporting Standards (IFRS) and company law
  8. GIM2080
    General principles of insurance accounting
  9. GIM2090
    Annual accounting: general
  10. GIM2091
    Annual accounting: comparison of accident year and underwriting year reporting: example
  11. GIM2100
    Annual accounting: Unearned Premium Provision (UPP)
  12. GIM2110
    Annual accounting: Unearned Premium Provision (UPP): example
  13. GIM2120
    Annual accounting: Deferred Acquisition Costs (DAC)
  14. GIM2125
    Annual accounting: provision for costs of running-off business
  15. GIM2130
    Annual accounting: Unexpired Risks Provision (URP)
  16. GIM2140
    Funded accounting: general
  17. GIM2150
    Funded accounting: open and closed years
  18. GIM2160
    Technical provisions
  19. GIM2170
    Equalisation reserves
  20. GIM2180
    Discounting of provisions or reserves
  21. GIM2190
    Investment income
  22. GIM2200
    Example of annual accounting
  23. GIM2210
    Example of funded accounting