Отражение на МСФО 17 Застрахователни договори и МСФО 9 Финансови инструменти при представяне на отчета за финансовото състояние на застрахователните дружества
The Impact of IFRS 17 Insurance Contracts and IFRS 9 Financial Instruments in Presenting the Statement of Financial Position of Insurance Companies

Author(s): Atanaska Filipova-Slancheva
Subject(s): Economy, Accounting - Business Administration
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: insurance companies; a statement of financial position; IFRS 17 Insurance Contracts; IFRS 9 Financial Instruments
Summary/Abstract: The information presented in general purpose financial statements of insurers is particularly important both at national and global level because of their institutional nature. The qualitative and organizational aspects of the financial statements of insurance companies are relevant and in the interest of a wide range of stakeholders – regulators, investors, insured, insurers, among others. With the application of the two standards IFRS 17 Insurance Contracts and IFRS 9 Financial Instruments from 2023, the insurance sector in Bulgaria is facing serious new challenges. That is why the purpose of this publication is to present structurally the statement of financial position of insurance companies with the application of both standards and to outline the differences from the applicable financial statements. Due to limitations in the scope of this publication, the author is limited to presenting only the statement of financial position and not all components of general purpose financial statements prepared and presented by insurance companies in Bulgaria.

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