Специфични принципи, подходи и методи за оценка и признаване на активите и пасивите на застрахователите
Specific Principles, Approaches and Methods for Measurement and Recognition of Insurers’ Assets and Liabilities

Author(s): Maia Natchkova
Subject(s): Economy, Accounting - Business Administration
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: insurers; assets; liabilities; measurement; recognition
Summary/Abstract: The specific principles, approaches and methods for measurement and recognition of insurers’ assets and liabilities are provided for in their accounting policy in strict ob servance of the International Accounting Standards/ International Financial Reporting Standards (IAS/ IFRS), Directive 2009/138/ЕC (Solvency II), in accordance with the Ac counting Act, the Code of Insurance and the relevant legal regulations of the state insur ance supervision authority. The calculation of the best estimate of insurers’ assets and li abilities is based on relevant and reliable information and realistic assumptions with the use of appropriate actuary and statistics methods. The best estimate calculation requires the use of deterministic methods based on observed history data to which no simulations have been applied, which suggests the use of stochastic methods. The purpose is to avoid any data authenticity and suitability-related restrictions arising from the various insur ance products offered and from the various risks covered by the insurers.The object of this study covers the specific principles, approaches and methods for measurement and recognition of insurers’ assets and liabilities, and its subject covers the insurers’ abilities to develop internal procedures and rules that ensure that data used for the measurement and recognition of their assets and liabilities are appropriate, full, reliable and meet the legal requirements.

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