Getting closer to the finish line

This paper provides a status update on the IASB's insurance contracts project. The project has been a focus of attention and discussion for several years. 2007 was a particularly busy year with the publication of a Discussion Paper in May which elicited a high level of response. Now, a few months after the closure of the comment period for the Discussion Paper, and after the IASB staff have considered those responses in some detail, we can draw breath and consider the nature of the responses, along with reflecting on some other developments affecting the project. Accordingly, we hope that this paper will put readers in a better position to look forward and assess what the future holds in the area of insurance accounting.