The IFRS 17 sets out principles for the recognition, measurement, presentation and disclosure of insurance contracts within the scope of IFRS 17. The translated book further deals with the treatment of the financial statements, recognized amounts, insurance financial costs, transition amounts, significant judgement in implementing IFRS 17, nature and extent of risks that arise from contracts within the scope of IFRS 17, concentrations of risks, sensitivity analysis of insurance and market risks.

The differences between various jurisprudent systems, investment products, and the analysis for comparing insurers’ activities are difficult. The majority of beneficiaries including insurers have arrived to a consensus that due to the complex and long term nature of insurance risks, a global accounting standard is required for insurance contracts.

The book is intended to help Iran insurance industry in its path to implement IFRS standards as it is discussed and further highlighted by the insurance supervisory organization.

Those interested can purchase the book from IRC Bookstore at the address: 43, West Sarv St., SaadatAbad, Tehran, Iran - Postal Code: 19395-4499 or access IRC online shop at: https://bookstore.irc.ac.ir.