IASB publishes educational material on insurance contracts issued by mutual entities

The IASB published educational materials for insurance contracts issued by mutual entities, available here, as part of their support activities to the implementation of IFRS 17 Insurance Contracts. 

https://www.ifrs.org/-/media/feature/supporting-implementation/ifrs-17/ifrs-17-and-mutual-entities.pdf?la=en&hash=F7C65A9E78E0373F95C4104726E2EC7738F97549

This 12 page document covers:

• what a mutual entity is;
• accounting for contracts issued by a mutual entity; and
• whether a mutual entity could have equity.

This educational material has been prepared by staff in response to implementation questions submitted to the Transition Resource Group for IFRS 17 regarding how IFRS 17 applies to insurance contracts issued by a mutual entity