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How is trade credit insurance considered in IFRS?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

How is trade credit insurance considered in IFRS?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

The health system of USA is so complicated that I fail to understand the need for such things. These private health insurance companies have only made matters worse. I am extremely disappointed with their performances.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Following an IASB amendment regarding IFRS 4 Insurance Contracts and IAS 39 Financial Instruments, trade credit insurance contracts can be accounted for under the Standard for Insurance Contracts (IFRS 4)

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