FINANCIAL REPORTING OF THE EFFECTS OF CLIMATE CHANGE ON INSURANCE CONTRACTS AND TFRS 17 STANDARD-Reference-Cited by-同舟云学术

FINANCIAL REPORTING OF THE EFFECTS OF CLIMATE CHANGE ON INSURANCE CONTRACTS AND TFRS 17 STANDARD

Published:2022-06-22 Issue: Volume: Page:
ISSN:1307-6639
Container-title:Muhasebe ve Denetime Bakış
language:tr
Short-container-title:Bakış

Author:

ARZOVA Sabrı Burak¹,ŞAHİN Bertaç Şakir²

Affiliation:

1. MARMARA ÜNİVERSİTESİ

2. Yıldız Teknik Üniversitesi

Abstract

The risks caused by climate change include economic, social, political and public health problems beyond physical effects. One of the important tools that used to protect against the financial effects of these risks is insurance activities. The insurance industry needs an accurate and risk-based reporting process in order to manage the effects of climate change, which includes risks and opportunities for insurance sector. In this study, the financial impact of climate change on insurance contracts is examined in terms of TFRS 17 Insurance Contracts standard. Including non-financial risk factors in the measurement process and reporting similar contracts as group contracts are positive regulations of standard in terms of reporting the financial effects of climate change.

Publisher

Turkiye Serbest Muhasebeci Mali Musavirler ve Yeminli Mali Musavirler Odalari Birligi

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