IAG Commission 2

IAG Commission 2 refers to a specific set of guidelines and principles established by the International Accounting Standards Board (IASB) concerning the recognition and measurement of insurance contracts. It highlights the importance of transparency and consistency in reporting financial information related to insurance policies. By setting these standards, it aims to ensure that companies accurately report their liabilities and assets, providing clearer insights into their financial health for stakeholders, such as investors and regulators. This helps maintain trust and stability in the insurance market and facilitates effective decision-making.