8538 Reinsurance

Münchener Rückversicherungs-Gesellschaft AG Monitor

Münchener Rückversicherungs-Gesellschaft AG Annual Report 2017
CR Monitor Issue: 
2018/0724
Company covered: 
Münchener Rückversicherungs-Gesellschaft AG
Period End: 
31 December, 2017
Report issued on 31 July 2018 covered the following practice issues:
Pronouncements
Enhanced disclosure in respect of the impacts of new accounting standards including IFRS 17 "Insurance contracts", IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Change
Change in classification of interest receivable not due.
Pronouncements
Presentation of a reconciliation of movements in liabilities arising form financing activities following adoption of an amendment to IAS 7 "Statement of cash flows".
Pronouncements
Discussion of key audit matters included in the audit report.
Change
Change in segmental reporting structure linked to discontinuation of a business.
Change
Recognition of impairment reversal in respect of deferred acquisition costs.

Münchener Rückversicherungs-Gesellschaft AG Monitor

Münchener Rückversicherungs-Gesellschaft AG Annual Report 2014
CR Monitor Issue: 
2015/0510
Company covered: 
Münchener Rückversicherungs-Gesellschaft AG
Period End: 
31 December 2014
Report issued on 22 May 2015 covered the following practice issues:
Divergence
Loss exposure to unconsolidated structured entities disclosed as "usually" equal to carrying amount.
Restatement
Some liabilities reclassified, with no impact on equity.
Change
Segmental reporting restructured to separate primary insurance and reinsurance.

Münchener Rückversicherungs-Gesellschaft AG Period End 31 December 2010

Münchener Rückversicherungs-Gesellschaft AG Annual Report 2010
CR Monitor Issue: 
2011/0507
Company covered: 
Münchener Rückversicherungs-Gesellschaft AG
Period End: 
31 December 2010
Report issued on 10 May 2011 covered the following practice issues:
Inconsistent
Allocation of goodwill to cash-generating units conflicts with IFRS.
Divergence
Disclosures of use of judgments and estimates do not follow IFRS in full.
Change
Change of classification of cash flows from changes in ownership interests in subsidiaries that do not result in a loss of control.
Change
Transfers into and out of Level 3 fair value measurement now explained.
Change
Maturity analysis of tax loss carryforwards expanded.

Impairment tests - Münchener Rückversicherungs-Gesellschaft AG

Period End: 
31 December 2010
Period End Date: 
2010-12-31
Listing Status: 
S&P Europe 350
ICB Industry Classification: 
8538 Reinsurance
Auditor: 
KPMG