1. [Quick overview](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-1)
1.1. [Summary](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-1-2)
1.1.1. Basis of FRS 103
1.1.2. Organisation of FRS 103
2. [Scope and definitions](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-2)
2.1. [Scope](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-2-1)
2.2. [Key definitions](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-2-2)
2.3. [Definition of an insurance contract](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-2-3)
2.3.1. Uncertain future event
2.3.2. Payments in kind
2.3.3. Distinction between insurance risk and other risks
2.3.4. Significant insurance risk
2.3.5. Changes in the level of insurance risk
3. [Current issues and further resources](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-5)
3.1. [Impact of Ukraine war and Russian sanctions](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-5-1)
3.2. [Covid-19 considerations](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-5-2)
3.3. [Further resources](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-5-3)
4. [Presentation and disclosure](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-4)
4.1. [Presentation of insurer financial statements](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-4-1)
4.2. [Disclosure by insurers](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-4-2)
4.3. [Accounting policies](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-4-)
4.4. [Explanation of recognised amounts from insurance contracts](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-4-4)
4.5. [Nature and extent of risks arising from insurance contracts](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-4-5)
4.6. [Financial instruments, other than insurance contracts, containing discretionary participation features](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-4-6)
4.7. [Additional requirements for with-profits business](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-4-7)
4.8. [Capital disclosures for entities with long-term insurance business](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-4-8)
5. [Recognition and measurement](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-3)
5.1. [Applying recognition and measurement requirements](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-3-1)
5.1.1. Insurance-related financial statement balances
5.2. [Changes in accounting policy](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-3-2)
5.2.1. Current market interest rates
5.2.2. Continuation of existing practices
5.2.3. Prudence
5.2.4. Future investment margins
5.2.5. Shadow accounting
5.3. [Exemption from some requirements of FRS 102](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-3-3)
5.3.1. Liability adequacy test
5.3.2. Impairment of reinsurance assets
5.4. [Embedded derivatives in insurance contracts](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-3-4)
5.5. [Unbundling of deposit components](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-3-5)
5.6. [Foreign currency insurance contract assets and liabilities](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-3-6)
5.7. [Insurance contracts acquired in a business combination or portfolio transfer](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-3-7)
5.8. [Discretionary participation features](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-3-8)
5.9. [Recognition in the Income Statement for entities required to maintain a non-technical account](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-3-9)
5.9.1. Exchange differences
5.9.2. Employee benefits
5.10. [Requirements for entities with long-term insurance business](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-3-10)
5.10.1. Gross written premiums
5.10.2. Claims
5.10.3. Deferred acquisition costs
5.10.4. Measurement of with-profits liabilities and related assets
5.10.5. Value of in-force life assurance business
5.10.6. Implementation Guidance
5.11. [Guidance on requirements for entities with general insurance business](https://library.croneri.co.uk/cch_uk/nuk102-02/infs1-3-11)
5.11.1. Gross written premiums
5.11.2. Claims
5.11.3. Discounting
5.11.4. Unexpired risks provision
5.11.5. Portfolio premiums and claims
5.11.6. Deferred acquisition costs