Since 2002 the designation "International Financial Reporting Standards" (IFRS) applies to the overall framework of all standards approved by the International Accounting Standards Board (IASB).

On May 18, 2017, the International Accounting Standards Board (IASB) published IFRS 17, the new accounting standard for insurance contracts. Starting in 2021, IFRS 17 will establish a first truly uniform set of rules for the accounting of insurance contracts issued by capital market-oriented companies.