What is Deferred Acquisition?
Deferred Acquisition Insurance industry shorthand for 'Deferred Acquisition Costs'—expenses incurred to acquire new and renewal insurance contracts, capitalized and amortized over the contract period in accordance with regulatory accounting (e.g., IFRS 17, US SAP).
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Deferred Acquisition” Used in Practice?
Deferred acquisition costs are capitalized and systematically expensed over the policy period as required by insurance accounting standards.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Deferred Acquisition?
Insurance industry shorthand for 'Deferred Acquisition Costs'—expenses incurred to acquire new and renewal insurance contracts, capitalized and amortized over the contract period in accordance with regulatory accounting (e.g., IFRS 17, US SAP).
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