三是组织实施要求。强调贯彻实施新保险合同会计准则是落实党中央、国务院关于防范化解重大金融风 险要求的重要举措，要求相关企业从业务流程梳理、信息系统改造、管理制度完善和人员培训等方面做 好准则实施准备，明确各级财政部门、财政部各地监管局和金融监管总局及其派出机构做好准则的组织 实施、监管指导和政策协调等，共同推动新保险合同会计准则高质量实施。 本报讯 （记者韩昱）据财政部6月12日消息，为进一步加强对企业实施《企业会计准则第25号——保险 合同》（财会〔2020〕20号，以下简称新保险合同会计准则）的指导，财政部、金融监管总局近日联合 印发了《关于进一步贯彻落实新保险合同会计准则的通知》（财会〔2025〕12号，以下简称《通 知》）。 《通知》主要包括三部分内容：一是准则实施安排。明确在境内外同时上市和仅在境外上市并采用国际 财务报告准则或企业会计准则编制财务报表的企业，以及在本《通知》施行前根据财会〔2020〕20号已 提前执行的企业，应当继续执行新保险合同会计准则；执行企业会计准则的其他企业应当自2026年1月1 日起执行新保险合同会计准则，确有困难需暂缓执行的保险公司应当向财政部会计司和金融监管总局机 构 ...

为进一步加强对企业实施《企业会计准则第25号——保险合同》（以下简称"新保险合同会计准则"）的 指导，财政部、金融监管总局近日联合印发了《关于进一步贯彻落实新保险合同会计准则的通知》（以 下简称《通知》）。财政部会计司有关负责人就《通知》有关问题回答了记者的提问。 问：印发《通知》的背景是什么？ 答：2020年12月，财政部修订印发新保险合同会计准则，规定自2023年1月1日起在境内外同时上市以及 在境外上市并采用国际财务报告准则或企业会计准则编制财务报表的企业执行，其他执行企业会计准则 的企业自2026年1月1日起执行。从跟踪分析上市公司年报以及专项调研等了解的情况来看，首批执行新 保险合同会计准则的10家大型上市保险公司新旧准则转换总体平稳，新保险合同会计准则对其净资产和 净利润的影响符合预期，市场反应总体较好，认为新保险合同会计准则有利于如实反映保险公司财务状 况和经营成果，提升保险行业会计信息质量，推动保险公司强化经营管理，促进保险行业高质量发展。 同时，部分中小保险公司因历史数据积累有限、人才配备不足和信息系统改造成本较高等原因，希望我 部出台一些简化措施以降低准则实施的难度和成本。还有个别保险公司 ...

Core Viewpoint - The Ministry of Finance and the Financial Regulatory Administration have issued a notification to further implement the new insurance contract accounting standards, providing guidance and simplified options for non-listed companies [1][2][5]. Summary by Sections Implementation Arrangements - The notification details the implementation arrangements for the new insurance contract accounting standards, allowing non-listed companies to opt for simplified processing [2][5]. - Companies facing difficulties in executing the new standards must submit written explanations by June 30, 2025, and disclose the reasons in their financial statements [3][5]. Transition Timeline - The new insurance contract accounting standards were revised in December 2020, with a mandatory implementation date of January 1, 2023, for certain companies, while others must comply by January 1, 2026 [4][5]. - Companies that have already adopted the new standards must report their early implementation by June 30, 2025 [6]. Simplified Processing Provisions - The notification introduces simplified processing options for non-listed companies, effective from January 1, 2025, allowing them to choose one or more simplifications when first applying the new standards [7][9]. - Simplifications cover four main areas: 1. Grouping and recognition of insurance contracts [8] 2. Measurement of insurance contracts [8] 3. Presentation of insurance contracts [8] 4. Transition provisions for first-time application [9]. Impact on Financial Reporting - The simplified provisions aim to reduce the complexity and cost of implementation for non-listed companies, particularly smaller insurers facing challenges due to limited historical data and resources [5][11]. - The notification is designed to ensure that the quality of accounting information is not significantly affected, particularly for listed companies, thus maintaining consistency in financial reporting standards [10][11].

Core Viewpoint - The Ministry of Finance and the Financial Regulatory Administration issued a notice regarding the implementation of the new insurance contract accounting standards, allowing insurance companies facing difficulties to apply for a deferral of execution until June 30, 2025 [2][7]. Summary by Sections Implementation of New Accounting Standards - The new insurance contract accounting standards, revised in December 2020, are set to be implemented by all insurance companies by January 1, 2026, with some companies already adopting them since January 1, 2023 [3][4]. - As of the first quarter of 2025, 27 life insurance companies have already implemented the new standards [3]. Challenges for Small and Medium-sized Insurance Companies - The implementation of the new standards poses significant challenges for small and medium-sized insurance companies due to high costs, limited historical data, and insufficient talent [5][6]. - The cost of switching to the new standards is estimated to exceed ten million yuan, which raises concerns among smaller firms about the investment [5][6]. Simplified Processing Arrangements - The notice provides simplified processing options for non-listed insurance companies, allowing them to adopt simplified methods in areas such as contract grouping, measurement, and reporting [8][10]. - These simplifications aim to reduce implementation costs without significantly impacting accounting information quality or economic decision-making [10][11]. Impact on Financial Performance - The new standards will increase the sensitivity of insurance companies' performance to interest rates, which could adversely affect the net assets of many small insurance firms already under financial strain [6][9]. - The overall market reaction to the new standards has been positive, with expectations that they will enhance the quality of accounting information and promote high-quality development in the insurance industry [4][9].

Core Viewpoint - The issuance of the "Notice on Further Implementing the New Insurance Contract Accounting Standards" is a key measure to promote high-quality development in the insurance industry, providing detailed solutions for the implementation challenges faced by small and medium-sized insurance companies while aligning with international accounting standards [1][2]. Group 1: Implementation of New Standards - The new insurance contract accounting standards are seen as a significant reform in the financial reporting system of the Chinese insurance industry, marking an important step towards global accounting convergence [2]. - The new standards were revised and issued by the Ministry of Finance in December 2020, with implementation starting from January 1, 2023, for certain companies, while others will follow by January 1, 2026 [2][3]. - The initial implementation by ten large listed insurance companies has been smooth, with the impact on net assets and net profits aligning with expectations, leading to a generally positive market response [2][3]. Group 2: Support for Small and Medium-sized Enterprises - The "Notice" provides a timeline for different types of enterprises, allowing listed companies to continue with the new standards while non-listed companies can opt for simplified measures starting from January 1, 2025 [3]. - Companies facing difficulties in implementation can apply for a deferral until June 30, 2025, by submitting written explanations to the relevant authorities [3]. - Simplified processing options are tailored for non-listed enterprises, allowing them to choose one or more simplified accounting policies upon first implementation [3][6]. Group 3: Simplification Measures - Simplifications in the assessment of insurance contract profitability, cash flow asset recognition, and accounting treatment for contracts terminated due to policyholder withdrawals have been introduced [4]. - In terms of measurement, simplifications include provisions for policy loans, accrued interest, and adjustments for financial estimates in financial statements [4][5]. - Disclosure requirements have also been simplified, including adjustments for reinsurance contracts and fair value measurements [5]. Group 4: Impact and Future Outlook - The simplified measures aim to reduce the cost and complexity of implementing the new standards for small and medium-sized insurance companies, facilitating a smoother transition [6]. - The implementation of the new standards is viewed as essential for the high-quality development of the Chinese insurance industry, with the "Notice" providing transitional support for non-listed companies [6]. - As conditions improve, non-listed enterprises are expected to phase out the simplified measures, ensuring consistency in accounting practices across the industry [6].

Core Viewpoint - The Ministry of Finance and the Financial Regulatory Administration have jointly issued a notice to further implement the new insurance contract accounting standards, emphasizing the importance of these standards in mitigating major financial risks [1][2]. Implementation Arrangements - The notice specifies that companies listed both domestically and internationally, as well as those listed only abroad that use international financial reporting standards or enterprise accounting standards, must continue to apply the new insurance contract accounting standards. Other companies applying enterprise accounting standards are required to implement these standards starting January 1, 2026, unless they submit a written request for a delay to the Ministry of Finance and the Financial Regulatory Administration [1]. Simplified Processing Regulations - The notice outlines simplified processing regulations for non-listed companies regarding the grouping, recognition, measurement, and reporting of insurance contracts. It provides specific requirements for the selection and change of these simplified processing options [1]. Organizational Implementation Requirements - The notice emphasizes that the implementation of the new insurance contract accounting standards is a crucial measure to fulfill the central government's requirements for preventing and mitigating major financial risks. It calls for companies to prepare for implementation through business process restructuring, information system upgrades, management system improvements, and personnel training. It also highlights the roles of various financial departments and regulatory bodies in supporting the high-quality implementation of these standards [2].

Core Viewpoint - The notification aims to further guide the implementation of the new insurance contract accounting standards, enhancing the quality of financial reporting in the insurance industry and promoting high-quality development [12][18]. Implementation Arrangements - Companies listed both domestically and internationally, as well as those listed only abroad that adopt international financial reporting standards, must continue to implement the new insurance contract accounting standards from January 1, 2023. Other companies must comply by January 1, 2026, unless they submit a written request for a delay by June 30, 2025 [2][15]. - Companies that have already adopted the new standards prior to this notification must report their early adoption by June 30, 2025 [2]. Simplified Processing for Non-Listed Companies - Non-listed companies can choose to adopt simplified accounting policies when first implementing the new standards, effective from January 1, 2025 [3][15]. - Simplified processing includes grouping and recognition of insurance contracts, measurement, and reporting requirements [17]. Grouping and Recognition - Companies can assess the profitability of insurance contracts using updated market variables and reliable data, with annual updates required [3]. - Cash flows related to insurance acquisition can be allocated to the relevant contract groups without recognizing them as assets [3][4]. Measurement - Companies may separate certain cash flows from insurance contracts and measure them as financial assets or liabilities, while still applying the new standards for reporting [5][6]. - Non-listed companies can use industry-related information for measuring non-financial risk adjustments if reliable data is not available [5][6]. Reporting - If the net amount of reinsurance assets does not exceed 30% of the net insurance liabilities, companies may omit certain disclosures related to reinsurance [8][9]. - Companies can choose not to disclose certain amounts related to policyholder claims if they provide the total cash value of all life insurance business [9][10]. Transition Provisions - Companies can report comparative information for the most recent accounting year under the new standards without disclosing certain risk-related comparisons [9]. - Non-listed companies must consistently apply the simplified processing across all contracts within the scope of the new standards [10]. Organizational Implementation - The implementation of the new standards is crucial for accurately reflecting the financial status and operational results of insurance companies, thereby enhancing the quality of accounting information [10][18]. - Companies are encouraged to prepare for the transition by improving business processes, information systems, and training personnel [10][18]. - The Ministry of Finance and the Financial Regulatory Bureau will monitor the implementation and provide ongoing guidance [10][18].