Rozpoznawanie przychodów ze sprzedaży produktów ubezpieczeniowych w księgach rachunkowych banków
The recognition of insurance revenues in bank bookkeeping

Summary/Abstract: This paper covers the topic of recognition and revenue settlement of bank operations from bancassurance products. Banks account for insurance commission revenues in a markedly different manner, when it comes to the range of methods in calculating an effective interest rate that determines balance sheet valuation levels on loan receivables. Poland’s Financial Supervision Authority (KNF) developed a draft project on a new market standard for banks’ insurance activities, which was formally passed in June 2014 as new Recommendation U, concerning best practice in bank insurance model ranges. KNF developed the regulation to bring order to banks’ accounting basics for insurance commissions, leading to the standardisation in the basics of outstanding credit valuations and in determining financial results. This article attempts to assess the impact of different accounting rules for insurance commissions on banks’ financial results.

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