Hot Topic | April 2020


Potential accounting and disclosure impacts of COVID-19 on insurance recoveries

Companies may hold business interruption, event cancellation or workers' compensation insurance policies. KPMG highlights when insurance recoveries can be recognized, as well as measurement, presentation and disclosure guidance.


  • All companies 

Relevant dates

  • Effective immediately

Key impacts

  • Not all insurance policies may cover COVID-19 related losses and costs. 
  • Insurance recoveries are recognized only when specific criteria have been met, which can be as late as when the claim is settled.

Report contents

  • Background
  • Understand policy coverage
  • Determine when to recognize recoveries and gains
  • Other accounting considerations


Spotlight on contributors

Valerie Boissou

Valerie Boissou

Partner, Dept. of Professional Practice, KPMG US

Rika Tanaka

Rika Tanaka

Managing Director, Dept. of Professional Practice, KPMG US



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