One of the most substantial IASB projects in the last years has been the "Insurance Contracts" project. The work on this project started in 1997. In May 2007 the board achieved a milestone by publishing a discussion paper with preliminary views on insurance contracts. The board invited the public to comment on this paper until 16 November 2007. A total of 162 comment letters was sent. After reviewing these comments, the board published an adjusted exposure draft in July 2010. Currently the IASB

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... is reviewing the comment letters on this exposure draft and is working together with the FASB on developing a final standard replacing the existing IFRS 4 soon. This thesis focuses on the contents of and comments on the second half of the DP. The analysis showed that there is no group that generally always agrees or always disagrees with the board's view. The opinions within most of the groups are heterogeneous. Most differences in the arguments are due to the nature of the commenters. The three building blocks and the CEV are the most controversial topics discussed in the comment letters. Most commenters support the CEV approach but there is criticism on the proposed determination of the CEV. There is a tendency towards supporting most of the board's views on the second half of the DP. All in all, the commenters value highly the board's efforts on developing an own standard for insurance contracts and support the board's proposals in principle.