Latest content

More News » More Analysis »

Risk insights from outer space

Satellite and drone technology has transformed the ability of re/insurers to assess risks and losses from natural catastrophes, as Dave Fox explains

Capital models: run, review, repeat

Recent surveys by consultancies Willis Towers Watson and PwC have revealed how UK life insurers have revised their approach to capital modelling. Christopher Cundy reports on some of the highlights

Roundtable

How to obtain maximum value from internal models

In part two of this InsuranceERM / Willis Towers Watson roundtable, participants discuss their approaches to model usage, their ambitions for the model of the future and ways to improve model efficiency.

Eric Cioppa, the regulator's regulator

Maine's superintendent of insurance has taken on the mantle of NAIC president for 2019. He talks to Sarfraz Thind about regulatory priorities and how he will marshal the 50 states to reach a common view

Market Insight

More »

Fostering diversity and an inclusive culture

Insurance companies must continue to build diverse workforces and create inclusive cultures. Patricia Renzi explains how real progress can be made by aggressively changing the culture and taking a multi-faceted approach

Analysis

More »

US life firms under pressure from accounting overhaul

It has been billed as the biggest change in US accounting rules for decades. But reportage of the new US GAAP LDTI standard remains sparse. Since coming into effect in August, with an implementation deadline of 2021, companies have been scrambling to assess the impact. Sarfraz Thind reports

Rebel with a cause

Former UK insurance regulator Dean Buckner has become an influential blogger with a big ambition: correcting the illogical and unethical aspects of financial markets supervision. He talks to Christopher Cundy about equity release mortgages, Solvency II and IFRS 17

Awards

More »

IFRS 17 Essentials

More »

Make IFRS 17 work for your business

Over recent months, there has been growing pressure on the International Accounting Standards Board (IASB) to push back the introduction of the IFRS 17 accounting standard for insurance contracts. Now, with the board voting to delay the implementation date until 1 January 2022, how can you use the deferment to your advantage – and gain additional business value from compliance? With practical advice and firsthand insights, follow FIS' guide to getting more from IFRS 17 by transforming your operations.

IFRS 17 - Benefits of High-Performance and Scalable Technology

Implementing the IFRS 17 reporting standard means insurers will need to contend with multiple data sources, large data volumes and intensive calculations. Consequently, as IBM explains, insurance providers will require platforms built for performance, scalability and ease of data integration. Andrew Dansereau, PhD, FSA, CFA; Paolo Laureti, PhD; Stephen Wang, MEng, FRM explain

Aggregation and diversification of the IFRS 17 Risk Adjustment

Under IFRS 17 the risk adjustment for non-financial risk is "...the compensation an entity requires for bearing the uncertainty about the amount and timing of the cash flows that arises from non-financial risks as the entity fulfils insurance contracts". The calculation method is not prescribed and is the choice of the insurance company, subject to the principles detailed in paragraphs B91 and B92 of the standard.

Events

More »

IFRS 17 Conference

As firms delve deeper into their IFRS 17 projects and the implementation deadline looms, the enormity of the task ahead is becoming more and more apparent

Insurance Asset Risk EMEA 2019

Insurance Asset Risk is pleased to announce that our sixth annual Insurance Asset Risk conference will take place in London on 12 June 2019.

Technology

Roundtable

How to insure a warming world

What effect will climate change have on the insurance industry, and what can insurers do to mitigate climate risk? Participants in part two of this roundtable from InsuranceERM and DWS discuss the strategic transformations that are needed, and the influence of voluntary and regulatory initiatives on this process