UK insurtech investment hits $1bn
KPMG’s report shows market is maturing with fewer, but larger insurtech deals
KPMG’s report shows market is maturing with fewer, but larger insurtech deals
GDV advocates lower reporting requirements for well capitalised companies with lower risk profiles
Earnings up on strong underwriting, but investment results drag
There are strong forecasts for growth in the cyber insurance markets, but insurers have obstacles to surmount if they are to be successful. Sarfraz Thind reports
Erich Kruschitz, head of group finance of Uniqa, tells Cintia Cheong about the challenges the company faces with the implementation of IFRS 17 and 9 accounting standards
Bill announced, as RMS releases new US wildfire model
Australian insurer deals with fallout from Royal Commission investigation
Laws passed following Royal Commission report
Ten years ago, Australia suffered one of its worst outbreaks of bushfires that burned 300,000 hectares and took 173 lives. David Walker reports on how wildfire modelling has developed to cope with this increasing threat
Strong P&C performance behind €11.5bn operating profits in 2018
Parliament's suggested proposals for triggering “country component” are illegal
Ratio increased from 199% to 230% over 2018
The InsuranceERM Awards recognise the very best talents and achievements in risk and capital management across the European insurance industry. Read on to discover the winners and highly commended entries in this year's awards
Technology is driving growth in China's insurance markets, particularly among millennials, and investors remain keen to back insurtech firms despite continuing losses and potential regulatory challenges. Siyi Liu reports
As the threat of a no-deal Brexit becomes more likely, some EU countries are stepping up their preparations to ensure service continuity. Cintia Cheong spoke to regulators and governments in five big EU27 markets to find out what they have planned
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
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.
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
2018 has been a year of mobilisation within the industry, as Insurers across the world continue to build momentum in developing their plans to comply with the regulatory changes and processing challenges of IFRS 17.
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.
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 is pleased to announce that our sixth annual Insurance Asset Risk conference will take place in London on 12 June 2019.
InsuranceERM's exhaustive guide to the range of solutions for risk management, asset management and Solvency II - from risk and capital modelling software, to data, governance and reporting tools.
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
Peter Clarke will become chief operating officer in addition to his current duties
The floods in Townsville, in northeastern Queensland, have triggered 13,560 claims to date
Industry review is “basis for setting AMP’s future direction”, company says