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Three emerging risks for the 2020s

Andrew Smith, chief risk officer at Qatar Re, discusses three less-discussed risks for insurers that are set to emerge over the next decade

Hong Kong insurers eye Greater Bay Area opportunities

Hong Kong fancies itself as the risk management hub of the Greater Bay Area, thanks to a young but dynamic regulator and its technological knowhow. Vincent Huck reports from the Asian Insurance Forum

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IFRS 17 Essentials

Technology Perspectives from the IFRS 17 Journey

As the implementation deadline for IFRS 17 in 2022 draws ever nearer, the insurance industry is in the midst of preparing for the standard. However companies are at various stages of preparedness from having already started implementation to just preparing the gap analysis or selecting technology vendors.

The march to IFRS 17 compliance

While it feels like IFRS 17 has been a part of the insurance conversation for quite some time, it was just over 18 months ago that FWD Group ("FWD") became one of the world's first insurers to select a technology solution to address the new standard. Since then, the insurance industry, vendor community, and the standard itself have evolved quite a bit.

Sensitivity and Dynamics of IFRS 17 Illiquidity Premia

Under IFRS 17, insurers are required to discount the value of their liabilities using a discount curve that reflects the cash flows and liquidity of those liabilities. The standard does not prescribe the method by which this discount curve is calculated, but does offer general principles for constructing a curve by either a "bottom-up" or "top-down" method.

Data rankings

Access for free the top 20 EEA insurers by gross written premiums and assets in 2018 – sourced from InsuranceERM’s data and research arm, Insurance Risk Data.

Benefits of Insurance Risk Data
Insurance Risk Data contains data from 2,500 + European insurance companies, plus a comprehensive digital library of SFCR reports and complete QRT data.

Analysis

IFRS 17: twists and turns in the home straight

Cintia Cheong examines stakeholders' preliminary views of the IASB's redeliberations and previews the final stages of development of the insurance contracts accounting standard

Making scenario planning meaningful, effective and manageable

An expert panel at InsuranceERM's Regulation & Risk Management conference on 3 December in London shared their advice on stress and scenario planning, an activity that has become increasingly important for risk teams as they play a greater role in business strategy

Eiopa's Gabriel Bernardino: climate disclosures will become mandatory

Gabriel Bernardino, chair of the European Insurance and Occupational Pensions Authority (Eiopa) joined InsuranceERM's Insurance Risk and Capital EMEA conference earlier this month. In a Q&A with Christopher Cundy, he answered questions about climate change, the Solvency II review and conduct risk

Events

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IFRS 17 Conference 2020

InsuranceERM is delighted to announce that the 2nd IFRS 17 conference will take place on 13 February in London.

Insurance Risk & Capital Asia 2020

InsuranceERM is pleased to announce that the inaugural Insurance Risk & Capital Asia conference will take place on 26 February 2020 in Hong Kong.

Technology Guide 2019

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The 2019 Enterprise Risk Management Technology Guide features entries for over 90 products from over 50 vendors. Entries are searchable by type of system, platform and other features. The guide also includes corporate statements from vendors describing their products and approaches to helping insurers manage risk and capital.

Focus on the USA

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US casualty reserves: courting disaster?

Rising claims and shrinking reserves in the US casualty business have led to speculation about an impending crisis. Could it really get that bad? Sarfraz Thind investigates

IAIS Abu Dhabi: Why the Treasury and NAIC returned different ICS conclusions

"Team USA" voiced wildly divergent tones in their reaction to the ICS talks in Abu Dhabi last week. But, despite their strong statements, the US negotiators appear to be in accordance over zero implementation of IAIS's capital accord and the potential to move forward with compromise. Sarfraz Thind reports

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