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US cyber insurance: plugging-in to growth

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

Australia raises its game on wildfire loss models

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

Awards

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Winners revealed in InsuranceERM Awards 2018/19

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

Analysis

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The unstoppable rise of insurtech in China

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

European regulators outline Brexit mitigation measures

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

Market Insight

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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

IFRS 17 Essentials

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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

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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

People

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