EY Canada to establish excellence hub for insurers
The centre will help insurers with regulatory change and digital transformation
The centre will help insurers with regulatory change and digital transformation
He will join from local workplace pension fund
IAA publishes non-binding document to help actuaries familiarise with subject
Satellite and drone technology has transformed the ability of re/insurers to assess risks and losses from natural catastrophes, as Dave Fox explains
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
US passenger auto portfolio securitised by Ledger Capital Markets, bought by AlphaCat Managers
Mactavish uncovers substantial issues with cyber policy wording
Federal Reserve's Randal Quarles says the move to greater international regulation is overdue
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.
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
It comes as part of Lloyd’s performance review of syndicates
It involves a three-year run-off regime for UK insurers
Feedback sought on how climate change affects underwriting and investments
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
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
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
Be recognised for individual, team and company excellence in risk management by entering this year's third annual InsuranceERM UK and Europe awards!
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
From 2019, there are now 18 insurers overall featured in the gender equality index
Brexit-related and cyber threats are top concerns in UK
While Tonya Manning will take presidential role in 2020