Analysis

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Finding the goal in insurtech - part one: the investors

Strategies for capitalising on new insurance technologies are as varied as the technologies themselves. In part one of this series of interviews, Cintia Cheong talks to insurtech investors about the most promising areas for tech development, and how they are making their investments

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Modelling future profit emergence under IFRS 17

Understanding how IFRS 17 financial statements might evolve in the future will be of vital importance to insurers and their investors. Steven Morrison describes a methodology for 'top-down' modelling of key metrics to enable fast and effective decision-making

56351

Most of Europe's non-life business "marginal or loss-making" in 2017

Analysis by Insurance Risk Data of combined ratios reveals marine, aviation and transport is the sector with the least profitable premiums. David Walker reports

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Tokio Marine overhauls risk management systems

The Japanese insurance group has upgraded its risk management processes to eliminate manual interventions and deliver an enhanced view of group risk. Christopher Cundy reports

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IAIS gears up for a global supervisory regime

Since the International Association of Insurance Supervisors introduced the Insurance Capital Standard in 2016, the industry and some supervisors have pushed for fundamental changes in a number of areas. With a new consultation package, the IAIS aspires to square the circle. Aggelos Andreou reports

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Insurers dedicated over €7m to lobbying EU last year

Spending on influencing EU officials has been maintained despite passing of Solvency II. Molly Wilson reports on the figures

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Putting gender equality principles into practice

Many insurers have committed to narrowing the pay and seniority imbalance that exists between their male and female employees, but are their policies having any effect? Paul Walsh investigates

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Californian commissioner warns over fire insurance risk

California is not at a crisis point yet in terms of the availability of insurance to citizens burnt out in last year's fires, but the trends are not good, Dave Jones the state's insurance commissioner says. David Walker reports

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Capital modelling: Why do more simulations matter?

Greater computing power adds significantly to the integrity and value of the capital modelling process. So how much longer can capital modelling actuaries resist the case for changing to higher performance platforms? Asks Sunnie Luthra

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Supervisors inconsistent in monitoring climate risk

Supervisors' varying levels of familiarity with climate risk requires the establishment of a global framework for measuring and managing those risks, according to the IAIS and the UN SIF.

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Capital modelling: building a better correlations matrix

Correlation matrices have a major influence on how internal models allocate capital, but conventional processes sometimes struggle to make sense from a business perspective. Colin Kerley suggests an alternative approach

55201

Equity release mortgages: stopping the roof falling in

The Prudential Regulation Authority has shaken up life insurers by proposing new assumptions around the valuation of ERMs. The more prudent approach seeks to avoid a potential disaster if house prices stagnate or crash, but the impact on insurers could be serious. Christopher Cundy reports

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Efrag makes preliminary call on IFRS 17 issues and timeline

The EU accounting standards advisory body has acknowledged the "very challenging" implementation timelines for IFRS 17 and shared its thoughts on other potential problems with the incoming standard for insurance contracts. Cintia Cheong and Christopher Cundy report

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NN's Jan-Hendrik Erasmus: finding the win-win in insurtech

NN Group has been an eager participant in the insurtech revolution. Chief risk officer and global IT leader Jan-Hendrik Erasmus tells David Walker how the Dutch insurer's tech strategy has evolved

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GDPR data requests - a flood or a trickle?

The EU's General Data Protection Regulation (GDPR) was introduced on 25 May with warnings that insurers would be inundated with customers requesting details of the personal data held on them. Now, almost eight weeks later, have these requests materialised? Paul Walsh investigates

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Holloway Friendly breaks the mould with readable, educational SFCR

The UK friendly society has taken a radical approach to its Solvency II public reporting, creating a document that can be understood by non-experts but still meeting regulatory requirements. InsuranceERM spoke with chief financial officer Paul Harwood to understand the firm's motives and ask how the redesigned SFCR has been received

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Insurtech brings new challenges to CRO role

Aggelos Andreou asks chief risk officers how they are coping with the opportunities and threats emerging technologies are posing to their firms, and what impact technology will have on the risk function itself

54251

Finding a role for insurance in a technology-driven economy

In the second article in his series on intangible asset risk, Tim Freestone explores why the growth in intellectual property and patent risks has not been matched by a corresponding growth in insurance

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EU supervisors insist Solvency II risk margin "is not an issue"

Insurers’ calls for a recalibration of the risk margin are being ignored by Eiopa and national supervisors, as evidenced at Insurance Europe's conference in Brussels last week. Aggelos Andreou reports

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EU and UK authorities diverge on Brexit preparations

Eiopa repeats its advice to EU insurers to take contingency measures, while UK supervisors step up and reveal legislative plans. Aggelos Andreou reports