Analysis

62367

Credit insurers shelter from the crossfire in trade wars

The health of the trade credit insurance sector is linked to a thriving global economy, so how does a trade war between the two biggest nations affect the business? David Walker reports

62354

GDPR - 365 days later

Insurers were vocal about the challenges they faced from the EU's General Data Protection Regulation's (GDPR) implementation last May. Ahead of its one year anniversary, Paul Walsh considers the lessons learned, the ongoing challenges and what the future holds

62336

Comment: on the Solvency II matching adjustment and credit risk capital

Craig Turnbull argues whether the matching adjustment results in EU life insurers holding a prudent amount of capital to support the long-term credit default risk in their fixed income portfolios

62342

International capital standards: the US's chorus of disapproval

Development of the global insurance capital standard (ICS) has always been controversial. But the level of ire expressed by the US government, regulators and insurers at this week's NAIC conference was unprecedented. Sarfraz Thind reports

62329

German life insurers relish €4.5bn-plus saving on ZZR contributions

The revised methodology for calculating Germany's special interest rate reserves is saving billions for the country's life insurers. David Walker reports

62317

The European insurance businesses ripe for M&A

Analysis of solvency and financial condition reports by Insurance Risk Data has revealed dozens of insurers with small, loss-making lines that might be ideal targets for M&A. David Walker and Christopher Cundy explain

62309

The CRO and pianist who hits all the right notes

Justin Skinner is chief risk officer at Vitality, the pioneering life and health insurer. He talks to Ronan McCaughey about his career, the risk management challenges associated with technology – and Queen's greatest hits

62288

Glyphosate, opioids and talc - candidates for the next asbestos?

Claims relating to asbestos exposure caused a catastrophic level of losses for the insurance industry. What is the potential for the scenario to be repeated by other chemicals and compounds? Paul Walsh reports

62289

Lloyd’s culture risks sabotaging its transformation plan

Lloyd’s “bold new strategy” to transform the 330-year-old insurance market by targeting efficiency and technology innovation could fall flat because of a lack of talent, the timeline for execution and the challenge of appeasing different stakeholders. Ronan McCaughey explains

62272

Decoding IFRS 17 from an investment perspective

Efforts by the International Accounting Standards Board (IASB) to clarify the definition of investment components within an insurance contract have been welcomed by some stakeholders. However, others argue a new proposal from the board could spark confusion. Cintia Cheong explains

62253

LDTI: a challenge even for the most well-prepared

The US long-duration targeted improvements (LDTI) accounting change is one of the most complex accounting developments ever to hit the US insurance industry. EY's Evan Bogardus and Chad Runchey tell Sarfraz Thind about the implications of the new standard and - why it is so taxing for insurers

62236

Top technology tools for actuaries

The actuarial world may sometimes be perceived as a stolid profession, but the development and integration of new technologies means the sector is moving apace. A survey by the US Society of Actuaries highlights the key technology trends in the business. Sarfraz Thind explains

62231

Six ingredients needed for an effective consumer risk metric

How should insurers communicate the risks and benefits of their products to potential retail customers? A recent paper from the UK Institute and Faculty of Actuaries investigated this question and came up with some surprising results. Christopher Cundy explains

62220

Getting IFRS 17 ready for lift off

Despite the recent efforts by the IASB in proposing several changes to ease the implementation of IFRS 17, the new accounting standard for insurance contracts, some in the industry believe more needs to be done. Cintia Cheong rounds up the latest developments on IFRS 17 and the outstanding issues until its launch

62206

"The Solvency II review is a Herculean task for regulators"

Talanx's chief risk officer Gerhard Stahl talks to David Walker about the 2020 review of Solvency II, how to improve risk reporting, and the story behind ESG integration

62195

What is stalling the growth of the patent insurance market?

In his fourth article on insuring intangible risks, Tim Freestone investigates the limitations of the patent protection markets and how growth could be stimulated

62184

US flood insurance: new model, new hope?

The federal flood insurance system has been setting milestones in mismanagement since it was introduced in 1968. Will a new risk model and other guidance improve the situation, and allow private insurers to participate? Sarfraz Thind reports

62171

Actuarial recruitment: IFRS 17 delay pauses contractor demand

Insurance actuaries remain in demand for traditional tasks as well as a growing range of non-traditional jobs. But recruitment consultants are still waiting to see an IFRS 17-related surge, as Cintia Cheong reports

62151

Learning the lessons from internal model change

Defining and implementing changes to internal models has challenged insurers, but a new industry report sheds some light on the best approaches to managing the process. Christopher Cundy reports

62139

A shake-up of Australian earthquake modelling

David Walker finds that much has changed in the risk models used to assess the country's seismic hazard - and in the mentality of the modellers themselves