Analysis

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Hong Kong approaches transition to risk-based capital

Hong Kong’s long-awaited risk-based capital (RBC) regime is beginning to take shape ahead of its planned implementation in 2022. Paul Walsh reports on the latest developments

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Wildfire scores, shake vouchers and robotics: reinsurers reveal tech plans at RVS

Leveraging of technology dominates Rendez-vous de Septembre discussions, as Cintia Cheong reports

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The reinsurance business: time to bounce back?

Reinsurance pricing has improved but analysts believe headwinds remain. Ahead of the Rendez-Vous de Septembre in Monte Carlo, Cintia Cheong compares the views of credit rating agencies on the global market outlook

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Solvency II, IFRS 17, local GAAP, Basel IV... where is the consistency?

For the health of the financial sector and for the good of European citizens, accounting and solvency regimes for insurance and banking must be aligned around the same valuation concept, argue Serge Moulin, Giulio Terzariol and Carsten Zielke

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Views of enterprise risk management in 2030

Chief risk officers who want to participate in the strategy of their organisations will need to develop their vision for the future of the ERM function. Willis Towers Watson executives share their views on how risk management might evolve

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A passionate ambassador for risk management

Socrates Coudounaris, executive director of risk (EMEA) at RGA, tells Ronan McCaughey how his risk team helps deliver the reinsurer’s strategy and what role innovation will play in the life re/insurance sector

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Long-term care insurance warning for US market

A recent report on GE Capital's long-term care insurance (LTCI) exposure has triggered market concerns, with Fitch Ratings arguing LTCI products are among the riskiest marketed by US life insurers. Sarfraz Thind explains

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Spelling out concerns with IFRS 17 reinsurance accounting

The IASB has revised the insurance contracts accounting standard to minimise mismatches in reinsurance accounting. This may be good news for primary firms and reinsurers, but other challenges remain, as Cintia Cheong reports

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Stephen Catlin and Paul Brand: how we’re going to challenge the status quo

A new re/insurer enters the business at a time when rates are hardening for the first time in years. But what can Convex do differently to the incumbents? Sarfraz Thind talks to the founders to find out

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How to avert the big data threat

Big data analytics promises to revolutionise risk selection for insurers, but threatens to marginalise higher-risk groups. Paul Walsh investigates how the “solidarity monitor” devised by the Dutch insurance association can help avoid exclusion

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Mortality reserving windfalls: a reversal of fortune?

UK life insurers have enjoyed several years of unexpected profits thanks to the slowdown of mortality improvements, but recent statistics hint this trend may be about to reverse. Cintia Cheong reports

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Solvency II's biggest unintended consequences

In part two of a Q&A to accompany the launch of his book on Solvency II, Karel Van Hulle discusses the impact of the directive, and how the insurance sector should prepare for sustainability, Brexit and new technologies

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Liquidity risk management for life insurers

Managing liquidity requires a different approach from managing capital and must often be considered over different, typically much shorter, time periods – as consultants at Milliman explain

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Karel Van Hulle: “I want the objectives of Solvency II to be remembered”

As a former head of insurance and pensions at the European Commission, Karel Van Hulle was central to the development of Solvency II. To coincide with the launch of his book on the directive, he talks to Christopher Cundy about its gestation, flaws and future development

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Implementing IFRS 17 discount curves: theoretical and practical challenges

Insurers will have to develop their own assumptions around discount rates under IFRS 17, which will re-open some old debates around incorporating the illiquidity premium. Steven Morrison explains.

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Canopius: looking east and west for growth

This year's deals involving AmTrust and Samsung have given the 16-year-old Lloyd's operation a fresh impetus, as chairman Michael Watson explains to David Walker

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Dive In 2019: catching up on diversity and inclusion

The insurance industry was heavily criticised during last year's Dive In festival for its poor approach to diversity and inclusion. Nearly twelve months on, Paul Walsh finds the sector is beginning to listen.

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In the Spotlight: Gefion Insurance

The Danish motor insurer is latest to require remedial action by regulator Finanstilsynet after deficiencies were identified in its capital and risk management practices. David Walker reports

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Climate risk in the US: time to stand up

Trenchant politics, vested interests, short-term thinking ... tackling climate change in the US is an uphill battle. Washington insurance commissioner Mike Kreidler tells Sarfraz Thind about the difficulties of standing up to the status quo

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Insurers push for dual-rate approach to Ogden

The change in the Ogden rate prompted surprise and disappointment from insurers. Their hopes for a fairer settlement are now pinned on the next round of reforms, as Christopher Cundy and Paul Walsh report