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Hong Kong approaches transition to risk-based capital
12 September 2019Hong 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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IASB launches consultation on IFRS 17 amendments
26 June 2019Standards board will organise stakeholder events to supplement consultation
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"Cut the reserves until they squeal"
20 May 2019Christopher Cundy comments on the lessons that should be learned from the accounting and actuarial scandal at UK-based Equity Red Star’s Syndicate 218
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IASB improves IFRS 17 treatment of deferred annuities
17 May 2019Consultation period cut to 90 days; description of mutual insurers remain but with footnote added
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SFCRs need to show how capital is generated - analyst
15 May 2019Stress and sensitivity testing also lacks consistency
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KPMG fined £6m for insurance audit failings
30 April 2019UK watchdog concludes case of misleading accounts at ERS
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Over half of insurers behind target on operational efficiency
29 April 2019KPMG and Acord survey also highlights limited integration of technology platforms
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Getting IFRS 17 ready for lift off
16 April 2019Despite 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
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UK insurtech investment hits $1bn
15 February 2019KPMG’s report shows market is maturing with fewer, but larger insurtech deals
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Gábor Hanák leads International Actuarial Association in 2019
09 January 2019While Tonya Manning will take presidential role in 2020