Archive

  • Generali hikes stakes in Indian insurance JVs

    02 January 2019

    Deal involves Future Group, a major retailer in India

  • Aflac takes minority stake in Singapore Life

    02 January 2019

    Second M&A deal in a fortnight involving US insurer Aflac

  • Make IFRS 17 work for your business

    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.

  • IFRS 17 - Benefits of High-Performance and Scalable Technology

    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

  • Shifting through the gears to IFRS 17. Next stop proof of concept

    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.

  • Aggregation and diversification of the IFRS 17 Risk Adjustment

    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.

  • "Risk management should be one of the cornerstones when insurers consider their role in sustainability"

    02 January 2019

    Esko Kivisaari appeals to insurers’ risk management functions to take on the responsibility for ensuring a sustainable business, in every sense

  • Fostering diversity and an inclusive culture

    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

  • "Utopia or dystopia? Risk managers have a crucial role in influencing the direction"

    01 January 2019

    By asking difficult questions and encouraging bold actions, Alison Martin says the risk function will play an important part in ensuring the insurance industry thrives

  • Call for action over open hurricane Michael claims

    31 December 2018

    Insured losses from hurricane Michael are estimated at $4.5bn