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Chubb's Barney Wanstall: creating the 'end-to-end' IFRS 17 solution
27 February 2020One of the biggest challenges for insurers implementing the IFRS 17 accounting standard is creating a seamless and robust system that takes in all the relevant information and produces the required numbers, as Chubb's head of IFRS 17 implementation in 25 countries explains to Cintia Cheong
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IFRS 17 and Solvency II: clashes on discount curve and risk margin come to the fore
17 February 2020InsuranceERM's IFRS 17 conference heard insurers are keen to leverage much of what they have implemented for Solvency II in their IFRS 17 compliance programmes, but are struggling with certain elements. Paul Walsh and Christopher Cundy report
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IFRS 17 implementation requires "extreme flexibility"
06 February 2020Cristina Colozza, IFRS 17 disclosure and methodology central lead at Zurich, tells Cintia Cheong about the firm's IFRS 17 implementation status and the importance of its financial impact assessment
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"The costs of IFRS 17 are likely to outweigh the benefits"
30 January 2020Tony O'Riordan, chief financial officer of New Ireland Assurance, tells Ronan McCaughey how the company is implementing the new accounting standard, about the complexity it creates and why it will not solve any major issues for the company
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IFRS 17: twists and turns in the home straight
07 January 2020Cintia Cheong examines stakeholders' preliminary views of the IASB's redeliberations and previews the final stages of development of the insurance contracts accounting standard
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The devil in the IFRS 17 detail of reinsurance indexation clauses
12 December 2019The wording used in reinsurance contracts could lead to a bumpy transition from IFRS 4 to IFRS 17. Vasilka Bangeova explains how one contract clause - indexation - might trip re/insurers up
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Talanx RoE will be lower under IFRS 17 and 9, CFO warns
27 November 2019Understanding the impact of IFRS 9 and 17 is a key focus for insurers currently. German insurance group Talanx has shed light on the issue by warning its return on equity will be lower under IFRS 9 and 17. Cintia Cheong explains
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The dual challenge of implementing IFRS 17 and IFRS 9
21 November 2019Insurers across the world whose accounting practices are based on IFRS principles are busy preparing for the most radical shakeup for a generation. Cintia Cheong explains the basics behind those changes and how the industry is preparing
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IFRS 17: what insurers dislike from the final consultation
24 October 2019The treatment of reinsurance accounting under IFRS 17 appears to be the most consistent complaint from re/insurers, but deciding when the standard should take effect continues to generate disagreements among stakeholders. Cintia Cheong reports
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The technology trends in risk and capital management
10 October 2019As re/insurers look to implement IFRS 17, manage cyber risk and drive modelling efficiencies, software vendors are gearing up to respond. Cloud and process automation solutions also figure highly in this year's InsuranceERM Technology Guide, introduced by Ronan McCaughey