Derivatives

Analysis

18 October 2022

Gilts crash: a boon out of a crisis for insurers

Another day, another UK financial market crash. But while it has gone wrong for British politics and pension funds, the current crisis may actually benefit insurers in the long run. Ronan McCaughey and Sarfraz Thind report
30 September 2022

The UK gilts crisis: a worry, not a disaster, for insurers

Plunging sterling and soaring gilt yields are buffeting insurers, but longer-term impacts of the government's disastrous "mini budget" are the real concerns, as Sarfraz Thind reports
13 November 2018

Profit emergence under IFRS 17: The Variable Fee Approach

Steven Morrison continues his series on profit emergence under IFRS 17 by considering financial risk and its impact on contracts with participation features – with a focus on the differences between the VFA and general measurement model, and the impact of risk mitigation
30 October 2018

US Sifi designations: not exactly dead

The Federal Reserve's work on large insurer regulation appeared to receive a final nail in the coffin when Prudential's Sifi designation was removed this month. Insurers have rejoiced, but systemic risk regulation has not been buried entirely. Sarfraz Thind reports
21 June 2018

IFRS 17 earnings recognition: challenges, opportunities and innovations

Luca Tres and Adam Robinson discuss IFRS 17 and its earning recognition criteria from a capital markets and insurance practitioner's perspective, and consider the challenges and the opportunities this presents

News

  • LDTI helping clarify VA hedging strategies despite comparison difficulties

    25 July 2023

    Rating agency Moody's analyses Q1 reports from four large variable annuity firms

  • AIA flags "significantly higher" net earnings under IFRS 9 and 17

    14 March 2023

    How hedging derivatives are treated largely the reason for CFO's prediction

  • EU insurers dash for cash as liquidity risks rise

    26 October 2022

    Eiopa seeks to calm nerves following UK gilts crisis

  • Allianz GI barred from US after "massive fraudulent" Structured Alpha scheme

    17 May 2022

    Asset manager transfers $120bn assets to Voya IM, pays $6bn in fraud case

  • Low rates lead German insurers to use more derivatives

    03 May 2022

    Regulator reviews latest trends

  • Aegon carries on hedging to tame earnings volatility

    09 February 2022

    Analysts query plans to offload US variable annuity book

  • UK sets date to switch Solvency II curve to Sonia

    08 January 2021

    Move from Libor-based risk-free rate curve expected to have a marginal impact on solvency ratios

  • Supervisors should step up Libor transition work, IAIS warns

    09 July 2020

    A number of financial institutions are yet to start transition, research finds

  • UK life insurer faced £500m collateral call in midst of Covid-19 crisis

    27 April 2020

    Situation is now "largely reversed"

  • AMP fined for derivatives reporting failures

    17 March 2020

    Australian insurer also replaces chief risk officer

  • Japan regulator reveals insurers' JPY 32trn Libor challenge

    16 March 2020

    All but JPY 6 trn of underwriters' asset and investment exposure runs through 2021

  • Eiopa spells out thoughts on Ibor transition

    10 February 2020

    EU insurance authority suggests transition measures and liquidity minimums

  • Ageas boosts solvency with RT1 debt issue

    13 January 2020

    Restricted tier 1 debt issued alongside tender for grandfathered RT1 debt

  • Eiopa investigation finds estimate of illiquidity in insurer liabilities

    17 December 2019

    Major report also considers asset illiquidity for EEA insurers

  • Just Group boosts bulk annuity sales, pilots NNEG hedge transaction

    24 July 2019

    Falling risk-free rates and house prices dent solvency ratio

Most Read
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  2. Asset-intensive reinsurance intensively assessed
  3. Insurance, Climate Change and the Law: how to be an enabler, not a doomist, on climate action
  4. Pensions CRO calls out racist and sexist remarks
  5. UK's Consumer Duty: a headache on top of a cost-of-living crisis
  6. Munich Re's syndicate "significantly" helps to cut group underwriting emissions by 80%
  7. IFRS 17 may unlock fresh metrics for analysing insurers' growth, says KPMG
  8. Swiss Re's group CEO Christian Mumenthaler to step down
  9. Has IFRS 17 improved comparability and consistency? The jury is still out
  10. Climate litigation's third wave could leave insurers in deep water