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Financial results

News

FIS partners with SAP on IFRS 17

Actuarial and finance departments will have to work together like never before, says FIS

Aviva and L&G fail Solvency II capital test without matching adjustment

Prudential and Standard Life would remain Solvency II compliant without any LTGs

Flood of SFCRs begins as insurers rush to meet Solvency II deadline

Some large underwriters publishing group-wide documents as well as 'solo' filings

Analysts seek help from Generali on evaluating SFCR content

The underwriter is establishing a central contact point to explain Solvency II documents

Allianz increases ZZR by €1.6bn in Q1

Uses realised gains on bond portfolio, beating operating profits expectations by 15%

Analysis

Insurers tussle with Ogden rate assumptions

The UK government is due to announce a revision to the damages discount rate – at the same time as insurers are preparing their annual reports. Christopher Cundy reports

Commission stands in the way of UFR reduction

Stakeholders are sidestepping Eiopa and turning to Brussels in a bid to preserve the Solvency II long-term discount rate. Hugo Coelho reports

The realities of Brexit for UK insurers

Market volatility should erode capital ratios, the possible loss of passporting rights may force restructuring and relocation – and regulation could well be tightened. Hugo Coelho reports

Dutch insurers derailed by Solvency II surprises

Setbacks in internal model approvals have put a strain on Dutch insurers' plans for Solvency II and raised fears that the European industry is less prepared than it thinks, Hugo Coelho reports

Speeding up reporting processes

Bringing forward the calibration of risk factors in proxy models is one of the strategies to comply with the five-week deadline for quarterly reporting, according to a survey by Towers Watson. Hugo Coelho investigates

What do NEDs want from risk managers?

Non-executive directors are putting increasing demands on risk management teams as they try to navigate companies through a riskier world. To help smooth the relationship, two NEDs share their thoughts on what they need. Christopher Cundy reports