Reinsurance Brokers, Underwriters, Property, Casualty, Life

News

Irish insurance market strongly exposed to foreign risks

Insurance Risk Data reveals extent of Ireland’s insurance risk exposure to Italy and the UK

IFRS 17 threatens business models and comparability

But new accounting standard is a step in the right direction, say experts

Re/insurers warned of climate change risks for public health

Swiss Re Institute's annual Sonar report features 15 emerging risk themes

Former Lloyd's CFO moves to Bermudan insurer

John Parry to become first group CFO of Armour

Insurtech weekly: HDFC Ergo, Akinova, BMA, Certua, Snapsheet

InsuranceERM rounds up the latest developments in the fast-moving world of insurtech

Sompo profits rise by 40%

Japanese insurer suffers nat cat losses, but gains from asset sales

Bermuda taken off EU tax blacklist for now

Moved to grey list, given until end of year to comply with tax rules

Insurtech weekly: Munich Re; Willis Towers Watson; OneDegree; Axis; The Floow

Latest news on insurtech funding rounds and collaborations

Reinsurers are 'limiting expansion of emerging risks cover' says CapGemini

World Insurance Report reveals significant coverage gaps across emerging risks

Lloyd's chief actuary joins Guy Carpenter

Broker makes two other hires for risk and accounting advisory team

Analysis

Lloyd’s culture risks sabotaging its transformation plan

Lloyd’s “bold new strategy” to transform the 330-year-old insurance market by targeting efficiency and technology innovation could fall flat because of a lack of talent, the timeline for execution and the challenge of appeasing different stakeholders. Ronan McCaughey explains

Decoding IFRS 17 from an investment perspective

Efforts by the International Accounting Standards Board (IASB) to clarify the definition of investment components within an insurance contract have been welcomed by some stakeholders. However, others argue a new proposal from the board could spark confusion. Cintia Cheong explains

Getting IFRS 17 ready for lift off

Despite 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

A shake-up of Australian earthquake modelling

David Walker finds that much has changed in the risk models used to assess the country's seismic hazard - and in the mentality of the modellers themselves

IFRS 17 Conference: what have we learned?

The upcoming accounting standard for insurance contracts poses several challenges to the industry ranging from skills shortages to stakeholder engagement. On 27 February, experts convened at InsuranceERM's IFRS 17 Conference in London to discuss their approach to successful implementation. Cintia Cheong summarises the findings

Commission reveals scope of Solvency II reforms in 2020 advice request

In its request for technical advice from Eiopa, the European Commission has given its strongest indication yet about where it might take Solvency II. Christopher Cundy shares his thoughts