Regulation Solvency II, Risk-based capital, Accounting/Tax

News

Eiopa urges flexibility but no retroactive coverage during Covid-19 crisis

Authority postpones Romania's balance sheet review

Accounting implications of Covid-19 for insurers

KPMG's Joachim K├Âlschbach suggests actions for companies to take

Canada eases insurers' requirements amid Covid-19 crisis

Osfi suspends IFRS 17 semi-annual progress reporting and gives guidance to mortgage insurance

Covid-19: Business interruption cover 'only affordable with state subsidy'

The ABI responds to UK Treasury Select Committee letter

IAIS reviews priorities in response to Covid-19 crisis

Timelines for projects will be adjusted

Danish regulator orders Gefion to stop writing business

DFSA was unconvinced the insurer could meet the SCR

China regulator ties investment products into broader risk management

Market had grown to RMB 2.76trn by the end of last year

NAIC says Congress business interruption plans threaten US insurer solvency

Current policies not designed to provide coverage against Covid-19 claims

Efrag presses IASB to find solution to IFRS 17 annual cohorts

Fix the problem before IFRS 17 is finalised, says Efrag

Coronavirus: insurance regulatory action tracker - UPDATED

The latest worldwide insurance regulatory responses to Covid-19 summarised

Analysis

Actuarial recruitment: a pause for the pandemic

Cintia Cheong reports on the how the actuarial job market in the UK is faring amid the coronavirus pandemic, the IR35 tax changes and the implementation of IFRS 17

HKFI's Selina Lau: Covid-19 is a golden opportunity to educate the public

Selina Lau's first month as chief executive of the Hong Kong Federation of Insurers has been nothing if not busy. From the coronavirus to the opportunities of the Greater Bay Area initiative, while handling IFRS 17 and forthcoming risk-based capital rules, there is never a dull moment, she tells David Walker

US insurers in Covid-19 coverage crisis

Insurers are being asked critical questions about their role in protecting consumers from the coronavirus pandemic. Despite calls from on high, the industry says it will not cover business-interruption and workers compensation losses. As the crisis deepens, industry bodies say such demands could threaten the stability of the sector. Sarfraz Thind reports

IFRS 17 in the UAE: the real issue is lack of expertise

Oscar Kitasoboka, chief actuary at the UAE Insurance Authority, talks to Cintia Cheong about the IFRS 17 challenges facing the country's insurers in comparison to other regions

Three lines of defence: a necessity or a nuisance?

The three lines of defence model has become a fixture for enterprise risk management in the insurance sector. But after nearly two decades since its introduction, does the model still have a place within the insurance industry or are changes needed? Paul Walsh investigates

Chubb's Barney Wanstall: creating the 'end-to-end' IFRS 17 solution

One 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