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

News

UK insurers want greater flexibility for IFRS 17 transition

Huw Evans outlines ABI’s initiatives

PRA tells life actuaries: focus on model drift and proxy modelling

UK regulator outlines initiatives in the next 12 months

Saga reveals fixed-term policy uptake amid crackdown on loyalty charges

The over-50s insurer pledged in April to offer three-year fixed insurance policies

UK insurers face climate and cyber quiz in annual stress tests

The Prudential Regulation Authority has sent a letter to the largest life and general insurers

Insurers gain little in ComFrame consultation response

IAIS does not yield to claims of prescriptive and burdensome framework for international insurers

Efrag quizzes insurers on IFRS 9 hedge accounting

Questionnaire forms part of IFRS 17 endorsement process

Eiopa sets minimum standards for re/insurance reporting

Authorities have aligned their expectations for the minimum acceptable level of data quality

US House Committee agrees on reformed national flood bill

Unanimous agreement on NFIP reforms to enact it for next five years

Risk and investment chiefs likely to face climate risk responsibilities

UK insurer boards have regulatory requirement for accountability on climate risk

Analysis

Ireland's insurers zero in on operational resilience

Operational resilience is fast becoming the watchword for Ireland's re/insurance market and the country's insurance regulator. Ronan McCaughey explains

Regulatory doubts holding back advanced modelling

US regulators are ill-equipped to oversee predictive models and may be slowing the adoption of new technologies, says a study by the Society of Actuaries. Sarfraz Thind reports

Why South Korea leads the way on IFRS 17

South Korea has pioneered the adoption of the new accounting standard for insurance contracts, as well as coping with preparations for a new capital standard at the same time. Martin Sarjeant explains how

NAIC forum: technology, data science and Brexit

The NAIC's international meeting this month proved a lively affair. Beyond the regulatory dissection, participants had a lot to say on issues ranging from technology to Brexit. Sarfraz Thind reports

Setting the record straight on ICS 2.0

Paul Walsh speaks to Victoria Saporta, IAIS executive committee chair, to discuss the outlook for the global insurance capital standard (ICS)

GDPR - 365 days later

Insurers were vocal about the challenges they faced from the EU's General Data Protection Regulation's (GDPR) implementation last May. Ahead of its one year anniversary, Paul Walsh considers the lessons learned, the ongoing challenges and what the future holds