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

News

Reinsurance is FRC's main concern for IFRS 17 adoption

FRC also highlights annual cohorts but says no changes can be made at this point

Domhnall Cullinan to head Irish insurance supervisory role

He succeeds Sylvia Cronin at the Central Bank of Ireland and will take up his role from 1 September

Fitch: Bermuda treatment of tier 3 capital for re/insurers raises questions

Fitch Ratings warns of “conflicting language” in how the BMA treats tier 3 capital

Share risk management best practice at InsuranceERM's Americas conference

The annual Insurance ERM Americas conference will take place in New York on 16 September.

Prudential to complete demerger by Q4

The UK insurer's chief executive has also dodged giving a view on the Hong Kong protests

Apra imposes additional A$250m capital requirement on Allianz Australia

The amount is being imposed "due to heightened operational risk"

Admiral bemoans Ogden impact in H1

The UK motor and home insurer expects to be hit between £50m -£60m from the Ogden rate change

Canada considers revising insurance capital guidance for IFRS 17

Regulator will also consult on IFRS 17 accounting policy choices this autumn

US regulators must focus on cyber, technology

Linda Lacewell highlights need for more women in insurance at NAIC's New York event

First five years of ICS will be for observation, not prescription

IAIS says International Capital Standard is not a capital-raising exercise, but questions remain

Analysis

In the Spotlight: Gefion Insurance

The Danish motor insurer is latest to require remedial action by regulator Finanstilsynet after deficiencies were identified in its capital and risk management practices. David Walker reports

Climate risk in the US: time to stand up

Trenchant politics, vested interests, short-term thinking ... tackling climate change in the US is an uphill battle. Washington insurance commissioner Mike Kreidler tells Sarfraz Thind about the difficulties of standing up to the status quo

"We want clarity and certainty for IFRS 17 implementation"

Patrick Klijnsmit, director of finance, risk & performance management and control at ASR, talks to Cintia Cheong about choosing vendors and contractors, and what he thinks of the proposed changes to the accounting standard

Questioning the value of IFRS 17

Irish insurance chief risk officers have expressed scepticism about the benefits of IFRS 17 and fear the principles-based nature of the insurance accounting standard will hamper consistency. Ronan McCaughey explains

"The mummy track or the director track?"

Steps to increase equality and diversity in the financial services industry are under way, but as witnesses at a recent UK parliamentary meeting observed, there is still much to be done. Paul Walsh reports

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