Accounting/tax IFRS
News
Moody's Analytics launches IFRS 17 tool
RiskIntegrity IFRS 17 helps bridge actuarial and financial reporting functions, company says
Chesnara finishes Solvency II transition, begins IFRS 17 project
Firm reveals accounting standard’s implementation cost
Berkshire Hathaway reveals $3.2bn underwriting loss
Losses came from Geico, retroactive insurance and Gen Re
KPMG partners with Aptitude on IFRS 17
Consultancy survey finds about 90% of insurers still assessing, or yet to consider, accounting standard
MetLife CRO to lead probe into US annuity failures
Problems stretched back 25 years
Axis, Beazley reveal deferred tax asset hits
XL Group spells out impact from California wildfires and tax changes
Industry faces "extreme challenges" in IFRS 17 implementation
Arch Capital hikes natcat loss estimate
The Hartford takes $850m hit from US tax changes
Hong Kong approves IFRS 17 but concerned by timing and consistency
Insurers reveal impact of Trump tax changes
Analysis
The challenge of constructing IFRS 17 discount rates
Nick Jessop discusses the permitted approaches for constructing insurance contract discount rates under the IFRS 17.
Risk and actuarial recruitment: boom time again
Wages in actuarial and risk management roles are going up, in large part because of the opportunities created by IFRS 17, the new insurance contracts accounting standard. Cintia Cheong reports
IAIS faces fresh debate on systemic risk – and clash on capital standard
The International Association of Insurance Supervisors meeting in Kuala Lumpur this week comes amid a renewed debate about systemic risk in insurers and big questions about the deadlines for developing a global capital standard. Christopher Cundy reports
NN's Jan-Hendrik Erasmus: "the key issue is how to embrace technology"
NN Group’s chief risk officer discusses with David Walker how the Dutch insurer is positioned for M&A, why Solvency II does not need to change, longevity risk hedging and today’s technology and cyber challenges
The rise and fall of valuation methodologies
The arrival of Solvency II and revised guidance on embedded value methodologies has led to changes in the financial metrics that European insurers report – and not all of them are welcome. David Walker reports
Yes, no, maybe: the PRA responds to industry's Solvency II reform agenda
The UK regulator has made a point-by-point reply to the Association of British Insurers' agenda for Solvency II reforms and confirmed its priority to review the reporting requirements. Christopher Cundy reports
