Accounting/tax IFRS
News
IASB announces 15 members of IFRS 17 transition group
Panel includes representatives from Aviva, Axa, Allianz and AIA
FIS partners with Deloitte on IFRS 17
Deal aims to improve collaboration between finance and actuarial functions, says FIS
IFRS 17 'jargon buster' published
New terminology for accounting standard is translated
Deloitte actuary fined and reprimanded for misconduct
James Rakow was ‘not in position’ to give actuarial opinion, says FRC
Aegon makes sweeping changes to supercharge solvency ratio
Injects €1bn into Dutch subsidiary and negotiates with regulator over LAC DT and US conversion factor
Flood of applications for IFRS 17 transition group
One-in-three insurers plan IFRS 17 dry run in 2019
IFRS 17 due date gives 'enough' time for insurers, says FSB
Prophet libraries updated for latest IFRS 17 version
"Be careful what you wish for" on IFRS 17 flexibility, says IASB
Kyobo Life adopts Aon Benfield's IFRS 17 solution
UK election "no disaster" for Ogden rate reform - ABI chief
Analysis
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
Deferred tax continues to complicate SII ratios
Changing requirements from regulators over the loss absorbing-capacity of deferred tax means insurers' Solvency II capital will remain at the mercy of this complex, opaque and inconsistent factor
Extracting more value from the GI reserving process
Insurers relying on stochastic modelling to estimate reserve uncertainty could take a leap forward in managing their reserve risk, as Jeff Courchene explains
UK firms split on interest rate hedging strategy
L&G has put its economic view on the pedestal, moving away from its rivals and challenging analysts who take Solvency II figures more seriously. Callum Tanner reports
L'exception française?
The French government is proposing to exempt supplementary pension products from Solvency II capital requirements, a seismic change that will give the sector much needed relief. Hugo Coelho reports
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Market Insight
IFRS 17 and the challenges ahead
The new insurance contracts accounting standard brings a dramatic shift in accounting and actuarial practices, and insurers should be prepared for implementation challenges, as Kamran Foroughi explains
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Market Insight
High velocity risk management
A rapidly changing world produces rapidly emerging risks that can flummox even the most comprehensive of risk management frameworks. Neil Cantle proposes an approach to improving how insurers respond to today's threats...