Associations

News

IFRS 17 'weaknesses' highlighted by European insurance bodies

Insurance Europe and the CFO Forum are also concerned about the tight deadline for IFRS 17

ICS 2.0 issues must be dealt with before November, says Insurance Europe

The European trade body has called for the ICS framework to be stabilised

British insurance frauds on the up

Fake insurance claims and untruthful applications totalled 469,000 in 2018, the ABI says

European insurers question IAIS revised systemic risk plan

Issues are around proportionality and data collection

US regulators must focus on cyber, technology

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

Insurance Ireland chief resigns

Kevin Thompson will take up a senior role in the insurance industry

IAIS joins "green" supervisors' network

Global insurance standard-setter takes observer role at NGFS

Dispute over equivalency of actuarial qualifications returns to court

The Institute and Faculty of Actuaries faces appeal over 2018 race discrimination case

Abir elects Hamilton Insurance CEO Pina Albo as deputy chair

Convex Group has also joined the Bermuda re/insurance association

Analysis

Hong Kong approaches transition to risk-based capital

Hong Kong’s long-awaited risk-based capital (RBC) regime is beginning to take shape ahead of its planned implementation in 2022. Paul Walsh reports on the latest developments

Insurers push for dual-rate approach to Ogden

The change in the Ogden rate prompted surprise and disappointment from insurers. Their hopes for a fairer settlement are now pinned on the next round of reforms, as Christopher Cundy and Paul Walsh report

"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

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