Risk management Credit, Balance Sheet, Interest Rates, Investment, FX
News
Barry losses to peak at $500m, says RMS
Around half of total insured losses will be incurred by the NFIP
Abir elects Hamilton Insurance CEO Pina Albo as deputy chair
Convex Group has also joined the Bermuda re/insurance association
Insurers in Singapore breach minimum capital requirements in IMF stress tests
Solvency tests conducted as part of International Monetary Fund review
Reinsurance remains challenge for Australia to adopt IFRS 17
Non-life insurers concerned by additional data requirements
Allianz X invests in ESG data provider Arabesque S-Ray
Insurer’s digital investment unit leads $20m funding round
Gulf Islamic insurers face consolidation from tighter capital rules
S&P Global Ratings says Saudi Arabian regulator plans to hike capital requirements to SAR 500m
Insurtech weekly: Cytora; MetLife; VitalityHealth; Akinova; BlockClaim
InsuranceERM rounds up the latest developments in the fast-moving world of insurtech
Gauke: Ogden decision leaves a “reasonable margin” of prudence
Personal injury discount rate of -0.25% means less chance of claimants being under-compensated
FIS updates Prophet actuarial modelling system
The software vendor says the updates will boost flexibility for users
UK insurers shocked by change to Ogden rate
Personal injury discount rate raised to just -0.25%
Analysis
"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
What's next for the MA and VA?
More than €100bn of capital relief is provided by Solvency II's matching and volatility adjustments, but they are far from uncontroversial. As the European Commission begins to consider reforms, Christopher Cundy reports on the problems and possible solutions
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
Romania's insurance sector: motoring on
Motor business has dominated Romania's insurance market, but firms are taking steps to diversify their books, as well as cope with a raft of regulations and capitalise on new technology. Paul Walsh reports from Bucharest
IFRS 17: implementation update
Two years into IFRS 17 preparations, four directors at consultancy Muller Beukes Edvardsen share their thoughts on how far insurers are on the road to implementation
"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