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News
AIG names Richard Olsen chief actuary, general insurance
Olsen was previously CFO of Munich Re’s US P&C reinsurance subsidiary
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Moody's acquires RiskFirst's PFaroe, eyes expansion into insurance markets
Opportunities in bulk annuity markets and connecting liabilities with assets
FIS updates Prophet actuarial modelling system
The software vendor says the updates will boost flexibility for users
Willis Re refines its wildfire risk offering
The reinsurance division of Willis Towers Watson has partnered with SpatialKey
JBA and FloodFlash launch parametric flood insurance
Since 1998, the UK has experienced seven of the 10 wettest years on record
Lloyd's unveils product innovation facility
The facility will trial new types of insurance for complex and non-standard risks
AIR releases expanded flood model for Central Europe
Storm surge component of the AIR coastal flood model for Great Britain also updated
AIR updates New Zealand earthquake model
The model incorporates scientific research after the 2010-2011 Canterbury earthquake sequence
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
Figuring out profit emergence under IFRS 9 and IFRS 17
Gavin Conn and Steven Morrison examine how the choice of liability discount rate affects the expected profit emergence and earnings volatility under IFRS 9 and IFRS 17
Regulatory doubts holding back advanced modelling
US regulators are ill-equipped to oversee predictive models and may be slowing the adoption of new technologies, says a study by the Society of Actuaries. Sarfraz Thind reports
Decoding IFRS 17 from an investment perspective
Efforts by the International Accounting Standards Board (IASB) to clarify the definition of investment components within an insurance contract have been welcomed by some stakeholders. However, others argue a new proposal from the board could spark confusion. Cintia Cheong explains
Top technology tools for actuaries
The actuarial world may sometimes be perceived as a stolid profession, but the development and integration of new technologies means the sector is moving apace. A survey by the US Society of Actuaries highlights the key technology trends in the business. Sarfraz Thind explains
"The Solvency II review is a Herculean task for regulators"
Talanx's chief risk officer Gerhard Stahl talks to David Walker about the 2020 review of Solvency II, how to improve risk reporting, and the story behind ESG integration