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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

Share risk management best practice at InsuranceERM's Americas conference

The annual Insurance ERM Americas conference will take place in New York on 16 September.

Get your free entry in InsuranceERM's 2019-2020 Technology Guide

Basic entry is free of charge and the deadline for entries is Thursday 15 August

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