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Video: Pusinne Leung (Ageas) on the interaction between IFRS 17 and Solvency II

"There are various areas where we can find an interaction between IFRS 17 and Solvency II, starting with processes, system and data"

South Korea's regulatory change likely to boost insurers' solvency

Co-insurance will also bring opportunities to reinsurers, says AM Best

Scor celebrates 50th year with premiums and profit growth

French reinsurer brushes off threats from coronavirus and US casualty claims

Australian non-life underwriting profits fall 35% on 2019's natcats

Life sector moves into the black as risk products move from net profit to loss

RSA exceeds profit expectations in 2019

UK insurer reports 60% increase in underwriting profits

Motor insurer Hastings suffers 42% annual profit drop

Blames rising claim costs and the impact of the Ogden rate change

Lloyd's of London chairman calls for post-Brexit equivalence

Bruce Carnegie-Brown was addressing a House of Lords EU financial affairs sub-committee

Competition makes loyalty penalty difficult to end, says Direct Line chief

Penny James addressed the loyalty penalty issue at the ABI conference

Bank of England optimistic Solvency II risk margin will be revised

Anna Sweeney gives her views on 2020 review and post-Brexit reforms

Generali launches green ILS framework

Italian insurer "wants to consider sustainability in capital management solutions"

RiverStone takes up Japanese reinsurance portfolio

The transaction was completed via a Part VII transfer

IASB to impose IFRS 17 annual cohorts on mutualised contracts

Insurers had asked accounting body to amend requirements

Norway's KLP opts for Moody's Analytics IFRS 17 tool

RiskIntegrity for IFRS 17 is a cloud-based tool launched in April 2018

Coronavirus puts insurers' pandemic risk strategies in spotlight

The World Health Organization's director-general has said the virus has pandemic potential

Argo confirms big losses in Q4

Unfavourable development of prior-year reserves largely to blame

Insurers struggling to price US D&O risk as claimants prefer litigation to settlements

Loss creep fed by claimants taking on "people in powerful positions" in media, politics and sport, AM Best says

China Taiping in Singapore launches innovative coronavirus 'recovery bonus'

Singapore has 89 confirmed cases, World Health Organization says

EU must stay firm on ICS commitment, says European Commission

Testing for global Insurance Capital Standard shaken by French withdrawal

European insurers make last-minute call to fix IFRS 17

Lobby group Insurance Europe highlights annual cohorts and other issues ahead of IASB meeting

Guy Carpenter secures KCC catastrophe modelling deal

Both parties have agreed a three-year licensing agreement

Chinese regulator lets go of Anbang with buyers in the wings

Watchdog praises longer-term focus of firm's life business

Berkshire Hathaway's reinsurance division takes another nosedive

Warren Buffett's company was hit by reinsurance losses for the third straight year in 2019

Italian insurers urge IASB to fix IFRS 17 annual cohorts

Effective date should be no sooner than 2023, says Ania

Apra prepares best-practice guide to climate change readiness

Australian watchdog responds to industry requests for clarity

Coronavirus leads Hong Kong regulator to relax policy sales guidelines

IA chairman says the industry faces "daunting challenges" from the outbreak

PIC strikes £1bn bulk annuity deal with Co-op pension scheme

The deal covers the pensions of around 7,000 scheme members

Insurtech weekly: Tesla, Concirrus, Swiss Re, SOA, Plug and Play

InsuranceERM rounds up the latest developments in the fast-moving world of insurtech

COMMENT: Putting the ICS to the test

Jonathan Dixon, secretary general of the International Association of Insurance Supervisors, discusses the organisation's plans for monitoring the global Insurance Capital Standard

Allianz posts higher profits despite reserve strengthening

The German insurer overcame a decline in its P&C operations

Analysis

Chubb's Barney Wanstall: creating the 'end-to-end' IFRS 17 solution

One of the biggest challenges for insurers implementing the IFRS 17 accounting standard is creating a seamless and robust system that takes in all the relevant information and produces the required numbers, as Chubb's head of IFRS 17 implementation in 25 countries explains to Cintia Cheong

AAIC's ERM journey: inspired by Europe

AAIC's CRO Lorie Graham started the company's ERM programme in 2008 at a time when the US reinsurance sector had few models to look at. So she took her inspiration from the Europeans, she tells Sarfraz Thind

Eiopa hits back at the French ICS revolution

Some prominent French re/insurers don't want the Insurance Capital Standard in its current form, angering EU and US negotiators alike. Eiopa looks determined to carry on regardless. The IAIS is treading carefully. It is a fraught situation and some practitioners believe the standard could even collapse under its own weight, as Sarfraz Thind reports

IFRS 17 and Solvency II: clashes on discount curve and risk margin come to the fore

InsuranceERM's IFRS 17 conference heard insurers are keen to leverage much of what they have implemented for Solvency II in their IFRS 17 compliance programmes, but are struggling with certain elements. Paul Walsh and Christopher Cundy report

Australian life insurers arm up on the frontline of climate change

Climate change is not just a worry for property and casualty insurers. In Australia, whose recent natural disasters are widely seen as harbingers of global warming, life and health firms recognise complacency is no option. David Walker reports

Winners revealed in InsuranceERM Awards 2020

The awards recognise the best insurance risk management providers serving the UK and Europe

IFRS 17 implementation requires "extreme flexibility"

Cristina Colozza, IFRS 17 disclosure and methodology central lead at Zurich, tells Cintia Cheong about the firm's IFRS 17 implementation status and the importance of its financial impact assessment

Australia and reinsurance: continuing the affair

Australia's insurers make extensive use of reinsurance and reinsurers like to take on the risk - and the relationship looks set to survive the recent catastrophes that have beset the country, as David Walker reports

"The costs of IFRS 17 are likely to outweigh the benefits"

Tony O'Riordan, chief financial officer of New Ireland Assurance, tells Ronan McCaughey how the company is implementing the new accounting standard, about the complexity it creates and why it will not solve any major issues for the company

China's coronavirus outbreak could hit insurers severely - UPDATED

Insurance experts talk to Ronan McCaughey about the mortality, operational and economic losses the deadly virus poses for the re/insurance industry