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Dive In 2019: catching up on diversity and inclusion
The insurance industry was heavily criticised during last year's Dive In festival for its poor approach to diversity and inclusion. Nearly twelve months on, Paul Walsh finds the sector is beginning to listen.
In the Spotlight: Gefion Insurance
The Danish motor insurer is latest to require remedial action by regulator Finanstilsynet after deficiencies were identified in its capital and risk management practices. David Walker reports
Climate risk in the US: time to stand up
Trenchant politics, vested interests, short-term thinking ... tackling climate change in the US is an uphill battle. Washington insurance commissioner Mike Kreidler tells Sarfraz Thind about the difficulties of standing up to the status quo
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
Annual cohorts dominate EU debate on IFRS 17 endorsement
Efrag's preliminary discussions on proposed amendments to IFRS 17 reveal growing support to revise the approach to grouping of insurance contracts. Cintia Cheong reports
"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