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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

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German life insurers relish €4.5bn-plus saving on ZZR contributions

The revised methodology for calculating Germany's special interest rate reserves is saving billions for the country's life insurers. David Walker reports

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How to sell an IFRS 17 lemon

Andries Beukes and Pamela Hellig explains why a fair value loss component is improbable but not impossible under IFRS 17

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Kerala floods set to hit insurers for over $140m

The monsoon is the worst to hit the state since 1924

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Indian monsoon floods set to cost up to $3bn

Insured losses may also be substantial

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Chinese authorities take over Anbang for at least 12 months

Authorities will conduct group restructuring and vow to protect customers

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MBE launches tool to assess IFRS 17 impact

Shows how profits are likely to differ under new accounting standard

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Compre snaps up legacy portfolio from Gjensidige

Transaction marks Compre's fifth deal of the year

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The biggest barrier to actuarial system improvement is... actuaries?

As insurers prepare for another round of system adaptation and process review with the introduction of IFRS 17, Andries Beukes shares his experience in modernising actuarial systems and discusses what role actuaries have in the success – and failure – of transformation projects