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US life firms under pressure from accounting overhaul

It has been billed as the biggest change in US accounting rules for decades. But reportage of the new US GAAP LDTI standard remains sparse. Since coming into effect in August, with an implementation deadline of 2021, companies have been scrambling to assess the impact. Sarfraz Thind reports

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"In a more interconnected world, we need to care about complexity"

Risk management frameworks have relied on simplifications to make them workable, but the modern world needs an approach that embraces complexity, says Neil Cantle

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"Have we really learned all the lessons from the financial crisis?"

The financial crisis left a deep impression on ALM and risk management practices, but Paul Fulcher warns not all the warnings have been heard

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"Primitive" California law poses wildfire risk challenge for insurers

Insurers unable to use cat models to set prices, says Milliman

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IFRS 17: A delay in the balance

Arguments are raging about whether implementation of the new insurance contracts accounting standard should be delayed. Cintia Cheong wraps up the latest developments in the long-running saga

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US flood insurance: bridging the political chasm

Hurricanes Michael and Florence have again drawn attention to the issue of underinsurance of flood risk in the US. The industry says regulators are stymieing the market, and reforms are stuck in a political logjam. InsuranceERM's US editor Sarfraz Thind reports

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Paul Fulcher joins consulting and actuarial firm

ALM and capital management expert quits Nomura after six years

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New business drives 19% EV growth for Asian life insurers

EV growth across Asia in 2017 ranged from 10% to 28%

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Asian jurisdictions refining RBC frameworks

Milliman predicts changes in Asia's capital and solvency regimes as risk-based capital approach spreads

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The thinking behind Milliman's Mind

Milliman launched its Mind solution for actuarial modelling at the start of this year. Christopher Cundy talks to the lead developer and one of the first users of the innovative solution that bridges the gap to the actuary's favourite tool, Excel