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


IASB launches consultation on IFRS 17 amendments

Standards board will organise stakeholder events to supplement consultation


Ireland's insurers zero in on operational resilience

Operational resilience is fast becoming the watchword for Ireland's re/insurance market and the country's insurance regulator. Ronan McCaughey explains


Adopting Tunaru's ERM valuation approach "difficult but not impossible"

More work and significant modification needed, says Milliman


US flood insurance: new model, new hope?

The federal flood insurance system has been setting milestones in mismanagement since it was introduced in 1968. Will a new risk model and other guidance improve the situation, and allow private insurers to participate? Sarfraz Thind reports


Fema finally delivers new US flood risk model

Risk Rating 2.0 to go live in 2020 providing more accurate reflection of flood risk


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


"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


"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


"Primitive" California law poses wildfire risk challenge for insurers

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