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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
Second Californian insurer put under review after fires
AM Best cites new insights from managers at California Capital Insurance
"Data will define the risk management function of the future"
If the macro environment, regulations and improved ERM have characterised this past decade, the explosion of data will define the next one, says Andy Frepp
UK P&C insurers urged to factor in regulatory scrutiny on pricing
Moody’s says insurers will need to adapt their pricing practices to comply with revised regulations
Warning on Korean insurers' accounting reclassifications
Capital metrics and duration management can be affected by reclassifications says Moody’s
US life capitalisation expected to remain strong says Moody's
Lower tax rates to cause small RBC decline by the end of 2018
Rating agencies warn of insurtech bubble
A glut of money has flowed into insurtech start-ups, raising concerns that investors are fuelling a bubble in the sector. The situation has also highlighted the challenge of defining “true” insurtech innovation. US editor Sarfraz Thind reports
Profit emergence under IFRS 17: The Variable Fee Approach
Steven Morrison continues his series on profit emergence under IFRS 17 by considering financial risk and its impact on contracts with participation features – with a focus on the differences between the VFA and general measurement model, and the impact of risk mitigation
Moody's affirms Brexit readiness, transitional deal or not
Rating agency ready for UK authorisation under new regime
Moody's estimates up to $5bn losses in California fires
Losses exacerbated by builders still repairing damage from 2017’s fires