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The dual challenge of implementing IFRS 17 and IFRS 9
Insurers across the world whose accounting practices are based on IFRS principles are busy preparing for the most radical shakeup for a generation. Cintia Cheong explains the basics behind those changes and how the industry is preparing
IFRS 17: what insurers dislike from the final consultation
The treatment of reinsurance accounting under IFRS 17 appears to be the most consistent complaint from re/insurers, but deciding when the standard should take effect continues to generate disagreements among stakeholders. Cintia Cheong reports
Insurtech roundup: Quantemplate, QBE, Corax, Transamerica, Swiss Re, Spixii, Old Mutual
InsuranceERM rounds up the latest developments in the fast-moving world of insurtech
Swiss Re's ReAssure acquires former Old Mutual business
Quilter plc sells closed UK life business to ReAssure
Old Mutual board suspends CEO
Peter Moyo has led the insurer for one year
"Risk management will need to focus more on operational resilience"
In the coming years, Sue Kean believes CROs will have to focus more on non-financial risks and risk with operational and strategic relevance
German life book consolidation: cultural shift needed
Following the sale of Generali Leben to Viridium, the largest-ever transfer of a German life book, participants are hopeful it will convince doubtful minds and open the door to more deals. Christopher Cundy reports
Four UK life insurers avoid customer fairness probe
Financial Conduct Authority closes investigation without enforcement action
Scottish Widows escapes scrutiny over treatment of longstanding customers
"Insufficient basis" for enforcement, FCA says
Microinsurance offers a lesson in technology and agility
Opportunities in emerging markets are flourishing, but traditional insurers cannot simply transpose their western business models. Aggelos Andreou finds the use of technology and a change in mindset are the keys to opening the doors