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UK insurers more optimistic than rest of financial services

The quarterly CBI / PwC survey of 84 firms reveals a marked divergence in business conditions between sub-sectors

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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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Hamilton appoints Vetch as CFO for Lloyd's business

Takes over from departing Simon Barrett

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IASB to review contract aggregation in IFRS 17

Insurers could present contracts at portfolio level instead of group level

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IASB votes in favour of IFRS 17 delay

IFRS 9 also to be delayed to maintain consistency for insurers

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Moody's Analytics teams up with PwC to help insurers implement IFRS 17

Partnership offers systems, actuarial and accounting expertise to help beat deadline

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"Standalone cyber is the way forward" - Tokio Marine's Daljitt Barn

Cyber risk expert Daljitt Barn has taken up a new role as global head of cyber risk at specialist insurer Tokio Marine. He explains to Paul Walsh why insurers have struggled to grasp the cyber risk threat, and what they should do to grow the market

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Tokio Marine appoints cyber risk head

Daljitt Barn has previously held cyber risk roles at Munich Re and PwC

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Improving the three lines of defence model

In the follow-up to his article on why the insurance industry needs a new risk governance model, Henry Essert describes how a risk function can better oversee a risk-taking business and deal with strategic threats more effectively

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Cyber risk still a struggle for insurers

Progress in managing cyber risk exposures is continuing, but are insurers doing enough to convince regulators that they understand what they're doing? Paul Walsh reports