The biggest barrier to actuarial system improvement is... actuaries?

As insurers prepare for another round of system adaptation and process review with the introduction of IFRS 17, Andries Beukes shares his experience in modernising actuarial systems and discusses what role actuaries have in the success – and failure – of transformation projects


One-in-three insurers plan IFRS 17 dry run in 2019

Start creating project teams and internal discussions this year, says Milliman


IFRS 17 due date gives 'enough' time for insurers, says FSB

But firms need to start implementation as soon as possible


Prophet libraries updated for latest IFRS 17 version

Includes new group calculations library


RNA Analytics buys out Algo Financial Modeler from IBM

New company comprises team that has supported AFM


"Be careful what you wish for" on IFRS 17 flexibility, says IASB

Aegon representative points to potential for wildly different interpretation of product classes


South Korean firms required to start increasing capital for IFRS 17 this year

Regulator will make attempts to ease introduction of new regime by slowly cutting discount rate


FIS partners with SAP on IFRS 17

Actuarial and finance departments will have to work together like never before, says FIS


IFRS 17 could cost UK up to £2bn

New standard for Europe will be 'considerably higher', says Prudential's CFO


UK may need separate endorsement process for IFRS 17

Approval expected to come after Brexit