IFRS 17: A delay in the balance

Arguments are raging about whether implementation of the new insurance contracts accounting standard should be delayed. Cintia Cheong wraps up the latest developments in the long-running saga


Insurance Europe accuses US of welching on covered agreement

Argues draft NAIC proposals do not reflect the original bilateral deal


EU authorities tell Efrag to stop stalling on IFRS 17

ESAs warn a delay in IFRS 17 would challenge coordination with IFRS 9


AIR to launch probabilistic model for cyber risk

The model uses public, commercial, and insurance claims data from thousands of worldwide incidents


Eiopa on IFRS 17: generally positive but with reservations

EU insurance authority shares opinion on accounting standard and its interaction with Solvency II


UK actuaries devise cyber risk assessment scenarios

Research provides a framework to quantify the cyber operational risks insurers face


Prudential Financial seals $3.2bn longevity reinsurance deals

US insurer says deals signal healthy growth in UK pension risk transfer market


UK approves use of dynamic volatility adjustment, grants SFCR audit relief

PRA also makes policy changes on VA application, internal models and external audit


Global insurers demand re-opening and delay to IFRS 17

Letter demonstrates importance and urgency to the matter, says Insurance Europe


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