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IFRS 17: Implementation challenges
By John Bolger, Andrew Kay | 22 May 2018
At the Society of Actuaries in Ireland’s Annual Convention, Andrew Kay discusses IFRS 17, sharing some insights about practical issues and implementation challenges, including possible synergies with Solvency II.
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ORSA: The Irish experience
By Mike Claffey, Eoin King | 15 May 2018
The Isle of Man regulator is consulting with industry on introducing the ORSA as a new regulatory tool for local insurance and reinsurance companies. In May 2018 Mike Claffey and Eoin King presented to the Manx Actuarial Society on the Irish experience of the ORSA under Solvency II.
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Solvency II annual reporting: Variation analysis templates
By Barry Murphy, Cormac Gleeson | 26 April 2018
Undertakings completing their second full year of Solvency II reporting are required to submit four additional reporting templates, which weren’t required for the inaugural submission.
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EIOPA Final Report on its second set of advice to the European Commission on the Solvency II Delegated Regulation
By Cormac Gleeson, Ellen Matthews, Bridget MacDonnell, John Mulvihill, Eamon Comerford, David Burston, Jeffrey A. Courchene, Vincent Robert | 03 April 2018
This update summarises the key feedback received by the European Insurance and Occupational Pensions Authority regarding the final report and the impact, if any, that it has had on the proposals made in the Consultation Paper.
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IFRS 17: Discount Rates
By Thomas Bulpitt, Andrew Gilchrist, Andrew Kay | 08 March 2018
This paper focuses on the approaches available under IFRS 17 for the derivation of the discount rates for use in the various calculations required by the Standard.
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Breakfast Briefing 25: Year-end 2017 - Hot topics
By Mike Claffey | 07 March 2018
Mike Claffey discusses hot topics for year-end 2017.
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Breakfast Briefing 25: Regulation themes 2018
By Bridget MacDonnell | 07 March 2018
Bridget MacDonnell discusses regulation themes for 2018, including recovery and resolution planning, conduct risk and CBI risk culture assessments.
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Breakfast Briefing 25: What to watch out for in 2018
By Michael Culligan | 07 March 2018
Michael Culligan discusses the key issues for 2018, including IFRS 17 implementation and the 2018 regulatory agenda.
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IFRS17 coverage units for CSM amortization
By Takanori Hoshino, Kurt Lambrechts, Sjoerd Brethouwer, William C. Hines | 01 March 2018
While IFRS 17 provides little guidance about coverage units, insurers may be able to find quick but reasonable choices from current modeling philosophy or certain existing standards such as U.S. GAAP.
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Analysis of Luxembourg insurers’ Solvency and Financial Condition Reports: Year-end 2017
By Wouter van Goudoever, Peter Franken, Nicholas Batens, Moussa Ouédraogo, Olivier Mahieux | 11 February 2018
This report provides a summary of the key solvency information on the main life and non-life insurance entities in Luxembourg based on Solvency and Financial Condition Reports as per year-end 2017.
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Analysis of Belgian insurers’ Solvency and Financial Condition Reports: Year end 2016
By Kurt Lambrechts, Moussa Ouédraogo, Dominik Sznajder, Tim Vandenabeele, Peter Franken, Kamiel van Langen | 26 January 2018
This report is a summary of the Solvency and Financial Condition Reports for the main players in the life, non-life and health insurance business in Belgium, focussing on a subset of insurers in the Belgian market.
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Analysis of life insurers’ first set of Solvency and Financial Condition Reports: European and UK life insurers
By Stuart Reynolds, Neil Christy | 26 January 2018
This report analyses the European life insurance market, covering 200 companies from 13 countries and representing approximately £422 billion of Gross Written Premium and approximately £4,175 billion of gross Technical Provisions.
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Loss absorbing capacity of deferred tax in Ireland
By Padraic O'Malley, Andrew Kay | 25 January 2018
The loss absorbing capacity of deferred tax (LACDT) is one of the key elements of a company’s Solvency Capital Requirement (SCR).
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Making the transition to IFRS 17
By Henny Verheugen | 22 January 2018
This article discusses the possible implications of each of the three approaches to transition to IFRS 17 and why insurers will need to choose their options carefully.
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Analysis of Luxembourg insurers’ Solvency and Financial Condition Reports: Year-end 2016
By Kurt Lambrechts, Moussa Ouédraogo, Kamiel van Langen, Peter Franken | 22 January 2018
This report summarises the Solvency and Financial Condition Reports of the main players in the life and non-life insurance business in Luxembourg.
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Term life insurance issues
By Carl A. Friedrich, Susan J. Saip | 19 January 2018
A 2017 Milliman survey of key life insurance industry competitors captured historical data and company perspectives on a range of term life insurance issues.
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The new insured
28 December 2017
Automated underwriting and new data sources are making insurance possible for many people who would previously have found it too expensive – or even not available at all.
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Do you know how and when you will die?
28 December 2017
Big Data can now provide you with the most likely scenario of how and when you will meet your end. So what will it mean for the future of risk management and lifestyle planning?
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Solvency II Reporting: Year End 2017 and beyond
By Ellen Matthews, Sinéad Clarke | 08 December 2017
To help prepare for Solvency II reporting throughout 2018, we have prepared a briefing note detailing Solvency II reporting deadlines in 2018 and the changes in the reporting framework relative to the previous year.
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Analysis of life insurers' first set of Solvency and Financial Condition Reports: European and Irish life insurers
By Sinéad Clarke | 07 December 2017
This analysis of European life insurers’ first set of Solvency and Financial Condition Reports covers 200 companies from 13 countries, representing approximately €475 billion of gross written premium and approximately €4,700 billion of gross technical provisions.