IASB has proposed narrow-scope amendments to IFRS 17 Insurance Contracts in its next Annual Improvements Cycle. We summarise the changes in this issue.
Insurance Accounting Alert – June 2018
EY Conversation with Citibank
EY and Guardtime launch Insurwave
Insurance Accounting Alert – May 2018
Insurance M&A markets look increasingly sophisticated
EY Investor Summit 2018
Financial Services Briefing
Financial Services Divestment Study 2018
The Future of FinTech and Financial Services – What’s the next big bet?
Global insurance: vast potential
The global insurance market is remarkably strong, despite continued fallout from the financial crisis. Low interest rates coupled with relatively poor investment returns have impeded growth, but demand for insurance products and services remains high.
We keep you prepared by providing insights into the nuances of your market, as well as global trends putting pressure on the industry.
Stay nimble amid risk and regulation
Waves of global legislation continue to pressure management and absorb precious resources. Combined with the need to innovate in a highly competitive environment, this is causing some insurers to withdraw from long-standing core markets and product lines.
However, insurers are adapting by leveraging technology and developing operating models that are compliant with Solvency II. New business architectures will enable insurers to release better products more quickly and cheaply.
Gain market insight
The balance of power is shifting toward the customer, and distribution models are rapidly evolving. Emerging markets in Latin America, Asia, Africa and Eastern Europe are future battlegrounds that offer big prizes – but only if insurers can get it right.
Success will be achieved with patience, long-term investment and genuine understanding of local dynamics.
Connect with us
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The first-of-its-kind platform connects clients, brokers and insurers in the marine insurance sector to distributed common ledgers that capture data about identities, risk and exposure.
Learn how intelligent virtual assistants and chatbots can enhance service interactions.
Learn about the changing dynamics in the outlook of the risk function and how the CRO role is evolving.
A rising number of InsurTechs are offering digital claims processing. Insurance companies need to look beyond mere cost savings and seek a data-driven customer experience.
This paper makes the case for why insurers need to understand the new data, systems and process challenges before committing to a demanding implementation journey.
These new standards will trigger fundamental changes in the way in which insurance companies will generate and report on their financials, both internally and externally.
ERM implementation for Singapore Insurers
The Monetary Authority of Singapore issued MAS Notice 126 on Enterprise Risk Management for Insurers (pdf, 1.1mb) which will be effective from 1 January 2014.