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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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Analysis of non-life insurers' Solvency and Financial Condition Reports: European and Polish non-life insurers - Year-end 2016
By Marcin Krzykowski, Jarosław Lech | 23 April 2018
Our European analysis of the non-life market covers 140 companies from 11 countries, which together comprise more than €141 billion of gross written premium (GWP) and nearly €224 billion of gross technical provisions, and our Polish analysis is based on 14 solo companies pursuing non-life business in Poland, representing circa 89% of the GWP of the Polish non-life market in 2016.
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Tweeting yourself out of a job: Do social media influencers need reputational risk insurance?
By Madeline Johnson | 20 April 2018
Individuals who rely on their name for income may have a need for some type of reputation risk or business interruption insurance, but could such a product exist?
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Brexit: Beyond passporting: Implications for the UK insurance industry
By Kyle Audley, Jennifer Strickland, Fred Vosvenieks | 18 April 2018
This paper considers various future routes that the development of insurance regulation in the UK could take due to Brexit and the impact each of these might have on UK insurers.
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Analysis of Dutch insurers’ Solvency and Financial Condition Reports in European context
By Simon Cureton, Peter Franken, Judith Houtepen, Kamiel van Langen, Kendall Carolissen, Moussa Ouédraogo | 12 April 2018
This report provides a summary of the key solvency information of the main life and non-life insurance entities in the Netherlands based on the Solvency and Financial Condition Reports published in May 2017.
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Getting with the program: Insurtech startups seek MGA success
By Thomas A. Ryan | 10 April 2018
Over the past several years, program business developed by managing general agents has been a rare success story in the soft property and casualty insurance market.
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A quantum leap in benchmarking P&C unpaid claims
By Mark R. Shapland | 20 March 2018
Using the most advanced benchmarks available can help to ensure a more efficient integration of reserve variability analysis into enterprise risk management processes and enhance an entity’s strategies.
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Subcontractors: How a common business practice could lead to a mountain of insurance costs
By Rachel Soich | 13 March 2018
What are the risks associated with uninsured subcontractors and what can be done to prevent them from threatening a company’s bottom line?
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Market Monitor UAE: Preliminary insurance disclosures, 2017
By Safder Jaffer, Asad Irshad | 21 February 2018
The United Arab Emirates insurance market enjoyed record profitability and strong premium growth in 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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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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Business breakfast podcast with Milliman on Dubai Eye 103.8
By Asad Irshad | 15 January 2018
Asad Irshad dicusses how insurance could change with the advent of self-driving cars.
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Part VII transfers and the FCA’s approach to the review
By Andrew Gilchrist, Philip Simpson, Lindsay Unwin, Christopher Clarke | 27 December 2017
What involvement does the Financial Conduct Authority have in Part VII transfers and what are its current expectations?
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EIOPA Consultation Paper 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, Neil Christy, Jeffrey A. Courchene, Emma Hutchinson, Jennifer Strickland, Marie-Lise Tassoni | 20 December 2017
This briefing note summarises the final advice from the first stage of the EIOPA review and provides details on EIOPA’s proposals in the latest consultation paper on its second set of advice.
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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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IFRS 17: Risk Adjustment
By Thomas Bulpitt, Andrew Gilchrist, Philip Simpson, Andrew Kay | 07 December 2017
This paper focuses on the choice of calculation methodology for the Risk Adjustment that forms part of the Fulfilment Cash Flows under the General Model in IFRS 17.
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Pakistan: Growth and developments in the insurance sector
By Shoaib Javed Hussain, Safder Jaffer, Asad Irshad | 01 December 2017
The life and non-life insurance industry in Pakistan witnessed continued growth momentum in 2016.