Global IFRS Insurance Survey 2018
2021 countdown underway: Insurers prepare for IFRS 17 implementation
A year after the publication of IFRS 17 Insurance Contracts (IFRS 17), and with just over two years until its mandatory effective date of 1 January 2021, how are global insurers preparing to operate under the new financial reporting regime?
Life insurance results 2017
Strategic focus in a challenging market
Our latest report discusses the key themes emerging from the 2017 annual results announcements for a range of UK and Continental European insurers, with a particular focus on the voluntary disclosures of Solvency II and Embedded Value results.
IFRS 17 is designed to achieve the goal of a consistent, principle-based accounting for insurance contracts, the new Standard requires insurance liabilities to be measured at a current fulfillment value and provides a more uniform measurement and presentation approach for all insurance contracts.
Insurer of the future
Technology is shaping the future of underwriting
The future of insurance is not only exciting, but also transformative. Emerging technologies such as robotic process automation (RPA), artificial intelligence (AI), and advanced analytics are optimizing and simplifying all functions in insurance, including underwriting.
Two existential threats to the life and annuity industry
Disruption and disinterest
Traditional insurers are facing the new generation of digitally-savvy customers who are under-protected and unengaged. Insurers who are willing to self-disrupt, adopt nimble business models, and deliver value-added services will be the ones to write the story of their own future.
A little less conversation, a lot more action
Tactics to help insurers get satisfaction from data analytics
Data, and making sense of it through analytics, is at the heart of all disruptive innovations and is key to becoming an insurer of the future. It’s in the DNA of start-ups, who continue to grow and bring game-changing propositions to market, and yet is often overlooked by incumbents.