Understanding the SCR Risk Components
Calibration, Shortcomings & Risks Not Considered
The COVID-19 pandemic brought renewed attention to the appropriateness of the SCR standard formula. This is an excellent time to apply the magnifying glass to how the standard formulae for the various risks were calibrated.
How to convert IFRS17 challenges into opportunities to add value to your insurance business
We are in the second half of 2021 and, from our interaction with insurers on implementation projects, they now understand the requirements of IFRS 17: Insurance Contracts (I will refer to this as “the Standard” below).
Deloitte Insurance Industry
Regulatory and Actuarial Update
Our Actuarial & Insurance Solutions (AIS) team are pleased to present you with our latest industry update for 2021. This comes on the back of some rather turbulent times for South Africa and for the non-life industry in particular.