by Regitze Ladekarl, FRM | Jun 3, 2024 | Risk Report
It is widely felt and reported that housing costs have entered the painful range. Especially more recent home buyers (with less equity built up) and those in areas prone to extreme weather events are struggling, because they are being hit thrice or even quince...
by Regitze Ladekarl, FRM | Oct 23, 2023 | Climate Risk, Risk Report
It might not be the most spectacular Florida Man story, but it is one of the more concerning ones. In this year of extreme weather events—September was the warmest on record ever—insurance companies are adapting their business models to what is here and will keep...
by Tolani Makanjuola | Apr 25, 2023 | Business Analytics, General, Regulations
The multi-year implementation of the IFRS 17 accounting standard (“the standard”) has required significant enterprise-wide technology changes that have predictably proved challenging and complex for the insurance industry. Since 2017, industry players have...
by Carmen Loh | Mar 15, 2022 | Regulations
Existing accounting practices in the insurance industry are inconsistent and unclear. This has led to the issuance of IFRS 17 Insurance Contracts – the first international Standard for insurance contracts. Because this Standard is based solely on principle and does...
by Carmen Loh | Jun 3, 2021 | Regulations
Previously, we talked about the 5 Ws of IFRS 17. This blog post (Part 2) will discuss the H: How does IFRS 17 replace IFRS 4? A Consistent Model Figure 1: The components that make up IFRS 17 insurance contract liabilities.[1] IFRS 17 introduces the General Measurement...
