Implementation milestones for Solvency II are coming up fast
Solvency II is quickly moving from “on the horizon” to “need to act” across the European insurance landscape and with good reason. Solvency II will have an unprecedented impact on insurance and...
View ArticleSolvency II compliance requires time, budgeting and lots of planning
The time and resources required for Solvency II compliance are the crux of the problem for most insurers, as current risk management systems and processes are disjointed and unable to provide the full...
View ArticleSolvency II non-compliance triggers serious consequences
Solvency II non-compliance can impact an insurer in two different ways. First, if an insurance company does not meet a designated milestone or fails to implement adequate risk management processes,...
View ArticleInsurers can reap big benefits from Solvency II
While the initial reaction to Solvency II may be that compliance is a costly and timely nuisance, in the long run, insurers can expect to accrue solid business benefits from their Solvency II...
View ArticleInternational financial reporting standards – timeline
International Financial Reporting Standards (“IFRS”) are the standards being utilized by many companies around the world and IFRS is fast becoming the global accounting standard. The ultimate goal of...
View ArticleSomething’s happening here: Solvency II inspires change for India insurers –...
The European Union’s Solvency II regulations promise to be a huge catalyst for change within the insurance industry worldwide, not just in Europe. In our first series of blogs on Solvency II, we...
View ArticleSomething’s happening here: Solvency II inspires change for India insurers –...
In my last post, I discussed capital adequacy as one of the challenges insurers must deal with as the regulatory and reporting environment becomes more demanding and the impact of Solvency II is felt...
View ArticleSomething’s happening here: Solvency II inspires change for India insurers –...
Reporting for insurance companies -- IRDA has issued reporting guidelines in the past and has now established a committee to examine the International Financial Reporting Standards (IFRS) proposal...
View ArticleIFRS is coming, IFRS is coming…
I don’t think Paul Revere was very worried about IFRS in 1775; however today, as with the British back then, IFRS is coming. We keep hearing about the SEC decision in 2011. What does that really mean?...
View ArticleAvatars in Insurance: Missing the Point?
In March of this year, the Asia Insurance Review conference in Singapore focused on “Repositioning for a New Competitive Era in Asia”. During the conference a panel of technology executives debated the...
View ArticleHealthcare reform: Are healthcare payers prepared?
I’ve read countless papers on the impact of healthcare reform on the insurance industry, but I have found few that are looking at these changes from the perspective of how these mandates will impact...
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