IFRS 17 should be implemented without further delay by 2022, and any proposed changes to the regulations should only be taken into account if they are essential for the modelling of the business model and can be implemented in the given timeframe, German trade body, GDV, has argued.
GDV said “any delay in implementation would lead to significant additional costs”
A greater focus by the International Association of Insurance Supervisors (IAIS) on potentially systemic activities of the insurance sector as a whole is warranted, Insurance Europe has argued
Everest Insurance has announced the appointment of Kyle Adams to lead the Everest Insurance Bermuda operations
The US insurance industry’s overall holdings of structured securities rose for a third straight year, by nearly 7% in 2018, and now top the $1trn mark, according to a new AM Best report
Finnish insurer, Varma, has recorded its most profitable first half of the year in 20 years with a return on investments of 6.9% or €3bn
Aviva has delivered strong general insurance results with a combined ratio of 95.9%
Italy’s Cattolica Assicurazioni has presented a non-binding offer for the life insurance business of UBI Banca, chief executive Alberto Minali said.
Aegon Netherlands has seen its estimated Solvency II ratio in the Netherlands decrease to 152% on 30 June 2019 from 181% on 31 December 2018, mainly driven by adverse market impacts