The European Parliament and Council have reached their agreement on the amendments to the Solvency II Directive. The revised Directive will be passed to the member states to be adopted.
This article focuses on giving an overview of the Insurance Capital Standard (ICS), a capital framework which has been developed by International Association of Insurance Supervisors (“IAIS”).
The Bermuda Monetary Authority (BMA) is set to introduce major regulatory changes impacting Bermuda-based reinsurers. Recognized globally for its business-friendly environment, Bermuda is revising…
Environmental, Social, and Governance (ESG) reporting has become essential for corporate transparency and sustainability. Financial institutions are facing complex regulations and diverse data…
Environmental, Social, and Governance (ESG) reporting has become essential for corporate transparency and sustainability. Financial institutions are facing complex regulations and diverse data…
The European Parliament and Council have reached their agreement on the amendments to the Solvency II Directive. The revised Directive will be passed to the member states to be adopted.
In July 2023, ACPR launched its second climate stress test which targets insurers. Focused on market risk and underwriting risk in various insurance lines, the exercise includes three long-term…
On the 25th June 2020, the International Accounting Standard Board (IASB) has published several amendments to IFRS 17. These amendments address many of the concerns raised by the industry and aim at…
This Expert input gives a basic overview of IFRS 17 and how it is going to be different from the current standards (IFRS 4). We note that there are some similarities between some of the aspects of…
This expert article on the 2018 Solvency II review consists of a high level summary of the Solvency II review and a table providing a detailed overview of all changes brought about by this 2018…
