How does a global pandemic impact Solvency II?

Navigating the COVID-19 pandemic calls for outlining possible scenarios on how the financial statements of (re)insurance companies will be impacted.  Depending on the nature of the business and the types of products in investment portfolios, companies may face increased mortality rates, economic contraction, slowing business activity, falling equity markets and …

The path to the future insurance industry

This is more than an insurance story chock-a-block with buzzwords. They are there of course — data, artificial intelligence, customer experience— you will find them all, but combined in such a way that you’ll be willing to give them another chance, the one they deserve if we stopped overusing them.  …

The PRIIPS KID on the divan

The PRIIPS Kid is undeniably a good idea. But will it deliver as expected?  Packaged retail investment and insurance products (PRIIPs) include all publicly marketed financial products that have exposure to underlying assets—stocks, bonds, etc.—that provide a return over time, and have an element of risk.  Or, to put it …

Insurtech: re-inventing the insurance industry

New technology players are entering the insurance sector, bringing with them innovation and changing the way the business operates at both front-end and back-end levels. Called “Insurtechs”, a name inspired by the word “Fintechs”, these technology-based companies are exploring new avenues – offering ultra-customised policies and social insurance, for example …

Did you know: Common Reporting Standard deadline is fast approaching

Governments across the world are increasingly putting tax transparency at the top of their agenda. In this context, the OECD developed the Common Reporting Standard (CRS) as a global reporting standard to achieve a complete and multilateral automatic exchange of information framework. The Luxembourg CRS first reporting is due on …