About cyber risk and how it is boosting cyber insurance

Across the world, businesses are more and more concerned with the exponential growth of cyber risks. Regardless of the business type, the sector you operate in or the firm size, you and your stakeholders are using computers, mobile devices, wearables or other types of digital technologies that are susceptible to …

A handy guide for actuaries on how to better perform work review

Will you unconditionally rely on the actuarial work performed by others? As an actuary, you make important decisions daily —you select a better model to make projections, provide management with forecasts on profitability, report to the regulator on the strengths of booked reserves, the capital position and many others.  At …

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 …

COVID-19: How will it possibly impact your solvency II Best Estimate assumptions? 

In this article we discuss potential implications of the COVID-19 pandemic on the best estimate assumptions and capital modeling under solvency II for life insurers. The observations are more applicable to life insurers but can also be relevant for reinsurance.  Our conclusions are based on our experience on the insurance …

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: Interest rates are top banana skins for insurers in Luxembourg

The persistence of low interest rates, guaranteed products and investment performance, combined with the industry’s ability to confront structural and technological changes are the top banana skins for the insurers in Luxembourg. A new PwC – CSFI (Centre for the Study of Financial Innovation) survey charting the top risks in the …

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