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 …
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 …
Digital skills imply the need to implement not only technological innovations, but also to prepare people to face emerging societal challenges like privacy and ethical issues, mental and physical health related to digitalisation, among others. Education and training play a key role in reaching this ambition of digital upskilling European …
The finance function in the alternatives industry has grown in complexity and the tendency seems to continue. In addition to the more intricate business structures as well as the increasing external stakeholders demands, joins the variable “digital transformation” that’s shaping the algorithm of the future. Designing a finance function that …
Things are moving forward in the world of crypto-assets. The echoes of large and small events whisper major changes in the months to come. Perhaps the mystery behind the beginning of crypto-assets makes them seductive, or perhaps the growing interest in them has to do with being the “future of …
This article is a one-day trip to Luxembourg ville and what citizens experience in different locations under the current post-confinement circumstances. Although Nina is a fictional character, she has been carefully crafted based on what our workmates, friends and the people in general tell us about life nowadays. Enjoy. Nina …
Securitisation wants to polish its reputation, but the task is arduous and takes time. Over the past few years, securitisation has become one of the funding and risk transfer methods that banks and other capital market players prefer. It also has the blessing of the European Commission in the context …
Data, technology, and (almost) instantaneous communication give us, more than ever before, the means and capacity to combat the COVID-19 perils more effectively. People traceability, real-time tracking and supply monitoring are a few examples of what governments and security forces can currently do to mitigate the spread of the disease. …
Have you performed the Herculean task of blending home-based work and child caring successfully? By the time you read this article, Luxembourg will be finishing the third week of progressive deconfinement. Say “p-r-o-g-r-e-s-s-i-v-e” very slowly, as if pronouncing each letter takes a couple of seconds. What an appropriate acoustic representation …
Myths (from the Greek “mythos”) are as old as the human memory can remember. Present in all domains of our lives, even in the fact-based world of finance, they rise and adapt to reality until, one day, they fall into oblivion. New fields come accompanied by beliefs that frequently help …
