Keyword
IFRS 17
Where insurers stand on OSFI’s reinsurance rules
April 28, 2021 by Jason ContantAlthough proposed draft reinsurance rules from the federal solvency regulator have not been finalized, the president and CEO of Insurance Bureau of Canada (IBC) is indicating that the regulator and Canadian P&C insurers may be bridging the gap. “I take…
With the pandemic abated, OSFI restarts work on IFRS 17
August 17, 2020 by David GambrillThree things in life are inevitable — death, taxes, and the transition to IFRS 17. With the country now over what appears to be the worst of the COVID-19 pandemic thus far, Canada’s solvency regulator, the Office of the Superintendent…
How to accelerate your analytics journey in the IFRS 17 world
November 21, 2019 by Jason ContantAs the 2021 deadline for IFRS 17 implementation rapidly approaches, insurers would be well-advised to consider a data hub strategy to accelerate their journey to analytics, a speaker stressed last week at the Canadian Insurance Accountant Association’s Fall Technology Seminar.…
The many roads to successful IFRS 17 implementation
November 18, 2019 by Jason ContantWhen trying to implement an IFRS 17 solution in your insurance company, should you start fresh with a new solution, integrate into your existing systems, enlist the aid of a third-party provider or some or all of the above? The…
One collateral benefit of IFRS 17
November 14, 2019 by Jason ContantInsurers who go beyond just mere compliance with IFRS 17 into data optimization are reaping the benefits, including expanded capabilities with advanced analytics, machine learning and artificial intelligence, speakers said Wednesday at an industry event. The rich dataset collected from…
One way IFRS 17 might actually offer “business value”
May 20, 2018 by David GambrillWhile many in the P&C industry view IFRS 17 as an expensive time-suck that offers “no business value,” others believe the new financial standard could be a boon for product pricing. “One thing I’m really hoping that IFRS 17 [can…