Six considerations in dealing with the impact of Covid-19

The article was originally published on by Jim Liddy, Leadership, Chairman, Global Financial Services. Unfortunately, we will be dealing with the effects of the Covid-19 pandemic for the foreseeable future.  What we observe currently is that business leaders across the globe are consistently focused on six principal challenges in dealing with the im […]

ESG for insurers: from marketing consideration to better executive judgment

Why insurers need to integrate ESG Today, financial players are hungrier than ever to understand the relationship between ESG (Environmental, Social and Governance) factors and entities’ improved performance. Greatly affected by environmental changes, the insurance industry is no exception. As the largest institutional investor group in Europe — an […]

Global insurers must innovate now…or pay the price.

KPMG’s Global CEO Outlook 2019 is a report based on a survey of 1,300 CEOs across 11 of the world’s largest economies. Read on as we take a deeper dive into the key trends and hot topics impacting insurance organizations worldwide. Agility builds resilience Our report shows that insurance CEOs are confident in business growth over the next few years, yet […]

Inside the new IFRS 17 amendments (insurers, take note)

The International Accounting Standards Board (IASB) has recently published its proposed amendments to IFRS 17 Insurance Contracts. The amendments seek to make it easier for insurers worldwide to implement IFRS 17, a standard aiming to improve comparability in the sector, increase transparency on business profitability, and generate more insights on individual fi […]

The hot summer of alternative investments: Solvency II updates

Following the publication of the latest Solvency II amending regulation, the time is now ripe for (re)insurance companies to seize new opportunities in private equity and debt assets. After several months of preparation, the European Commission has recently published its amending regulation on Solvency II, the CDR (EU) 2019/981, effective as of early July 201 […]

Mandatory Disclosure Rules: five key questions for insurers

The Mandatory Disclosure Rules (MDR) arose from the ambitious anti-tax avoidance project on Base Erosion and Profit Shifting (BEPS) that the OECD launched in 2015. The MDR Directive, also known as DAC 6, is the latest EU initiative regarding the automatic exchange of tax information. Aimed at identifying harmful tax practices and further increasing tax transp […]