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Indonesia: New RBC and technical reserves requirements
By Richard W. Holloway, David Kong | 22 September 2017
In this e-Alert, we highlight and compare changes in the capital and technical reserves requirements as set out in the circular letters from Indonesia’s Financial Services Authority.
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Hong Kong RBC: First Quantitative Impact Study
By Michael Daly, Paul Sinnott, Clement Bonnet, Phoenix Jiang, Scott Chow | 17 August 2017
This e-Alert provides an overview of the Hong Kong Risk-based Capital regime framework development to date and comments on some of the key issues that may have a material impact on the industry.
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2016 Embedded Value Results: Asia (excl. Japan)
By Paul Sinnott, Michael Daly, Richard W. Holloway, Wing F. Wong, Chihong An | 02 August 2017
This report compares and contrasts the various different approaches taken to embedded value reporting across Asian markets and insurers.
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IFRS 17 preparedness: 2017 survey feedback
By William C. Hines, Cici Zhang | 02 August 2017
Milliman’s survey measures the preparedness for International Financial Reporting Standard (IFRS) 17 among insurers.
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Global Takaful Report 2017: Market trends in family and general Takaful
By Farzana Ismail, Safder Jaffer, Lindsay Unwin, Amir Aiman Md Hassan, Khalid Alajaji, Yi Yee Tan | 10 July 2017
This report examines the growth of the global and family Takaful markets for 2012 to 2015.
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Lapses in concentration
By Neil Cantle | 06 July 2017
This report sets out the methodology and results of Milliman’s research investigation into the use of advanced systems mining techniques to determine how lapse experience for long-term insurance business might change according to the prevailing dynamics within the business and due to uncontrollable external factors.
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Emerging risk analytics: Application of advanced analytics to the understanding of emerging risk
By Neil Cantle | 21 June 2017
This report uses advanced machine learning algorithms, such as deep neural networks, to analyse social media conversations about Brexit.
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Global Takaful Report 2017: Market trends in family and general Takaful, abridged version
By Safder Jaffer, Farzana Ismail, Lindsay Unwin | 21 June 2017
This report examines the growth of the global and family Takaful markets for 2012 to 2015.
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Participating business in Asia: 2016 edition
By Alex Bryant, Richard W. Holloway, Paul Sinnott, Michael Daly, Wing F. Wong, Chihong An, Stephen H. Conwill, Farzana Ismail, David Kong, Philip Jackson | 09 June 2017
This report provides a comprehensive overview of participating insurance products in the Asian markets looked at through three lenses: a regional view, a brief analysis by country and a detailed country report.
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Asia retirement income report
By Wade Matterson, Richard W. Holloway, Paul Sinnott, Michael Daly | 05 May 2017
This report sets out perspectives and an analysis of the current and future state of the market for retirement income in Asia Pacific.
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Market Monitor UAE: Preliminary insurance disclosures
By Safder Jaffer | 27 February 2017
The UAE insurance market returned to profitability and accelerated its overall growth in 2016.
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2016 mid-year embedded value results (Asia excl. Japan): Growth amidst volatility
By Paul Sinnott, Michael Daly, Richard W. Holloway, Wing F. Wong | 16 December 2016
This report provides a summary of the mid-year 2016 embedded value results disclosed by Asian insurers.
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The rise of insurtech and new IT models of risk management
09 December 2016
The combined power of cloud computing and advanced data analytics is being harnessed to help insurers hone their modelling skills to better manage risk, cut costs and improve efficiencies.
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2015 Embedded Value Results: Asia (excl. Japan)
By Iwan Juwono, Chihong An, Michael Daly, Paul Sinnott, Richard W. Holloway, Sojung Lee, Wing F. Wong | 03 October 2016
This report compares and contrasts the various different approaches taken to embedded value reporting across Asian markets and insurers.
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The actuary and enterprise risk management: Integrating reserve variability
By Jeffrey A. Courchene, Mark R. Shapland | 22 August 2016
This paper develops and examines a framework for reserve distribution testing and validation and demonstrates its use with real datasets within an enterprise risk management framework.
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IFRS 4 Phase II Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts: Update
By Kurt Lambrechts, William C. Hines | 28 July 2016
This note, an update of the January 2016 briefing note, discusses the board’s decisions regarding amendments in International Financial Reporting Standards (IFRS) 4 Insurance Contracts.
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Draft Risk Based Capital 2 Framework for Thailand
By Michael Daly, Sing Yee Yeoh | 12 July 2016
This e-Alert compares the key changes proposed in the Risk Based Capital 2 (RBC 2) framework with the existing RBC framework and explains what these changes, if adopted, may mean for the Thai life insurance industry.
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New life insurance regulations in India: January 2016
By Philip Jackson, Richard W. Holloway, Sanket Kawatkar, Shamit Gupta | 29 January 2016
The Insurance Regulatory and Development Authority of India (IRDAI) has released a number of new regulations and draft (proposed) regulations after the passage of the Insurance Laws (Amendment) Act 2015.
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IFRS 4 Phase II: Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts
By William C. Hines | 28 January 2016
This briefing note discusses transition issues due to the different effective dates of International Financial Reporting Standard (IFRS) 9 Financial Instruments and the forthcoming new IFRS 4 Insurance Contracts. The brief also examines the proposed amendments to address these transition issues.
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Analysis of China’s new C-ROSS solvency capital regime
By Sam Morgan, Wilson Tian, Sharon Huang, Wing F. Wong | 14 December 2015
This report focuses on life insurance and covers the China Risk Oriented Solvency System’s (C-ROSS) three-pillar structure, quantitative field testing results, international standards, and observations and potential issues around the new regime.