MBE Consulting’s Andries Beukes and Ben Herrett recently sat down with Ashley Smith at CSS. In the podcast – Solvency II Review and What’s Next for Insurers, they discuss the increased drive by asset managers to attract insurance investors.
Data Visualisations are more than just pretty pictures and visual aids which make learning easier. Many people dismiss data visualisation, believing that all important information can be divined through statistical analysis.
The insurance industry has developed organically over centuries, its growth fuelled by meeting societal needs, but accelerated by historically unscrupulous sales practices. Of course, the latter have been curbed in recent years by increasingly strict regulation in areas such as commission and capital management, but the industry reaps the benefits of history.
Around the world, regulators are recognizing the magnitude of risk posed by unmanaged end user computing (EUC) applications, such as spreadsheets. Pamela Hellig discusses the challenges raised by complying with regulations such as VAIT, and how these can be resolved in collaboration with our EUC software partner, Apparity.
MBE publishes A Calculated Risk, a report summarising our analysis of the 2020 benchmarking exercise on insurers’ current thinking and actions regarding the IFRS 17 risk adjustment and confidence level.
Our client had selected a software provider for their IFRS 17 solution. MBE was able to reduce the total estimated spend from R40 m to R7 m.
Complying with the IFRS 17 insurance contracts accounting standard is hard work, especially for firms writing long-term contracts. Pamela Hellig discusses the potential for the premium allocation approach to relieve the pressure.