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.
Pamela Hellig considers how actuaries can learn from the principles of bioethics in carrying out their fiduciary duties.
On International Women’s Day, Pamela Hellig celebrates the first women actuaries, and charts the rise and demise of the Lady Actuaries Dining Society.
Pamela Hellig considers the main points product development actuaries may need to think about when designing and pricing products in an IFRS 17 world.
Two years into IFRS 17 preparations, Senior Actuarial Manager Pamela Hellig talks to four MBE directors about where they think companies are on the road to implementation.
Although Solvency II obliges insurers to disclose material information, the regulations do not define what makes an asset material. Materiality is about more than just market value. Insurers need to start paying more attention to capital requirements than market value when it comes to setting materiality thresholds… because risky dynamite often comes in seemingly insignificant packages…
Asset managers can be a valuable resource when it comes to ensuring that the data used in Solvency II calculations is compliant with TAS.