In the prevailing hard reinsurance market, global reinsurance capital has shrunk (Williams, T. 2022) and traditional reinsurance protection is becoming increasingly expensive for insurers. Therefore, finding support…
With the new insurance accounting standard AASB 17 Insurance Contracts effective for reporting periods commencing 1 January 2023, the vast majority of Australian insurers are well-progressed in their AASB 17…
In the first article of this series, I’ll examine recent issues and explore what uplifts may be required in risk management and controls going forward. This article will review a…
Reinsurance optimisation is an integral part of managing a modern insurance business. Too much or inappropriate reinsurance can reduce potential profits by passing on profits to reinsurers. Inadequate or ineffective…
Posted 2 December 2022
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