Category Archives: Europe

5 key considerations to mitigate risks amid growing political and social unrest

A woman in a window encouraging protesters demonstrating and marching

When it comes to the combustible world of political unrest, companies that plan ahead and review both their risk appetite and insurance coverage are well-placed to manage the hazards. Continue reading →

IFRS 17: Tinder for insurance accountants and actuaries?

Businesswoman check data in smartphone and tablet

As the International Accounting Standards Board (IASB) irons out a number of kinks in IFRS 17, one thing that won’t change is the need for actuarial and finance teams to work seamlessly to hit reporting deadlines once it’s implemented. Continue reading →

Unrest and uncertainty: Understanding the consequences of Brexit for businesses

Red phone booth on London street with Big Ben and other buildings in the background

One of the primary consequences of Brexit could be the continuing ability of law enforcement to share information and coordinate their activities. Continue reading →

Avoid a reporting crisis: Turning words into reality

Faut-il réinventer le salaire de base?

A major European insurer has demonstrated how a well-constructed reporting process transformation project can reap significant benefits when dealing with proliferating and ever-tighter deadlines. Over a recent series of blogs, we’ve highlighted the growing pressures on insurers’ reporting processes and … Continue reading →

The E.U.’s Network and Information Security Directive: How should transportation companies respond?

On August 8, the U.K. government announced it was considering fines of up to £17 million, or 4% of global turnover, for companies that fail to implement cybersecurity measures set out in the Network and Information Systems Directive (NISD). But … Continue reading →

Avoid a reporting crisis: Useful tips – Part 2

Implementing reporting process transformation has to be a multi-discipline, collaborative exercise. Continuing our recent series of blog posts on the driving forces behind reporting process transformation in European insurance companies and some tips for achieving it, we move on to … Continue reading →

Solvency II makes M&A harder – Educated guesswork isn’t good enough

close up of employees hands pointing to papers with charts. Laptops, tablets and phones are displayed on the table

Sellers of life insurance portfolios have to meet buyers’ growing expectations for understanding the capital implications of a transaction in advance of a deal. Two overriding issues have shaped mergers and acquisition (M&A) activity in the European life insurance market … Continue reading →

Avoid a reporting crisis: Useful tips – part 1

Reporting process transformation is becoming a major issue for many European insurers. As previewed in our recent blog post, a few tips that we’ve gathered from the work we’ve been doing in this area may help companies along the way. … Continue reading →

Guide to GDPR for tech, media and telecommunication companies

On April 14, 2016, the European Parliament voted to adopt the General Data Protection Regulation (GDPR). The regulation will come into effect on May 25, 2018. The purpose of the regulation is to further harmonise national data protection laws across … Continue reading →

Avoid a reporting crisis

Many European insurers’ existing financial and capital reporting processes are becoming increasingly unworkable and unsustainable in the face of burgeoning regulatory and accounting demands. Process transformation, rather than constant fire-fighting, is emerging as the only long-term solution. The Solvency II … Continue reading →