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AI is only used for reserving by a fraction of insurers worldwide
23 July 2024But LCP survey found 53% of teams said they plan to increase usage in the future
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Solvency UK reform expected to impact insurers' model governance most
18 June 2024Results from Grant Thornton's 2024 general insurance capital modelling survey
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Grant Thornton: AI shunned by general insurers for capital modelling
23 May 2024Igloo was cited as the most popular platform for capital modelling by UK non-life insurers
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Why AI could be a driver for finance and actuarial transformation
29 September 2023Grant Thornton event hears frustrations with legacy systems
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GCC insurers find the positives in IFRS 17 implementation
19 September 2022IFRS 17 compliance is tougher for insurers in emerging markets such as the Gulf Cooperation Council. Despite the challenges, the sector is optimistic about potential benefits, as Joshua Geer reports
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Discount rates a major factor for IFRS 17 PAA eligibility in reinsurance
23 May 2022Reinsurance contracts with longer coverage periods are not automatically eligible for PAA
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UK insurers stalling on IFRS 17 disclosure
11 May 2022Grant Thornton analysis of 2021 reports finds little information beyond project progress
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Don't ignore final IFRS 17 interpretation, says UKEB
27 April 2022UK endorsement body expects final adoption decision soon after tentative vote
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Climate risk not explicitly included in most insurers' capital models
23 March 2022Igloo remains most-used platform but Tyche's popularity has increased since 2020
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Lloyd's chief actuary joins Guy Carpenter
13 May 2019Broker makes two other hires for risk and accounting advisory team