Insurance videos

Insurance: insights to IFRS 17 videos

Feb 2018

The new Insurance standard IFRS 17 will be effective for the period starting on or after 1 January 2021.   It will not only change the measurement of the liability, but also change what the profit recognition is over the term of the contracts and what your income statement looks like.  As we get into more of these videos, you’ll see that the measurement uses data that is not data the insurers necessarily have used in the past, so that operational and system implications are huge around IFRS 17.  So what we want to do in this series of videos is really to break that standard down into bite-sized chunks, reflect on different elements of the standard and hopefully help you as you implement IFRS 17.

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How are insurance CEOs ensuring their workforce is fit for the future?

Aug 2017 

Foward-looking insurers are developing new human capital strategies as they seek to develop more creative, adaptable and digitally-savvy workforces.

Watch our PwC Insurance leaders across Asia share their insights.

IFRS 17: The countdown has started 

Jul 2017 

For many insurers in Asia, IFRS 17 will be the largest financial reporting project they have undertaken for many years. 

At PwC, we have invested in a world-class team across Asia that is ready to support the industry in its preparations. By carefully planning your implementation with your other in-flight projects and defining a financial system architecture according to your existing system landscape, this will provide you with a much effective and cost-benefit solution to support future changes.

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How are insurance CEOs keeping pace with technological change?

Jun 2017

Cutting edge customer interaction and data analytics have enabled InsurTech businesses to set the pace in the marketplace. The growing presence of InsurTech companies could open up valuable opportunities for insurers and enable them to make the leap from incremental to breakthrough innovation. How should insurers equip themselves to compete?

Watch our PwC  insurance leaders from across Asia share their insights on how insurance CEOs are keeping pace with technological change.

How are insurance CEOs dealing with disruption and change?

May 2017

Insurance CEOs' concerns over regulation, technological change, shifting customer behaviour, and new competitors are continuing to rise. However, insurance CEOs are also among the readiest to embrace disruptive change. 

Watch some of our PwC Insurance leaders share their insights.

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How InsurTech is reshaping insurance

Mar 2017

In this video, Henri Arslanian, our FinTech & RegTech Lead for China and Hong Kong, talks about how InsurTech is reshaping the insurance industry. InsurTech presents numerous opportunities for insurance firms - from developing new solutions to respond to changing customers needs, to finding better ways of leveraging data and analytics and finding new approaches to underwriting risks.

GN16 - What do you need to do now?
Nov 2016

The Office of the Commissioner of Insurance has issued a guidance note, GN16, on underwriting long-term insurance business. This is designed to ensure the fair treatment of policyholders throughout the entire lifespan of their policies.

Already in effect for new products, the requirements will start to apply to existing products from 1 January 2017. This will lead to major changes in product design, communication, sales processes and governance. How can you avoid the potential pitfalls that await?

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IFRS for insurance - Taking the time to get it right
Sep 2016

The IASB is in the final stages of preparing to issue the new International Financial Reporting Standard for insurance contracts. These final stages, and participation in the IASB's field work, gives the industry a great opportunity to plan ahead, develop an approach to implementation, and plan where time and effort should be spent effectively. As the Standard comes into sharper focus, insurers are also turning their attention to the strategic implications of the new disclosures and the opportunities that the Standard will create to enhance investors' understanding of shareholder value creation.

How can insurance CEOs succeed in the fast changing market?
Jul 2016

The insurance industry is grappling with rapid technological change, shifts in customer behaviour, and growing competition from new market entrants. Meanwhile, there are also significant opportunities opening up in the marketplace. 

Watch our PwC Insurance leaders across UK, Singapore, Hong Kong and India share their insights on the Asia market.

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The future of insurance
Jun 2016

What if you could put your customers' needs at the heart of design, helping them with the big life changing experiences as well as the day-to-day challenges? With the new wave of digitally-enabled solutions, this is now a reality.

Standardising international insurance capital regulations: the International Capital Standard for Internationally Active Insurance Groups
Jun 2016

Chris Hancorn, actuarial Partner and Saskia Bosch van Rosenthal, insurance regulatory Director, discuss the development of the International Capital Standard for Internationally Active Insurance Groups, and some of the implications for insurers in Asia.

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What is happening in the insurance industry today?
May 2016

Insurance is undergoing fundamental transformation in Asia, with a number of changes shaking up the industry. Disruption in regulation, major technology innovations, and new industry players are at the top of insurance CEOs' minds.

Watch our PwC Insurance leaders across Hong Kong, Japan, and China share their insights on the Asia market.

Insurance industry insights: C-ROSS and its impact on insurers
Mar 2016

C-ROSS, the new risk based solvency system, is effective from the first quarter of 2016. This new regime shifts the focus away from compliance monitoring and capital, over to evaluation of the risk profiles of insurers and the quality of their risk management and governance systems. The implementation of C-ROSS will affect Hong Kong insurers with operations in China. Not only should these insurers understand C-ROSS technically, but they should also be aware of how C-ROSS can be used to support management decisions and help them benefit from the opportunities in this growing market.

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Insurance industry insights: Technology's impact on the insurance industry
Feb 2016

Technology is a driving force of change across all industries. Yet most of the time, the vision gets ahead of the operational transformation. Watch Rick Barto, Partner, PwC Hong Kong, share his views on how technology can be the key to business success in the insurance industry.

Equipping your business for the global tax revolution
Jan 2016

The international tax environment has been changing rapidly in recent years. As a result, the priorities of the tax function within many organisations have shifted from simply minimising the effective tax rate to managing tax risks, putting in place tax governance structure and controls within the organisations. Together with other challenges ahead, how can tax teams equip themselves for the future?

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