Financial Services

How to calibrate the IFRS 17 risk adjustment to arrive at an economic value?

A generic framework for the economic valuation of Insurance Liabilities allows companies to calibrate their risk margin to reflect a truly market-consistent value.
13

A lack of radical change hits Swiss private banks’ performances

Analyzing the performances of 85 of Switzerland’s 114 private banks produces a bleak picture. Almost every key performance indicator (KPI) deteriorated in 2016 – sometimes significantly. The vast majority of banks have not taken the action needed to reverse their decline.
9

What’s the best option for your business on transition to IFRS 16?

Implementation projects are costly and data requirements extensive. But a careful use of transition options and practical expedients optimize the trade-offs between cost, timing and comparability – and your company’s profit in the post-transition years.
10

Digital labor, regtech and insurtech: Opportunities or threats?

Digitalization has come a long way in the past few years, moving from buzzword to strategic imperative. Driven by a quest for efficiency and effectiveness, and by the growing demands and expectations of customers, regulators and other stakeholders, it now touches almost every part of our businesses.
11

Enterprise Risk Management: time to shift gear

Chief Risk Officers of (re)insurance companies are presented with a long awaited opportunity to reposition the profile of their function and create value for customers, shareholders and the public at large but their departments need to evolve rapidly to cope with the challenges this entails.
5

Satisfying the human factor: High Tech, High Touch business models in insurance

Insurers are rethinking their business models to meet customers’ evolving expectations, to seize opportunities arising from digital labor and to navigate the complexity of claims management, data and governance. Find out how in KPMG’s latest Clarity on Insurance Digitalization.
4