by Regitze Ladekarl, FRM | Dec 4, 2023 | Climate Risk, Risk Report
Bad COP, Good COP, Take 28 This weekend is the COP28 (which stands for the 28th meeting of the conference of the parties (COP) to the UN Framework Convention on Climate Change (UNFCCC)). It’s being held in Dubai, ten-thousands of people are flying in from all over the...
by Regitze Ladekarl, FRM | Oct 30, 2023 | Risk Report
Worry is within the purview of Team Regulator, and they do it well. This week, Gary Gensler of the SEC voiced his concern to FT that AI will cause substantial financial instability within the next decade. So here is his thinking: Financial institutions, especially...
by Regitze Ladekarl, FRM | Oct 23, 2023 | Climate Risk, Risk Report
It might not be the most spectacular Florida Man story, but it is one of the more concerning ones. In this year of extreme weather events—September was the warmest on record ever—insurance companies are adapting their business models to what is here and will keep...
by Tolani Makanjuola | Apr 25, 2023 | Business Analytics, General, Regulations
The multi-year implementation of the IFRS 17 accounting standard (“the standard”) has required significant enterprise-wide technology changes that have predictably proved challenging and complex for the insurance industry. Since 2017, industry players have...
by Joey Doyle | Oct 3, 2022 | Climate Risk, Regulations, Uncategorized
This blog series explores initial industry research into managing climate risk so that you understand what is at stake for your financial institution (FI), as well as how to get started with measuring and mitigating this emerging source of risk. We have presented an...
by Carmen Loh | Mar 15, 2022 | Regulations
Existing accounting practices in the insurance industry are inconsistent and unclear. This has led to the issuance of IFRS 17 Insurance Contracts – the first international Standard for insurance contracts. Because this Standard is based solely on principle and does...
by Cooper Brooks | Feb 28, 2022 | Data
This series focuses on Data Governance in Financial Institutions. Our first post introduced the fundamentals of Data Governance. This discussion centers on how to find root causes of problems in organizations and recommend actions to solve them. When analyzing deep...
by Cooper Brooks | Jan 27, 2022 | Data, Uncategorized
This blog series will focus on Data Governance in Financial Institutions. Our first post introduces data governance fundamentals. It will be followed by a discussion of root cause analysis, metadata, the five stages of data governance deployment, and a final blog that...
by Dominic Pazzula | Jun 16, 2021 | Private Capital Forecasting
The FRG Private Capital Forecasting (PCF) solution recently released a module for optimal pacing. Pacing refers to the planning of future commitments. Future commitments encompass a decision on commitment size as well as a decision on commitment timing. This is done...
by Carmen Loh | Jun 3, 2021 | Regulations
Previously, we talked about the 5 Ws of IFRS 17. This blog post (Part 2) will discuss the H: How does IFRS 17 replace IFRS 4? A Consistent Model Figure 1: The components that make up IFRS 17 insurance contract liabilities.[1] IFRS 17 introduces the General Measurement...
