Twenty Third Floor

Figuring out the future and the now

Category: Featured

costofcapital, creating value, Embedded Value, Featured, financial reporting, IFRS17, life insurance, measurement

IFRS17 may not kill off EV

11 May 2024

David Kirk

Will IFRS17 kill off Embedded Value (EV) reporting in Africa? Or will it finally bring Market Consistent Embedded Value (MCEV) to life? I gave a presentation at the Life Assurance Seminar 15 years ago on MCEV. It took off in the UK but didn’t become popular in South Africa. That might be changing. Some insurers…
Read more: IFRS17 may not kill off EV
Actuarial and Risk, Featured, financial reporting, IFRS17, insight, life insurance, measurement, microinsurance, Solvency Assessment and Management

A wild idea

20 March 2024

David Kirk

I’ve been brewing a wild idea for a while. Insurance regulations weren’t written with IFRS17 in mind. This causes some head scratching when it comes to premium volume measure for non-life insurance, but common sense gets you to the right answer without much trouble. Those who say otherwise seem to be looking for problems where…
Read more: A wild idea

About David Kirk

Featured Posts

Why Actuarial Model Migrations Are Hard
by David Kirk
Every few years, someone in the room says it. Maybe it is the new CTO. Maybe it is a consultant. Maybe it is you, staring… Read more: Why Actuarial Model Migrations Are Hard
The “Indemnity Trap”: Why Outdated Legal Models are Deferring the Promise of Parametric Insurance
by David Kirk
Parametric insurance is often marketed as the “clean” alternative to traditional risk transfer. The pitch is compelling: if a hurricane hits a specific GPS coordinate… Read more: The “Indemnity Trap”: Why Outdated Legal Models are Deferring the Promise of Parametric Insurance
The Complexities of Comparing SCR Cover Ratios Across Insurers
by David Kirk
In the insurance industry, we often use Solvency Capital Requirement (SCR) cover ratios as a key metric for comparing insurers’ financial strength. While these ratios… Read more: The Complexities of Comparing SCR Cover Ratios Across Insurers
One answer could be pet insurance
by David Kirk
I firmly believe major demographics shifts are going to have massive social, political, economic, financial market and commercial impacts in the coming decades. The balance… Read more: One answer could be pet insurance
A piece of the failure puzzle – decreasing insurer failure rates through Skilled Person Reviews
by David Kirk
Every failure hits policyholders’ savings or cover, impact their lives and their livelihoods. They destroys shareholder value and decrease confidence in the entire financial sector.… Read more: A piece of the failure puzzle – decreasing insurer failure rates through Skilled Person Reviews
How and why insurers fail
by David Kirk
I’ve been updating my presentation from 2021 on “How and Why Insurers Fail”. I now estimate the annual failure rate (or at least getting into… Read more: How and why insurers fail
The hidden dangers of opinion shopping and trusting good news.
by David Kirk
I had a recent discussion on the value of getting a second opinion. There’s the old line that “if you want five opinions, ask three… Read more: The hidden dangers of opinion shopping and trusting good news.

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