How does IFRS17 Change the Use of Reinsurance for Capital Management?
Insurers around the globe have used reinsurance as a capital and financial management tool for decades. Every change in capital or accounting rules naturally causes an evolution in the relevant solutions that are needed. IFRS17 is likely no different, but we don’t yet know the full degree of the resulting evolution. While insurers have been greatly focused on simply implementing IFRS17, reinsurers have been excitedly imagining new opportunities and new solutions ahead. Paul Sauvé will examine this hopeful anticipation in a sober light and share a framework for how to ask and answer the right questions.