Insurance Week of Webinars

Our series of 30-minute webinars covered pertinent regulatory and reporting obligations for insurers' year-end reporting.

The recordings and slides are available below.

Climate, Nature and Sustainability: Complying with additional sustainability reporting requirements

With increasing sustainability reporting requirements, insurers need to focus more on climate-related disclosures in their financial statements and beyond. In this session, we talk about regulatory updates on climate change and sustainability reporting, and also upcoming regulations beyond TCFD – TPT, ISSB, TNFD, anti-greenwashing rules. There are also increasing reporting requirements for those insurers that are not required to present TCFD-aligned disclosures, which we also covered in this session.

The session was led by our climate and sustainability specialists: Paul Hamalainen – Financial Services Regulations Director and Cynthia Mukiwa – Insurance ESG and Climate Risk Lead.

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Corporate reporting requirements: What insurers should focus on in 2023 year-end accounts?

Good quality annual reports rapidly turn from ‘nice to have’ best practice to an ‘absolutely required’ compliance matter. This session concentrates on key areas of the FRC Annual review of corporate reporting issued in October that are relevant to insurers. Key topics include: economic environment, judgements and estimates relevant to insurers, regulation updates, future regulatory developments and changes to corporate governance code.

The session was led by our technical accounting specialists: Vitalina Kobernik – Insurance Technical Accounting Lead and Susanne Pust Shah – Accounting Technical Services Senior Manager.

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Consumer Duty requirements: Are you prepared to confirm compliance?

Boards must be ready to approve the first annual assessment of compliance with the Consumer Duty. Firms will need to provide commentary in the annual report around how they have managed the risk associated with the new rules. The webinar provides examples of good practice from our post-implementation reviews and wider lessons learned. We translate the challenges into practical solutions which firms will need to consider.

The session was led by our regulatory compliance specialists: Sarah Ouarbya – Partner, David Blunt – Senior Advisor and Jessie Jones – Director.

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Pillar 2 GloBE and focus on deferred tax assets: Get ready for 2023 year-end disclosures

The new global tax reform will have significant implications for large insurance groups. During this webinar, we talk about the financial statements’ disclosures required under IAS 12 and FRS 102 for the new global 15% minimum tax (Pillar 2 GloBE). The accounting regulator has been paying particular attention to deferred tax assets. This webinar will cover key deferred tax considerations, particularly in the context of Pillar 2. 

The session was led by our tax specialists: Neil Rolfe – Head of Insurance Tax and William Hayter – Insurance Tax Director.

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Solvency II reform: are you taking advantage of the upcoming changes?

The move from Solvency II to Solvency UK opens new opportunities for changes to the management of the insurers’ capital. Major reforms are expected on Risk Margin, Internal Model Approvals and Matching Adjustment. We discuss what the potential implications of these reforms are, and how insurers can best respond by adapting their processes in time.

The session was led by our actuarial specialists: James Isherwood – Head of Life Insurance and Marinos Savvides – Associate Director.

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Documents

Insurance Week of Webinars - Solvency II reform
Insurance Week of Webinars - Pillar 2 GloBE and focus on deferred-tax-assets
Insurance Week of Webinars - Corporate reporting requirements
Insurance Week of Webinars - Consumer Duty requirements
Insurance Week of Webinars - Climate Nature and Sustainability.pdf