Watch our Head of Insurance Stanislas Chambourdon give his insights into this quarter’s briefing from the KPMG Plage. The summer edition of the Insurance briefing covers a range of topics of interest to insurance professionals.

Mandatory Disclosure Rules (MDR) arose from the ambitious anti-tax avoidance project on Base Erosion and Profit Shifting (BEPS) that the OCDE launched in 2015.

IFRS 17 will transform insurance accounting. Ever since the new standard was announced, we have advised IFRS filers to prepare for the single biggest evolution in insurance reporting — larger than the implementation of IFRS and even greater than Solvency II.

While the 2019 Solvency II review delivers simplifications aimed at fixing unjustified constraints for insurers, we expect that the complete review in 2021 will include more significant changes.

Insurers are under more pressure than ever to effectively manage their current operating expense environment. Persistent low investment returns, ever-increasing competitive pressures and enduring excess capacity have hampered the industry's ability to grow revenue faster than the rate of operating costs.

The insurance industry will continue to face dramatic change in 2019 due to technological, economic and political shifts.

The selection process has typically been based on a number of criteria, including regulatory approach, taxation, access to a skilled workforce, and logistics.

Together we can...