We have prepared a round-up of the top 10 articles on the Milliman Ireland website in 2020. The year 2020 was a year like no other with COVID-19 dominating the headlines. It’s no surprise then that COVID-19 also ranked highly in our list of most read articles for the year. However, it was our in-depth look at reinsurance as a capital management tool for life insurers that topped the list this year, with a wide range of articles making up the rest of the top 10, covering EIOPA’s Solvency II 2020 review, SFCR analysis, healthcare systems and more.
Here is the list of our top 10 most read articles for 2020.
1. Reinsurance as a capital management tool for life insurers
Reinsurance is one of the key capital management tools available to insurers. Several reinsurance structures are available, each with its own advantages and disadvantages, and requiring experience and expertise to make optimal decisions.
2. Impact of COVID-19 on the Irish Insurance Industry
Unprecedented shifts in demand, operational disruption and shocks to financial markets affected all aspects of the Irish insurance industry, including life, non-life and health insurers and reinsurers. While the pandemic is testing the industry’s resilience, it could also present opportunities.
3. EIOPA consultation paper on the opinion on the 2020 review of Solvency II
In October 2019, EIOPA published a consultation paper on its opinion on the Solvency II 2020 review. This briefing note summarises EIOPA’s proposals in the consultation paper. Keep an eye on our Solvency II 2020 review webpage for the latest updates from EIOPA.
4. CBI Consultation Paper on the Regulations for Pre-emptive Recovery Planning for Re(insurers)
On 25 June 2020, the Central Bank of Ireland released a public consultation paper on proposals to introduce formal recovery planning requirements for (re)insurers. This briefing note summarises the draft regulations and accompanying guidelines.
5. Solvency II 2020 review
On 25 June 2019, EIOPA published a first wave of consultation papers on its proposals for the 2020 Review regarding supervisory reporting and public disclosure and insurance guarantee schemes. Briefing notes that Milliman wrote about each of these papers can be found here. On 15 October 2019, EIOPA issued a second wave of consultation covering a wide range of areas. A briefing note giving a high level summary of this second wave of consultation is available here. Keep an eye on our Solvency II 2020 review webpage for the latest updates from EIOPA.
6. Milliman Breakfast Briefing: 22 January 2020
At our only in-person briefing of 2020, Eoin King provided an overview of the Solvency II 2020 review, Bridget MacDonnell discussed the latest risk management developments and Aisling Barrett provided an overview of 2018 SFCR information for the Irish insurance industry and discussed harmonisation.
7. How to equalise risk in healthcare systems
In many healthcare systems and health insurance markets around the world where risk rating is not allowed, risk equalisation is used to enhance consumer protection and market stability. In this paper we have set out a 'how-to' guide to risk equalisation, or risk adjustment.
8. Analysis of Solvency and Financial Condition Reports Year-end 2019: Life insurance companies based in Ireland - December 2020
This report analyses the SFCRs of life insurance companies in Ireland at year-end 2019, covering written premiums, investments and solvency ratios.
9. Milliman Data Science Survey for Non-Life Insurance
Non-life (re)insurers are continuing to take a growing interest in data science. Here, actuaries discuss the results of a 2019 survey of activity in this area.
10. Analysis of life insurers’ solvency and financial condition reports year-end 2019: European life insurers
This report focuses on the solvency and financial condition reports published in 2020, which refer to year-end 2019. The analysis of the European life insurance market covers more than 690 companies from 31 countries and one territory, representing approximately €824 billion of gross written premium and approximately €7,981 billion of gross technical provisions.