Solvency

Phoenix Holdings Reports Results for the First Quarter of 2022

Retrieved on: 
Tuesday, May 31, 2022
Other Professional Services, Professional Services, Insurance, Finance, Income, Company, NIS, Multimedia, Goal, Insurance, Solvency, Solution, TASE, Total, Tel Aviv Stock Exchange, Efficiency, Holding, Technology, Asset, Financial statement, Group, AA, Acquisition, Growth, The Phoenix Companies, Financial services, Security (finance), Online gambling, Mobile phone, Public utility, Risk management, Holding company, Bank, Marketing, Renewable energy, Life insurance, Cryptocurrency, Phoenix, Nostro and vostro accounts

Phoenix Holdings Ltd., a leading Israel-based diversified financial, insurance, and investment group (TASE: PHOE) (Phoenix or Company), today reported its results for the first quarter of 2022.

Key Points: 
  • Phoenix Holdings Ltd., a leading Israel-based diversified financial, insurance, and investment group (TASE: PHOE) (Phoenix or Company), today reported its results for the first quarter of 2022.
  • In 2022, Phoenix Holdings will distribute dividends to its shareholders semiannually, based on 30% of the annual comprehensive income.
  • Phoenix Holdings reports its financial results for the Q1 2022 reflecting the continued execution of the strategic plan.
  • Phoenix Holdings is a leading Israel-based diversified financial, insurance, and investment group traded on the Tel Aviv Stock Exchange (TASE: PHOE).

AM Best Adds ‘Solvency II Life Underwriting by Line of Business’ Analysis Feature to Best’s Financial Suite – Solvency II

Retrieved on: 
Thursday, May 26, 2022
Banking, Professional Services, Insurance, Finance, News, Insurance, Solvency, Line of business, Industry, ALL, Microsoft Excel, QRT, Mobile phone

Bests Financial Suite Solvency II subscribers can now automate their analysis of Solvency II life line-of-business data using a new BestLink for Excel data template feature.

Key Points: 
  • Bests Financial Suite Solvency II subscribers can now automate their analysis of Solvency II life line-of-business data using a new BestLink for Excel data template feature.
  • The new template, Solvency II Life Underwriting by Line of Business, derived from QRT Form 05.01.02.02, allows users to generate life by-line premiums, claims and expense data and ratios for selected companies and refresh the data at the push of a button.
  • This enhancement also allows subscribers to create reports for life by-line data in BestLink for Excel and integrate the data with other analyses using standard Excel features.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Hotai Insurance adopts CCH® Tagetik expert solution from Wolters Kluwer to meet IFRS 17 requirements

Retrieved on: 
Tuesday, May 24, 2022
Risk, Wolters Kluwer, Engineering, General manager, Research, AEX, ADR, American, Euronext, Disclosure, Solvency, Solution, WKL, IFRS 17, Greater China, Accounting, Euronext Amsterdam, Compliance, IFRS, CFO, Risk management

TAIPEI, Taiwan, May 24, 2022 /PRNewswire/ -- Wolters Kluwer, a global leader in professional information, software solutions and services, today announces that Hotai Insurance has adopted CCH® Tagetik IFRS 17 expert solution to meet the requirements of IFRS 17 and automate its data processes for timely reporting. The project will be jointly led by the Taiwanese partner, Anhou Enterprise Management Co.

Key Points: 
  • TAIPEI, Taiwan, May 24, 2022 /PRNewswire/ -- Wolters Kluwer , a global leader in professional information, software solutions and services, today announces that Hotai Insurance has adopted CCH Tagetik IFRS 17 expert solution to meet the requirements of IFRS 17 and automate its data processes for timely reporting.
  • IFRS 17 goes into effect on January 1, 2023, and it is expected that Taiwan will officially implement this international standard in 2026.
  • Following a critical evaluation of various vendors, Hotai recognized the complexity and challenge of the IFRS 17 requirements, and selected CCH Tagetik as the best software solution for accelerating its related financial transformation.
  • "With the deadline approaching, it is critical for clients to have a professional system that can facilitate the smooth transition to IFRS 17," said Michael Chung, General Manager of Greater China, CCH Tagetik at Wolters Kluwer.

Hotai Insurance adopts CCH® Tagetik expert solution from Wolters Kluwer to meet IFRS 17 requirements

Retrieved on: 
Tuesday, May 24, 2022
Risk, Wolters Kluwer, Engineering, General manager, Research, AEX, ADR, American, Euronext, Disclosure, Solvency, Solution, WKL, IFRS 17, Greater China, Accounting, Euronext Amsterdam, Compliance, IFRS, CFO, Risk management

TAIPEI, Taiwan, May 24, 2022 /PRNewswire/ -- Wolters Kluwer, a global leader in professional information, software solutions and services, today announces that Hotai Insurance has adopted CCH® Tagetik IFRS 17 expert solution to meet the requirements of IFRS 17 and automate its data processes for timely reporting. The project will be jointly led by the Taiwanese partner, Anhou Enterprise Management Co.

Key Points: 
  • TAIPEI, Taiwan, May 24, 2022 /PRNewswire/ -- Wolters Kluwer , a global leader in professional information, software solutions and services, today announces that Hotai Insurance has adopted CCH Tagetik IFRS 17 expert solution to meet the requirements of IFRS 17 and automate its data processes for timely reporting.
  • IFRS 17 goes into effect on January 1, 2023, and it is expected that Taiwan will officially implement this international standard in 2026.
  • Following a critical evaluation of various vendors, Hotai recognized the complexity and challenge of the IFRS 17 requirements, and selected CCH Tagetik as the best software solution for accelerating its related financial transformation.
  • "With the deadline approaching, it is critical for clients to have a professional system that can facilitate the smooth transition to IFRS 17," said Michael Chung, General Manager of Greater China, CCH Tagetik at Wolters Kluwer.

DGAP-News: Deutsche Familienversicherung reaches profit zone with 37% growth

Retrieved on: 
Thursday, May 19, 2022
Frankfurt, Orthodontics, ISIN, EUR, OPEX, Dentures, Insurance, Solvency, Tax, Health, DFV, Efficiency, Industry, Simple, Dental care, Growth, CEO, Stiftung Warentest, Airline, Renewable energy

Frankfurt am Main, 18 May 2022 DFV Deutsche Familienversicherung AG ("DFV", "Deutsche Familienversicherung"), a digital insurer and leading InsurTech company in Europe, has again posted significant growth and improved earnings in the first quarter of 2022.

Key Points: 
  • Frankfurt am Main, 18 May 2022 DFV Deutsche Familienversicherung AG ("DFV", "Deutsche Familienversicherung"), a digital insurer and leading InsurTech company in Europe, has again posted significant growth and improved earnings in the first quarter of 2022.
  • The consolidated profit before tax improved significantly to EUR 1.4 million in the first three months of 2022 (Q1 2021: EUR -0.1 million).
  • In the last 15 years, Deutsche Familienversicherung has received a total of over 180 seals of approval.
  • DFV confirms its positive outlook for the current financial year: the company expects to continue its strong growth in 2022.

DGAP-News: Allianz achieves 3.2 billion euros operating profit - Group on track to meet full-year targets

Retrieved on: 
Thursday, May 12, 2022
CIR, Income, Allianz, EPS, Roe, Structuring, Policy, Solvency, PVNBP, NBM, Aviva, Om, VNB, SME, Acquisition, Asset management, Internal, Security (finance), Insurance, Renewable energy, Chemical, Financial services

- Operating profit remains strong at 3.2 billion euros.

Key Points: 
  • - Operating profit remains strong at 3.2 billion euros.
  • The decline reflects the impact of an additional pre-tax provision of 1.9 billion euros related to the AllianzGI U.S.
  • We confirm our full-year outlook of operating profit of 13.4 billion euros, plus or minus 1 billion euros.
  • This was due to an unfavorable market impact of 110.0 billion euros and net outflows of 9.0 billion euros, partly offset by a positive impact of 30.1 billion euros from favorable foreign currency translation effects.

AM Best Adds ‘Solvency II Non-Life Underwriting by Line of Business’ Analysis Feature to Best’s Financial Suite – Solvency II

Retrieved on: 
Thursday, May 5, 2022
Technology, Other Professional Services, Professional Services, Data Management, Microsoft Excel, QRT, Industry, Line of business, Solvency, News, Insurance, ALL, Mobile phone

Bests Financial Suite Solvency II subscribers can now automate their analysis of Solvency II non-life line-of-business data using a new BestLink for Excel data template feature.

Key Points: 
  • Bests Financial Suite Solvency II subscribers can now automate their analysis of Solvency II non-life line-of-business data using a new BestLink for Excel data template feature.
  • This enhancement also allows subscribers to create reports for non-life by-line data in BestLink for Excel and integrate the data with other analyses using standard Excel features.
  • Users can also duplicate the reports and generate additional templates for other company lists and in the currency of their choice.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Partners Life Becomes First New Zealand Life and Health Insurer To Go Live On The FINEOS Platform

Retrieved on: 
Tuesday, April 26, 2022
Professional Services, Data Management, Health, Technology, Insurance, Software, General Health, People, TPD, Partners Life, Workflow, Accident, AWS, ASX, Life, Trauma, Automation, Death, Kiwi, FINEOS, Insurance, FCL, Policy, Solvency, Industry, Partnership, Software as a service, API, Partner, Health insurance

The FINEOS Platform is a purpose-built end-to-end SaaS core platform for life, accident and health insurers.

Key Points: 
  • The FINEOS Platform is a purpose-built end-to-end SaaS core platform for life, accident and health insurers.
  • The Partners Life and FINEOS partnership replaced the insurers existing system with FINEOS Claims, giving Partners Life unparalleled operational and customer service benefits.
  • The FINEOS Platform includes a market-tested, pre-configured business and regulatory content pack for the region known as FINEOS LISA (Life Insurance Solutions Australasia) .
  • Partners Life brings FINEOS to the private life and health insurance sector in New Zealand, said FINEOS CEO Michael Kelly .

CCH® Tagetik ESG & Sustainability expert solution from Wolters Kluwer helps organizations go beyond compliance to drive growth and combat risk

Retrieved on: 
Tuesday, April 12, 2022
ADR, Social, WKL, Compliance, Taxonomy, Euronext Amsterdam, ESG, CFO, Biophysical environment, Growth, EU, Social Security Government Pension Offset, American, GRI, Solution, General manager, NEW, IFRS, Solvency, AEX, Euronext, Risk, Accounting, Senior, Disclosure, EU taxonomy for sustainable activities, Risk management

NEW YORK, April 12, 2022 /PRNewswire/ -- Wolters Kluwer, a global leader in professional information, software solutions and services, today announces CCH® Tagetik ESG & Sustainability Performance Management, further extending its comprehensive regulatory compliance offering. The pre-built expert solution combines Environmental, Social and Governance (ESG) initiatives and financial performance to enable companies to create powerful ESG reporting and manage compliance requirements while driving their sustainable growth strategies.

Key Points: 
  • Gain control, meet compliance requirements and improve ESG scores while supporting strategic, sustainable growth with comprehensive CCH Tagetik ESG & Sustainability Performance Management
    NEW YORK, April 12, 2022 /PRNewswire/ -- Wolters Kluwer , a global leader in professional information, software solutions and services, today announces CCH Tagetik ESG & Sustainability Performance Management , further extending its comprehensive regulatory compliance offering.
  • The pre-built expert solution combines Environmental, Social and Governance (ESG) initiatives and financial performance to enable companies to create powerful ESG reporting and manage compliance requirements while driving their sustainable growth strategies.
  • CCH Tagetik ESG & Sustainability Performance Management accelerates compliance for EU Taxonomy, GRI, SASB, and other standards and frameworks by using pre-built and extendable processes to aggregate and analyze complex data and automatically generate ESG reports for disclosure.
  • Beyond compliance, customers benefit from better, faster decision-making, to drive sustainable growth and combat risk through the unification of ESG data with financial results, integrated plans, and scenario analysis.

CCH® Tagetik ESG & Sustainability expert solution from Wolters Kluwer helps organizations go beyond compliance to drive growth and combat risk

Retrieved on: 
Tuesday, April 12, 2022
ADR, Social, WKL, Compliance, Taxonomy, Euronext Amsterdam, ESG, CFO, Biophysical environment, Growth, EU, Social Security Government Pension Offset, American, GRI, Solution, General manager, NEW, IFRS, Solvency, AEX, Euronext, Risk, Accounting, Senior, Disclosure, EU taxonomy for sustainable activities, Risk management

NEW YORK, April 12, 2022 /PRNewswire/ -- Wolters Kluwer, a global leader in professional information, software solutions and services, today announces CCH® Tagetik ESG & Sustainability Performance Management, further extending its comprehensive regulatory compliance offering. The pre-built expert solution combines Environmental, Social and Governance (ESG) initiatives and financial performance to enable companies to create powerful ESG reporting and manage compliance requirements while driving their sustainable growth strategies.

Key Points: 
  • Gain control, meet compliance requirements and improve ESG scores while supporting strategic, sustainable growth with comprehensive CCH Tagetik ESG & Sustainability Performance Management
    NEW YORK, April 12, 2022 /PRNewswire/ -- Wolters Kluwer , a global leader in professional information, software solutions and services, today announces CCH Tagetik ESG & Sustainability Performance Management , further extending its comprehensive regulatory compliance offering.
  • The pre-built expert solution combines Environmental, Social and Governance (ESG) initiatives and financial performance to enable companies to create powerful ESG reporting and manage compliance requirements while driving their sustainable growth strategies.
  • CCH Tagetik ESG & Sustainability Performance Management accelerates compliance for EU Taxonomy, GRI, SASB, and other standards and frameworks by using pre-built and extendable processes to aggregate and analyze complex data and automatically generate ESG reports for disclosure.
  • Beyond compliance, customers benefit from better, faster decision-making, to drive sustainable growth and combat risk through the unification of ESG data with financial results, integrated plans, and scenario analysis.