Trends in life insurance pricing and opportunities for analytical techniques. Paul Swinhoe, Ting Lim Deloitte Actuaries & Consultants Limited
|
|
- Aubrey Ray
- 6 years ago
- Views:
Transcription
1 Trends in life insurance pricing and opportunities for analytical techniques Paul Swinhoe, Ting Lim Deloitte Actuaries & Consultants Limited
2 Presentation topics Current industry issues and observations from recent pricing survey Opportunities for data analytical techniques Conclusions
3 Current industry issues Worsening experience in disability income business Increase in lapses for individual risk business Profit margins expected to reduce across most risk business
4 Worsening experience in Disability The profit margin of the disability income business has deteriorated in the past 2 years. Income business Profit Margin (%) Profit Margins Split by product groups 40.00% 35.00% 30.00% 25.00% 20.00% 15.00% 10.00% 5.00% 0.00% Dec-09 Dec-10 Dec % % % Individual Lump Sum Individual Disability Income Group Lump Sum Group Disability income Source: APRA statistics, Deloitte analysis
5 Worsening lapse experience 16.0% Lapse rates - Individual Risk 15.0% 14.0% 13.0% 12.0% Individual Risk Lump Sum Individual Risk Income Protection 11.0% Source: Plan4Life data, Deloitte analysis 10.0% Sep-06 Sep-07 Sep-08 Sep-09 Sep-10 Sep-11
6 Profit margins expected to reduce across most risk business Competition Product design creep is the main concern for trauma business More entrants into direct market Insurers will have to look for ways to improve the profit margin
7 Current use of data analytical techniques Life insurers are behind in using data analytical techniques to improve their decision making, compared with other financial services providers (e.g. banks/general insurers) There is interest in predictive modelling Lack of capabilities/resourcing is seen as the main barrier
8 Potential Data Sources Current and past application form(s) Personal & family medical history Industry data (APRA, P4L, ABS, Census data) Consumer marketing data Loyalty programs, Affinity group memberships Credit card spend Bank transactions Social media (LinkedIn, Twitter, facebook)? Traditional internal data sources Application Data Customer History Medical Data Non-traditional internal data and external individual or household-level data sources Company data Financial Data Consumer Data Lifestyle Data Household Data Non-traditional data unlock new insights into customer and employee populations
9 Opportunities for data analytical techniques Underwriting Direct marketing In-force management
10 Approach: Analyse standard app combined with marketing data Triage: accept/traditional approach to u/w Benefits: Case study 1 Underwriting Improved efficiency, lower cost, greater consistency Less invasive sales process (eg. fewer medicals) Free up experienced underwriters to focus on more difficult applications
11 Underwriting with Predictive Apply an Algorithmic Solution using application data, internal and 3 rd party data, together with underwriting rules established by the insurer Provide results that are similar to fully underwritten decisions for a significant portion of the business predominantly the higher scoring segments. Models
12 Case study 2 Direct marketing Approach: Use marketing data to identify people who are more likely to take-up and qualify for insurance Benefits: Optimal use of marketing budget Minimise acquisition costs => cheaper products Increased cross-sell
13 Marketing with predictive models Direct marketing database Non-traditional data 45% 40% 35% 30% 25% 20% 15% 10% Percent of Decile Marketing Model Desirability Model Healthier population 5% 0% Low Score Decline Substandard High Score Model Score High Score Low Score Low Score Continue current marketing efforts Do not target those least likely to respond or qualify for insurance Model Score High Score Focus marketing resources on the most attractive potential customers Continue current marketing efforts Focus limited resources on those most likely to purchase a product, and most likely to be healthy
14 Case study 3 In-Force Management Segmentation analysis can be used to identify groups of members displaying non-standard experience Results can improve pricing points, reserving accuracy At signs of imminent lapse (i.e. late premium, repeated request for surrender value) should insurer react, or let policyholders leave? Claims management or fraud detection
15 Retention with predictive models 200% Inforce business Likelihood of surrender relative to average Policyholders most likely to surrender Pop. Ave. Retention Model 0% Low Score High Score Model Score Low Score High Score Non-traditional data appended Marketing Model Model Score High Score Low Score Focus retention rerouces on the healthy customers most likely to surrender Continue current retention processes Continue current retention processes Spend fewer retention resources where they will have the least effect Spend retention efforts on those more likely to leave, but whom you want to keep
16 Challenges and Opportunities in Challenges Availability of data Legal and ethical concerns Opportunities Australia Putting all your data to use Partnerships (loyalty/rewards programs, credit cards)
17 Conclusions There is appetite for using analytical techniques to improve business decisions There are opportunities to improve business performance
18 General information only This presentation contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms, or their related entities (collectively the Deloitte Network ) is, by means of this presentation, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. No entity in the Deloitte Network shall be responsible for any loss whatsoever sustained by any person who relies on this presentation. About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms. Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and deep local expertise to help clients succeed wherever they operate. Deloitte's approximately 170,000 professionals are committed to becoming the standard of excellence. About Deloitte Australia In Australia, the member firm is the Australian partnership of Deloitte Touche Tohmatsu. As one of Australia s leading professional services firms. Deloitte Touche Tohmatsu and its affiliates provide audit, tax, consulting, and financial advisory services through approximately 5,400 people across the country. Focused on the creation of value and growth, and known as an employer of choice for innovative human resources programs, we are dedicated to helping our clients and our people excel. For more information, please visit our web site at Liability limited by a scheme approved under Professional Standards Legislation. Member of Deloitte Touche Tohmatsu Limited 2012 Deloitte Actuaries & Consultants Limited.
Crediting Rates or Unit Prices Lessons from these volatile times. Stephen Huppert & Emma Robertson Deloitte Actuaries & Consultants Limited
Crediting Rates or Unit Prices Lessons from these volatile times Stephen Huppert & Emma Robertson Deloitte Actuaries & Consultants Limited Agenda Attribution methods and their evolution Are attribution
More informationHealth, Ageing, Superannuation. Stuart Rodger & Ignatius Li Deloitte Actuaries & Consultants Limited
Health, Ageing, Superannuation Stuart Rodger & Ignatius Li Deloitte Actuaries & Consultants Limited Agenda Health costs and older ages Affordability for the aged Australia Aus tralian health expenditure
More informationDeloitte report: the dynamics of a $7.6 trillion superannuation system
Media Release FOR IMMEDIATE RELEASE Deloitte report: the dynamics of a $7.6 trillion superannuation system 23 September 2013: Using a comprehensive demographic and financial analytic tool to model the
More informationFunding Models and Financing for Housing support under the NDIS
Funding Models and Financing for Housing support under the NDIS 26 August 2014 Project overview 2 Project overview In the context of NDIS the Commonwealth has committed to fund $700 million for the user
More informationMaximising shareholder value
Maximising shareholder value Company tax rate reduction and Paid Parental Leave levy: Impact on dividends 20 June 2014 In the 2014/2015 Federal Budget handed down on 13 May 2014, the Government reinforced
More informationHarnessing the 'Bang': from Digital Disruption to Digital Transformation
Harnessing the 'Bang': from Digital Disruption to Digital Transformation Stephen Huppert Deloitte Touche Tohmatsu This presentation has been prepared for the Actuaries Institute 2015 Actuaries Summit.
More informationPredictive Analytics in Life Insurance. Advances in Predictive Analytics Conference, University of Waterloo December 1, 2017
Predictive Analytics in Life Insurance Advances in Predictive Analytics Conference, University of Waterloo December 1, 2017 Format of this session Speakers: Jean-Yves Rioux - Deloitte Kevin Pledge Claim
More informationTax highlights. Key developments this week. 1 December Contents:
Tax highlights 1 December 2014 Contents: Key developments this week Key developments Japan-Australia Economic Partnership Agreement Customs Bills await Royal Assent Progress of taxrelated Bills Asia-Pacific
More informationClarity in financial reporting
A&A Accounting Technical March 2018 Clarity in financial reporting Presentation of Research & Development (R&D) tax offset CONTENT Background Guidance in Accounting Standards Presentation choices and impact
More informationExtrapolated returns on investment in NHMRC medical research. Australian Society for Medical Research
Extrapolated returns on investment in NHMRC medical research Australian Society for Medical Research 17 February 2012 Contents 1 Background... 1 2 Methodology and findings... 1 References... 4 Limitation
More informationSession 73 PD, Predictive Modeling for the Marketing Actuary. Moderator: Maria Patricia Marcelo Arellano, FSA, CERA, MAAA
Session 73 PD, Predictive Modeling for the Marketing Actuary Moderator: Maria Patricia Marcelo Arellano, FSA, CERA, MAAA Presenters: Andy Ferris, FSA, FCA, MAAA Sarah R. Hinchey, FSA, CERA Patrick Sugent
More informationBriefing on IASB TRG papers for 2 May meeting
Briefing on IASB TRG papers for 2 May meeting Key highlights Francesco Nagari, Deloitte Global IFRS Insurance Leader 27/04/2018 Agenda Summary of the TRG 2 May papers AP03 Cash flows within the contract
More informationIASB issues IFRIC 23 Uncertainty over Income Tax Treatments
IASB issues IFRIC 23 Uncertainty over Income Tax Treatments Published on: June, 2017 Issues A question has arisen in practice as to how uncertainty about the acceptability by a tax authority of a particular
More informationTax insights Tax Consolidation: Changes raise concerns for affected taxpayers
28 May 2015 2015/14 Tax insights Tax Consolidation: Changes raise concerns for affected taxpayers Snapshot On 28 April 2015, the Federal Treasury released Exposure Draft legislation ( the ED ) on 5 previously
More informationWhat s new in the June 2016 financial reporting cycle?
Deloitte Australia Assurance & Advisory What s new in the June 2016 financial cycle? The information on this page has been updated for developments as at 28 June 2016. The analysis below provides a high
More informationThree Accounting Standards that will shake up the Australian Technology, Media and Telecom (TMT) sector
Three Accounting Standards that will shake up the Australian Technology, Media and Telecom (TMT) sector In the coming years companies in the Australian Technology, Media and Telecom (TMT) sector may find
More informationIFRS 17 Transition Resource Group meeting #2 The IASB staff proposal to amend IFRS 17
IFRS 17 Transition Resource Group meeting #2 The IASB staff proposal to amend IFRS 17 Francesco Nagari, Deloitte Global IFRS Insurance Leader 9 May 2018 Agenda Introduction Background of the TRG papers
More informationDisability Income Data What do we need to capture and analyse now?
Disability Income Data What do we need to capture and analyse now? Michael Dermody & Chris Scheuber 2015 KPMG Actuarial This presentation has been prepared for the Actuaries Institute 2015 Actuaries Summit.
More informationInternal audit outsourcing and co-sourcing. A flexible solution for reinsurance undertakings
A flexible solution for reinsurance undertakings November 2017 November 2017 New regulatory challenges Luxembourg Law of 7 December 2015 on the insurance sector (Loi du 7 décembre 2015 sur le secteur
More informationIndependent Assurance Practitioners Compliance Report to the Members of the Australian Curriculum Assessment and Reporting Authority ( ACARA )
Deloitte Touche Tohmatsu ABN 74 490 121 060 Grosvenor Place 225 George Street Sydney NSW 2000 Tel: +61 2 9322 7000 www.deloitte.com.au Independent Assurance Practitioners Compliance Report to the Members
More informationEstimates of royalties and company tax accrued in Estimates of royalties and company tax accrued in Minerals Council of Australia
Estimates of royalties and company tax accrued in 2016-17 Estimates of royalties and company tax accrued in 2016-17 Minerals Council of Australia 4 April 2018 1 Deloitte Access Economics Pty Ltd ACN 149
More informationIFRS 17 Transition Resource Group Meeting
IFRS 17 Transition Resource Group Meeting A summary of the meeting highlights Francesco Nagari, Deloitte Global IFRS Insurance Leader 14 February 2018 Agenda Introduction Background of the TRG papers Summary
More informationTo invest or not to invest. A view of pension fund investment into private equity instruments
To invest or not to invest A view of pension fund investment into private equity instruments 2018 There is no private equity from a traditional point of view and (there) hasn t been for the past year.
More informationImpact of removing stamp duties on insurance. Insurance Council of Australia
Impact of removing stamp duties on insurance Insurance Council of Australia October 2015 Contents Executive Summary... i 1 Background... 1 1.1 This report... 2 2 Assessing the efficiency of taxes... 2
More informationBanking Executive Accountability Regime (BEAR)
Banking Executive Accountability Regime (BEAR) Exposure Draft Reform in the fast lane September 2017 Reform in the fast lane The Banking Executive Accountability Regime implications In September 2017,
More informationClarity in financial reporting
A&A Accounting Technical March 2018 Clarity in financial reporting Impact of electing to be an Attribution Managed Investment Trust are the units debt or equity? CONTENT Background What is the issue? Conclusion
More informationOpen banking. Comprehensive Credit Reporting (CCR)
Open banking Comprehensive Credit Reporting (CCR) February 2018, updated July 2018 By the end of September 2018 the four major banks have committed to provide the first component of Comprehensive Credit
More informationTax Insights GST witholding obligation for residential property purchasers
20 February 2018 Australia 2018/04 Tax Insights GST witholding obligation for residential property purchasers Snapshot On 7 February 2018 proposed amendments in relation to the payment of GST on sales
More informationIndependent Assurance Practitioners Compliance Report to the Members of the Australian Curriculum Assessment and Reporting Authority ( ACARA )
Deloitte Touche Tohmatsu ABN 74 490 121 060 Grosvenor Place 225 George Street Sydney NSW 2000 PO Box N250 Grosvenor Place Sydney NSW 1220 Australia Tel: +61 2 9322 7000 Fax: +61 (0)2 9322 7001 www.deloitte.com.au
More informationIASB issues exposure draft: Annual Improvements to IFRSs Cycle
Published on: November 2015 IASB issues exposure draft: Annual Improvements to IFRSs 2014-2016 Cycle Why is the Interpretation being proposed? The draft Interpretation was developed in response to a request
More informationTax Insights ATO estimates large corporate tax gap
17 October 2017 Australia 2017/18 Tax Insights ATO estimates large corporate tax gap Snapshot On 11 October 2017 the ATO released a new publication called Tax and Corporate Australia addressing the tax
More informationActuarial 20/20 Transform the function
Actuarial 20/20 Transform the function Contents 4 Vision: Tomorrow s actuarial function 5 Unlock the power of the actuarial operating model 6 Transform: How services are delivered 8 Transform: Where services
More informationTax Insights OECD releases Discussion Draft on the transfer pricing of financial transactions: An Australian perspective
17 July 2018 Australia 2018/14 Tax Insights OECD releases Discussion Draft on the transfer pricing of financial transactions: An Australian perspective Snapshot On 3 July 2018, the OECD released a Discussion
More informationOpen banking. Comprehensive Credit Reporting (CCR)
Open banking Comprehensive Credit Reporting (CCR) February 2018 On 1 July 2018 a core component of Australia s emerging open banking regime, Comprehensive Credit Reporting (CCR), will become mandatory.
More information2017 Dealership Benchmarks Motor Industry Services. Heavy Trucks Australia
2017 Dealership Benchmarks Motor Industry Services Heavy Trucks Australia Benchmarking your dealership Benchmarking is an excellent method of monitoring performance and setting goals for your business
More informationExtracting value. Focussing on resources industry issues
In this issue: Overview of the key proposals Issues for consideration Where to from here? Focussing on resources industry issues Welcome to Issue 9 of, an edition focussing on the Draft IFRIC Interpretation
More informationSession 2A: Risk Management Perspective in Predictive Modeling. Moderator: Mark W. Griffin, FSA, CERA
Session 2A: Risk Management Perspective in Predictive Modeling Moderator: Mark W. Griffin, FSA, CERA Presenters: Lloyd D. Milani, FSA, MAAA, FCIA Serhat Guven, MAAA, FCAS SOA Antitrust Disclaimer SOA Presentation
More informationDeloitte Global Equity and Rewards An integrated service
Deloitte Global Equity and Rewards An integrated service Contents Our purpose 3 An integrated service 4 Plan design 5 Plan implementation 6 Global risk management 7 GA Incentives 8 Tax and Legal 9 Keeping
More informationClarity in financial reporting
Deloitte Australia May 2017 A&A Accounting Technical Clarity in financial reporting Focusing on impairment issues for June 2017 Talking Points Why focus on impairment now? What are the hot impairment topics
More informationFor personal use only
Deloitte Touche Tohmatsu ABN 74 490 121 060 550 Bourke Street Melbourne VIC 3000 GPO Box 78 Melbourne VIC 3001 Australia DX: 111 Tel: +61 (0) 3 9671 7000 Fax: +61 (0) 9671 7001 www.deloitte.com.au Independent
More informationDeloitte Touche Tohmatsu ABN 74 490 121 060 Grosvenor Place 225 George Street Sydney NSW 2000 PO Box N250 Grosvenor Place Sydney NSW 1220 Australia The Board of Directors IPH Limited Level 35 31 Market
More informationEMEA Center of Excellence for Real Estate Funds Corporate Services Building locally, performing globally
EMEA Center of Excellence for Real Estate Funds Corporate Services Building locally, performing globally Challenges of a changing environment Real Estate (RE) asset managers today face a rapidly evolving
More informationAustralia Indonesia Business Council
Australia Indonesia Business Council January 2017 Overview - Global Economy - Australian Economy - Indonesian Economy - Trade Relationship - Future of Australian and Indonesian trade 2 The Global Economy
More informationTax Insights Risk assessment framework for related party financing
16 May 2017 Australia 2017/09 Tax Insights Risk assessment framework for related party financing Snapshot On 16 May 2017, the ATO released the draft Practical Compliance Guide PCG 2017/D4 (the PCG), which
More informationValuing Medical Innovation Perspectives matter. Lara Verdian 10 September 2015
Valuing Medical Innovation Perspectives matter Lara Verdian 10 September 2015 1965 1967 1969 1971 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013
More informationChange of VAT treatment of electronic services rendered by foreign suppliers
Change of VAT treatment of electronic services rendered by foreign suppliers Effective 1 January 2019, foreign suppliers of electronic services to Russian sole traders and businesses ( B2B services ) will
More informationDeloitte Global Risk Management Survey, eighth edition Setting a higher bar Australian edition 2013
Deloitte Global Risk Management Survey, eighth edition Setting a higher bar Australian edition 2013 Professional Services firm Deloitte s eighth biennial Global Risk Management survey, covering 86 financial
More informationExtrapolated returns from investment in medical research future fund (MRFF) Australian Society for Medical Research
Extrapolated returns from investment in medical research future fund (MRFF) Australian Society for Medical Research 17 October 2014 This report was proudly supported by independent and unrestricted grants
More information2017 Q1 Financial Services Tax Forum Deloitte KL office 15 March 2017
Deloitte Malaysia s Financial Services Industry (FSI) Tax Leader, Chee Pei Pei and Associate Director, Mohd Fariz bin Mohd Faruk, giving a talk on Common Reporting Standard (CRS), changes in withholding
More informationTax Insights Hybrid Mismatch Exposure Draft. Snapshot. Timing. 20 March 2018 Australia 2018/07
20 March 2018 Australia 2018/07 Tax Insights Hybrid Mismatch Exposure Draft Snapshot On 7 March 2018, the Australian Government released revised Exposure Draft (ED) legislation addressing hybrid mismatch
More informationPredictive Analytics in Life Insurance. ACLI Annual Conference Sam Nandi, FSA, MAAA October 9, 2017
Predictive Analytics in Life Insurance ACLI Annual Conference Sam Nandi, FSA, MAAA October 9, 2017 Predictive Analytics and Big Data Actuaries have been analyzing data and making predictions for centuries.
More informationCzech Republic Corporate R&D Report 2015
Czech Republic Corporate R&D Report 2015 Foreword Over 70 private businesses from various sectors participated in the survey in the Czech Republic. Just as last year, it was conducted in cooperation with
More informationCustomized solution for direct tax compliance. TAXDialogue
Customized solution for direct tax compliance TAXDialogue What is Tax Dialogue? A user-friendly web-based client portal specified for corporate income tax compliance purposes Built-in workflow that leads
More informationGlobal tax management Japan research report. Global Tax Management. Japan Research Report. Tax Management Consulting Deloitte Tohmatsu Tax Co.
Global tax management research report Global Tax Management Research Report Tax Management Consulting Deloitte Tohmatsu Tax Co. June 2017 Global tax management research report Evolving insights 2 Global
More informationTax Insights Exposure draft to improve the debt equity rules
25 October 2016 Australia 2016/20 Tax Insights Exposure draft to improve the debt equity rules Snapshot On 10 October 2016, the Government released exposure draft (ED) legislation and explanatory memorandum
More informationTax Insights Increased penalties for significant global entities
20 February 2017 Australia 2017/01A Tax Insights Increased penalties for significant global entities Material penalties ahead for failure to lodge, and false and misleading statements From 1 July 2017,
More information2020 Foresight: Trends in Life Insurance Underwriting
2020 Foresight: Trends in Life Insurance Underwriting Product Code: IS0340MR Published Date: August 2013 www.timetric.com TABLE OF CONTENTS TABLE OF CONTENTS 1 Executive Summary... 6 2 Global Snapshot:
More informationJanuary Business Barometer Survey The business pulse survey
16 January 2011 Business Barometer Survey The business pulse survey Introduction We present to you the 16th edition of our Business Barometer, a quarterly survey designed to collect and share the opinion
More informationFor personal use only
Colonial First State Property Limited ABN 20 085 313 926 Manager of Commonwealth Property Office Fund Responsible Entity: Commonwealth Managed Investments Limited ABN 33 084 098 180 AFSL 235384 Registered
More informationIndependent Assurance Practitioners Compliance Report to the Members of the Australian Curriculum Assessment and Reporting Authority ( ACARA )
Deloitte Touche Tohmatsu ABN 74 490 121 060 Grosvenor Place 225 George Street Sydney NSW 2000 PO Box N250 Grosvenor Place Sydney NSW 1220 Australia DX: 10307SSE Tel: +61 (0) 2 9322 7000 Fax: +61 (0) 9322
More informationPredictive Analytics: The Key to Profitability
White Paper Predictive Analytics: The Key to Profitability A white paper on how predictive analytics yields results for insurance companies. As an insurance company, you have likely based estimates and
More informationInbound distribution arrangements How do your profits stack up against the ATO s profit markers?
Australia 2018/24 Tax Insights Inbound distribution arrangements How do your profits stack up against the ATO s profit markers? Snapshot On 23 November 2018, the ATO released draft Practical Compliance
More informationZurich Australia Limited & Macquarie Life Limited Independent Actuarial Report
Zurich Australia Limited & Macquarie Life Limited Independent Actuarial Report See the unforeseen. 15 August 2016 Deloitte Actuaries & Consultants Limited ACN 092 651 057 AFSL 244576 550 Bourke Street
More informationTransition Resource Group for IFRS 17 Insurance Contracts Boundary of contracts with annual repricing mechanisms
STAFF PAPER February 2018 Project Paper topic Transition Resource Group for IFRS 17 Insurance Contracts Boundary of contracts with annual repricing mechanisms CONTACT(S) Roberta Ravelli rravelli@ifrs.org
More informationOutlook investment trends
Outlook investment trends Future investment models such as build to rent and capital flows. Although often used synonymously in the media, it is important to make the distinction between build to rent
More informationTax Insights Resource Capital Fund decision. Snapshot. 14 February 2018 Australia 2018/03
14 February 2018 Australia 2018/03 Tax Insights Resource Capital Fund decision Snapshot In a long and complex judgement (Resource Capital Fund IV LP v Commissioner of Taxation [2018] FCA 41), the Federal
More informationSession 6 PD, The Multilife Individual Disability Insurance Market. Moderator/Presenter: Daniel D. Skwire, FSA, MAAA
Session 6 PD, The Multilife Individual Disability Insurance Market Moderator/Presenter: Daniel D. Skwire, FSA, MAAA Presenters: Patricia J. Fay, FSA, MAAA Daniel Wisted, CLU, CHFC, CLTC Multi-Life DI Carrier
More informationTax Insights Black economy measures draw a wide net
10 October 2018 Australia 2018/21 Tax Insights Black economy measures draw a wide net Snapshot New legislation directed at black economy behaviour is likely to impact many ordinary business dealings. On
More information2017 Dealership Benchmarks Motor Industry Services. Motorcycles Australia
2017 Dealership Benchmarks Motor Industry Services Motorcycles Australia Benchmarking your dealership It is our pleasure to present the 2017 Deloitte Motor Industry Services dealership benchmarks for Australian
More informationGlobal Transfer Pricing Alert
Global Transfer Pricing 15 December 2017 Cambodia introduces transfer pricing rules Global Transfer Pricing Alert 2017-056 Cambodia s Ministry of Economy and Finance (MEF) issued the country s first transfer
More informationAccounting & Auditing News IFRS 15 Revenue from Contracts with Customers: Part 3N Impact on Chemicals Sector
Philippines Technical Research 12 December 2014 (Issue 19) Accounting & Auditing News IFRS 15 Revenue from Contracts with Customers: Part 3N Impact on Chemicals Sector When should variable or uncertain
More information24 October 2018 Deloitte Touche Tohmatsu ABN 74 490 121 060 Grosvenor Place 225 George Street Sydney, NSW, 2000 Australia Phone: +61 2 9322 7000 www.deloitte.com.au The Board of Directors Australian Water
More informationHeadline Verdana Bold
Headline Verdana Bold Capital Optimization in Bermuda Illustrative case studies on value maximizing capital decisions under the proposed BSCR changes April 2017 Introduction Table 1 Area Proposed change
More informationThe Australian Cash Paradox
The Australian Cash Paradox Corporate Capital Making more growth Record levels of passive cash reserves are destroying shareholder value for corporate Australia lazy capital delivers lazy growth. It s
More informationImproving your customer s experience through Streamlined Underwriting
Improving your customer s experience through Streamlined Underwriting An emerging idea for the Colombian market Marcela Abraham May 9, 2017 2017 Willis Towers Watson. All rights reserved. Agenda Introduction
More informationInterdepartmental Accounting Group Inc. Sustainable Finance today and tomorrow
Interdepartmental Accounting Group Inc. Sustainable Finance today and tomorrow November 2017 Contents Leandré Malan Partner Assurance & Advisory Brisbane, Qld AASB 15 Revenue Stephanie Serhan Client Manager
More informationImplementing IFRS 17 in China
Insurance Accounting Insights China in focus Implementing IFRS 17 in China In preparation for the implementation of IFRS 17, this article will provide a summary on: Differences between reporting under
More informationSession 1B: Introduciton to Predictive Analytics. Moderator: Dariush A. Akhtari, FSA, MAAA, FCIA
Session 1B: Introduciton to Predictive Analytics Moderator: Dariush A. Akhtari, FSA, MAAA, FCIA Presenters: Mark William Birdsall, FSA, MAAA, FCA Matthew Forrest Gabriel, FSA, MAAA SOA Antitrust Disclaimer
More informationNew laws mitigate tax penalties
Greece Tax news January 22, 2018 New laws mitigate tax penalties Two new laws, L.4509/17, which generally applies from 1 January 2018, and L.4512/18 that was enacted on 15 January 2018 amend Greece s Code
More informationFEATURE. Australia. Economic growth despite political machinations. David Rumbens and Ben Guttmann
FEATURE Australia Economic growth despite political machinations David Rumbens and Ben Guttmann The Australian economy remains a standout among developed economies, supported by favourable global conditions
More informationAnalytical credit datasets: AnaCredit. Deloitte Insights: Analytical credit datasets AnaCredit
Deloitte Insights: Analytical credit datasets AnaCredit Background On June 1st, the European Central Bank (ECB) published the final version of the AnaCredit Regulation on the collection of granular credit
More informationCFO Survey 2017 Q4 CFOs are hiring, but concerned about skills shortage
CFOs are hiring, but concerned about skills shortage January 2018 Contents Key points from the survey 3 Economic context 4 Business outlook 5 Financing 6 Risk 7 M&A 8 A note on methodology 10 Contacts
More informationPM-8: Predictive Modeling: What Can We Learn From Each Other?
PM-8: Predictive Modeling: What Can We Learn From Each Other? A Property/Casualty Perspective 2011 CAS Ratemaking and Product Management Seminar March 22, 2011 Klayton N. Southwood 2011 Towers Watson.
More informationIncome Protection managing the cycles
Income Protection managing the cycles Ashutosh Bhalerao, Luv Bhatnagar, Phin Wern Ting < ClearView> This presentation has been prepared for the Actuaries Institute 2018 Financial Services Forum. The Institute
More informationDeloitte Tools. Prophet IFRS4 Phase 2 Mini Library. Simon Walpole Insurance Industry Leader, Hong Kong
Deloitte Tools Prophet IFRS4 Phase 2 Mini Library Simon Walpole Insurance Industry Leader, Hong Kong Revisiting our Financial Architecture Actuarial Model as part of the overall architecture Group Reporting
More information30 November The Board of Directors Beacon Foundation Level 1, 40 Molle St Hobart TAS Dear Board Members.
Deloitte Touche Tohmatsu ABN 74 490 121 060 Level 8, 22 Elizabeth Street Hobart, TAS, 7000 Australia Phone: +61 3 6237 7000 www.deloitte.com.au 30 November 2017 The Board of Directors Beacon Foundation
More informationPredictive Modeling - P&C s Evolution Points to Healthcare s Revolution
Predictive Modeling - P&C s Evolution Points to Healthcare s Revolution Presented by: John Houston FSA, MAAA & Chris Stehno December 13, 2007 cstehno@deloitte.com jhouston@deloitte.com Overview The Evolution
More informationTax Insights Long-awaited tax consolidation measures released
15 September 2017 Australia 2017/17 Tax Insights Long-awaited tax consolidation measures released Snapshot On 11 September 2017, the long-awaited Exposure Draft legislation (the 2017 ED) and draft explanatory
More informationTax Alert. Circular No. 25/2018/TT-BTC dated 16/3/2018 guiding a number of new regulations regarding VAT, CIT and PIT. March 2018
Tax Alert Circular No. 25/2018/TT-BTC dated 16/3/2018 guiding a number of new regulations regarding VAT, CIT and PIT March 2018 1 CIRCULAR NO. 25/2018/TT-BTC GUIDING A NUMBER OF NEW REGULATIONS REGARDING
More informationAppendix 4D. Half year report Period ending on 31 December 2017
Matrix Composites & Engineering Ltd Appendix 4D Half year report Period ending 31 December 2017 Appendix 4D Half year report Period ending on 31 December 2017 Name of entity Matrix Composites & Engineering
More informationFSC Statistics QUARTERLY RETURN FOR TRADITIONAL AND RISK BUSINESS - PRODUCT SUMMARY. Quarter: 30/06/2016 ANNUAL PREMIUMS $000
QUARTERLY RETURN FOR AND BUSINESS - PRODUCT SUMMARY Quarter: 30/06/2016 ANNUAL PREMIUMS $000 ANNUAL PREMIUM SINGLE PREMIUM Product In force at start Contractual premium changes Revisions New business Transfers
More information2017 Tax Management Consulting Conference Welcome and tax management trends. Deloitte, Kuala Lumpur 12 July 2017
2017 Tax Management Consulting Conference Welcome and tax management trends Deloitte, Kuala Lumpur 12 July 2017 Agenda Overview 5 Tax operating models 8 Main commercial drivers 12 Resourcing 17 Country
More informationCFO Survey 2017 Q2 Risk appetite increases, M&A activity to soar
Risk appetite increases, M&A activity to soar July 2017 Contents Key points from the survey 3 Economic context 4 Business outlook 5 Financing 6 Risk 7 M&A 8 Digitalisation of the finance function 9 A note
More information2017 Predictive Analytics Symposium
2017 Predictive Analytics Symposium Session 24, General Insurance Applications of PA Moderator: Stuart Klugman, FSA, CERA, Ph.D. Presenter: Peter Wu, ASA, FCAS, MAA SOA Antitrust Compliance Guidelines
More informationIASB issued an amendment to IFRS 4 Insurance Contracts to address concerns about the different effective dates of IFRS 9 and the new insurance
IASB issued an amendment to Insurance Contracts to address concerns about the different effective dates of IFRS 9 and the new insurance contracts Standard that will replace Published on: September, 2016
More informationHeadline Verdana Bold Managing tax Balancing current challenge with future promise The EYE, Amsterdam, 30 November - 1 December 2016
Headline Verdana Bold Managing tax Balancing current challenge with future promise The EYE, Amsterdam, 30 November - 1 December 2016 Marvin de Ridder, Deloitte Netherlands Emmet Bulman, Deloitte UK Tax
More informationFintech Disrupting the way we bank
Fintech Disrupting the way we bank Background The emergence of disruptive technologies in foreign markets in particular Asia, Europe and North America, has made their way to our shores. Disrupters include
More informationIncreasing participation among older workers: The grey army advances. Report prepared for the Australian Human Rights Commission
Increasing participation among older workers: The grey army advances Report prepared for the Australian Human Rights Commission Susan Ryan Age Discrimination Commissioner Australian Human Rights Commission
More informationBoundary Bend Limited and controlled entities ABN Half-year report For the six months ended 31 December 2010
Boundary Bend Limited and controlled entities Half-year report For the six months ended 31 December 2010 Table of Contents Directors Report... 3 Auditor s independence declaration... 4 Condensed consolidated
More informationSSM Documents to be submitted for banks Regulatory news alert
SSM Documents to be submitted for banks Regulatory news alert CSSF Circular 15/602 Documents to be submitted on an annual basis On 15 January 2015, the CSSF published the CSSF Circular 15/602 on documents
More information