A practitioner’s analysis.
Investment accounting, Finance transformation, regulation and systems: articles examining technical choices and their operational consequences.
France borrows at 5%
Public debt costs, transmission to the economy, and implications for banks and insurers. Full analysis available as a French-language PDF.
AI Act: life and health pricing among high-risk uses
Classify systems, establish provider and deployer obligations, and prepare controls for the applicable high-risk requirements.
Sovereign debt and the cost of refinancing
Who will buy the debt governments need to issue, and at what yield? An English adaptation of the French analysis, with implications for insurers.
Private Equity: How Financial Engineering Is Bringing NAV Loans onto Insurers' Radar
Insurers' investment constraints are starting to shape how some private equity financing is structured. A reading of a recent Financial Times article, and of the layers of leverage that can sit beneath a well-rated senior tranche.
Bond Premium and Discount Amortisation: Why the Effective Interest Rate Is Mandatory in Europe
Linear interpolation is tolerated in some US GAAP setups. For a European insurer it fails IFRS 9, French statutory and tax rules, and supervisory practice. The references, assembled.