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Implementing the Premium Allocation Approach

December 03, 2019 9:30am (CET)

On December 3rd, 2019 we sat down with two insurance experts discussing the realities of implementing the PAA approach to IFRS 17. The experts – Brian Heale, Senior IFRS 17 Consultant, & Mats Sollie, Deloitte, discussed what PAA means to general insurers and uncovered some of the hidden complexities in applying the approach.

Mats shared his perspective on the market and spoke about where and why certain clients chose PAA. Brian & Mats also offered recommendations for any General Insurers taking the PAA approach.

Mats Sollie
Senior Manager, Deloitte

Mats brings 20 years of working experience in the Norwegian insurance industry. His specialties include statistical analysis, pricing, reserving, reinsurance, Solvency II, and management.

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Brian Heale
Senior Insurance/IFRS 17 Consultant, Aptitude Software

Brian Heale is a Senior Functional Solution Consultant at Aptitude Software and an insurance/ Solvency II/IFRS 17 specialist. He has a deep understanding of the interplay between technology, regulation and insurance and brings years of practical expertise.

He has in-depth knowledge of the life and pensions business coupled with comprehensive understanding of enterprise technology in relation to the development and implementation of core administration, actuarial/risk modelling systems and Solvency II/IFRS 4 programs.

Brian has worked with a number insurance companies across the world on both a permanent and consultancy basis and has run administration and sales divisions.

He also and has considerable experience of strategic planning and analytics in the insurance market.

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