07 June 2023

Inga Beale: product innovation is not achieved by adding exclusions

Analysis

02 June 2023

Prudential Financial's CRO discusses interest rates, AI and climate risk

Meyrick Douglas has contended with banking stress in the US, rising interest rates, edgy markets and ChatGPT since becoming Prudential Financial's chief risk officer in November 2022. He sits down with Ronan McCaughey to discuss. Additional reporting by Paul Walsh
30 May 2023

Phoenix's Leah Ramoutar: Why we should address nature and climate risk together

A nature risk reporting framework to match the TCFD is being launched this year. Phoenix's head of climate and nature risk, Leah Ramoutar, tells Joshua Geer why insurers should consider climate and nature risk in tandem
25 May 2023

Moody's RMS opens the door to open-source cat modelling

The leading catastrophe modelling firm has taken a major step in allowing its users access to third-party models, based on open-source standards, alongside its proprietary offerings. But its embrace of the open-source world is limited, as Christopher Cundy reports
22 May 2023

IFRS 17: simplifying accounting for multi-year reinsurance contracts

There are circumstances in which the Premium Allocation Approach can be used for multi-year reinsurance contracts, as Milena Lacheta explains

News

Market Insights

How to Operationalize Sustainability Commitments

On March 20, 2023, the Intergovernmental Panel on Climate Change (IPCC) issued its Synthesis Report of the Sixth Assessment Report, which summarized the current state of knowledge around climate change, its widespread impacts and risks, and the need for climate change mitigation and adaptation.

Climate counts - the status of climate adoption into insurance risk management and reporting

2022 will be remembered as a year of unprecedented progress in climate reporting regulation around the world. The emerging trend is clear - reporting on climate risks and impacts will no longer be voluntary or on a purely 'best effort' basis.
Most Read
  1. Prudential Financial's CRO discusses interest rates, AI and climate risk
  2. "Exciting and scary": the insurance regulator's view on AI
  3. IFRS 17: simplifying accounting for multi-year reinsurance contracts
  4. Allianz's life lapses fairly unmoved, but could see "more dynamic behaviour" in US
  5. FIS and PwC strike climate risk alliance for insurers and businesses
  6. BaFin imposes capital surcharge on Axa's health division for IT failings
  7. S&P revises risk-based capital adequacy criteria for re/insurers
  8. Market moves create challenges for IFRS 17 implementation
  9. NZIA exodus continues as Allianz, Axa and Scor depart
  10. Climate counts - the status of climate adoption into insurance risk management and reporting

News in Brief

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IFRS 17 conference highlights

IFRS 17 preparers and auditors sprint for the finish line

With both insurers and auditors still learning about the new insurance contracts accounting standard, tensions are running high as reporting deadlines near. Christopher Cundy reports

UK industry in no rush to align UK GAAP with IFRS 17

New accounting standard is only just beginning to be understood

Should insurers develop a CSM for IFRS 9 business?

Idea discussed at InsuranceERM's IFRS 17 Conference

Expect a "huge shock factor" when IFRS 17 is fully disclosed

Panellists at InsuranceERM's IFRS 17 conference discussed stakeholder engagement in initial reporting

Focus on the USA

More on USA
04 May 2023

AI and bank failures among top concerns for North American CROs

The use of artificial intelligence, implications from banking collapses and people risk concerns lingering are high on the agenda of four chief risk officers, as Paul Walsh reports
28 March 2023

Shoring up Bermuda's life rulebook

John Hele, Resolution Life's COO and vice-chair of Biltir, talks to Sarfraz Thind about the possible impacts from Bermuda's regulatory reform agenda and the increasing oversight of PE-backed and large international insurers

US Contact: Sarfraz Thind • [email protected]

Analysis

Inga Beale: product innovation is not achieved by adding exclusions

The former Lloyd's chief talks to David Walker about her frustrations with the insurance sector and why firms must be more diverse, use technology and think more creatively, in order to better serve their customers

Prudential Financial's CRO discusses interest rates, AI and climate risk

Meyrick Douglas has contended with banking stress in the US, rising interest rates, edgy markets and ChatGPT since becoming Prudential Financial's chief risk officer in November 2022. He sits down with Ronan McCaughey to discuss. Additional reporting by Paul Walsh

Phoenix's Leah Ramoutar: Why we should address nature and climate risk together

A nature risk reporting framework to match the TCFD is being launched this year. Phoenix's head of climate and nature risk, Leah Ramoutar, tells Joshua Geer why insurers should consider climate and nature risk in tandem

Moody's RMS opens the door to open-source cat modelling

The leading catastrophe modelling firm has taken a major step in allowing its users access to third-party models, based on open-source standards, alongside its proprietary offerings. But its embrace of the open-source world is limited, as Christopher Cundy reports

Magazine download

InsuranceERM's Spring 2023 issue

Download the free issue

Report

Bermuda Insurance Investment Outsourcing and Performance Report 2023

Across 120 pages and 55 exhibits, this report provides pivotal market intelligence on Bermuda's insurance CIOs performance and which asset managers they use.

Event

September - December 2023

Insurance Risk & Capital Global Series 2023

The leading event for CROs and CIOs at re/insurer

People

  • Françoise Gilles replaces Renaud Guidée as Axa's group CRO

  • Customers with mental health conditions are now better supported, says ABI

  • Manulife appoints Halina von dem Hagen as its global CRO

    • Software/IT

  • Machine learning used for updating Chinese actuarial tables

  • Global cyber re/insurance losses could hit $33.4bn in a 1:200-year scenario

  • Spanish insurers' president: key questions remain on Dora rules

  • AI can allow smaller risks to be covered, actuaries hear

    • Risk

  • If ageing is not inevitable, what future for life and health insurance?

  • Life industry globally has largely failed to close mortality gap, says Swiss Re

  • Insurers have "never been so relevant", says Axa's CEO

  • Regulation takes away oxygen to grow green business, says Insurance Europe president