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Analysis
Insurers caught up in the Swiss roil
The fall of Credit Suisse, hot on the heels of SVB and Signature Bank, has sent insurers scrambling to assess the risks to their portfolios. While the hit seems manageable, Sarfraz Thind asks if there could be worse to come
Litigation takes off to decide when "all is lost" for aircraft grounded in Russia
Insurers and clients are commencing major courtroom battles over policy coverage and phrasing after aviation assets were trapped inside Russia. David Walker investigates
Bermuda's time for IAIGs
Bermuda may soon identify its first internationally active insurance groups, according to the Bermuda Monetary Authority director of insurance supervision, Gerald Gakundi. Sarfraz Thind reports
Female CRO perspectives on gender diversity
International Women's Day marks an opportune moment for female chief risk officers to discuss their views on the state of gender diversity in the insurance sector. Ronan McCaughey explains
The next steps in climate stress and scenario analysis
EY's senior manager and UK insurance climate risk leader Diego Jimenez-Huerta discusses how insurers are set to develop their climate change analysis in 2023, in this Q&A with Christopher Cundy
Young risk professional of the year: Lara Palmer, LCP
Lara Palmer, winner of the young actuarial and risk professional category in InsuranceERM's 2023 awards for UK & Europe, talks to Paul Walsh about dispelling the stereotypes of actuarial work
Judges' award for contribution to the industry: David Otudeko
Winner of the 2023 InsuranceERM UK & Europe judges' award, David Otudeko, talks to Christopher Cundy about his rollercoaster year
CRO of the year: Tom Hughes, Domestic & General
Tom Hughes won chief risk officer of the year in InsuranceERM's 2023 Annual Awards for UK & Europe. He talks to Ronan McCaughey about managing risk during a period of macroeconomic turmoil
The enduring risks from the Ukraine war
After 12 months of conflict, the risk landscape for international insurers has been drastically changed. Paul Walsh finds the marine and aviation sectors particularly affected, while geopolitical risks remain heightened for all
One year of war in Ukraine and the country's insurers remain defiant
Vyacheslav Chernyakhovsky, general director for the Insurance Business Association of Ukraine, discusses with Paul Walsh how the country's sector has performed and the post-war strategy
Consumer Duty: a chance to build trust with customers
Regulators, consultants and policy experts explain the progress insurers are making towards complying with the UK's Consumer Duty regulation and what opportunities it will present. Joshua Geer reports
Cyber risk: has the capital been hacked?
Simon Cartagena and Jasvir Grewal explain how insurers should be thinking about setting their cyber risk capital
After climate, insurers seek to measure their social footprint
The Geneva Association has outlined a framework to assess insurers' impact on society. But why is it needed and how would it operate alongside existing ESG frameworks? Paul Walsh reports
ESG for insurers is about education, support and guidance
Sustainability leads at Lloyd's of London, Convex and Fidelis explained how their ESG and net-zero strategies are evolving, and whether 2050 goals are realistic, at a Fitch Ratings event last week. Joshua Geer reports
Swiss Re's primary global ambition
International programmes is a fast-growing sector for Swiss Re Corporate Solutions. The division's Emea and Apac leader Reto Collenberg tells David Walker about the opportunities and challenges involved
Insurers sentenced to more climate litigation exposure
A surge in climate-related litigation is creating an increasing risk for PI and D&O insurers. Risk experts explain to Joshua Geer why exposure is growing and how insurers can mitigate it
Ireland's insurance regulator talks Solvency II divergence and going green
Domhnall Cullinan, director of insurance supervision at the Central Bank of Ireland, speaks to Ronan McCaughey about the biggest risks and regulatory challenges facing the sector in 2023
Insuring the Big One
The US population is underinsured against earthquakes despite the frequent reminders of how serious this peril can be. Then again, covering quakes is just not easy, as Sarfraz Thind reports
Finding a consensus on IFRS 17 leverage ratios
Some signs of agreement on how financial leverage will be presented under the new insurance contracts accounting standard are emerging, but options remain open, as Christopher Cundy reports
Eiopa: how we plan to stop insurers greenwashing
Europe's insurance authority explains its plans to address greenwashing, including how the term is defined and what measures it intends to take to prevent it, in this Q&A with Joshua Geer