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Analysis
Annuity profits and RITC top concerns in UK's IFRS 17 endorsement
Despite overall support for adoption of IFRS 17, the UK Endorsement Board has received pushback from some stakeholders over a handful of issues. Cintia Cheong reports on the concerns
InsuranceERM's Judges' award for contribution to the industry: Renaud Guidée
Axa's group chief risk officer talks to Christopher Cundy about establishing the Net-Zero Insurance Alliance and the other big issues on his agenda
IPCC report should inspire insurers to create biodiversity protection products
The UN body has warned of biodiversity hotspots that need coverage and the need for more focus on adaptation measures in its latest assessment of climate change. Paul Walsh reports
InsuranceERM's Risk team of the year: Phoenix Group
Chief risk officer Jonathan Pears explains to Ronan McCaughey how his team has managed the integration - and improvement - of the risk functions and internal models
InsuranceERM's CRO of the year: Aylin Somersan Coqui
Allianz's chief risk officer talks to Ronan McCaughey about repositioning the risk function, dealing with cyber threats - and how risk management is definitely not boring
S&P's capital model review: this could hurt
The rating agency's review of its capital methodology could leave insurers facing the prospect of rating changes and possible capital raising pressure, as Sarfraz Thind reports
UK Solvency II reforms warmly welcomed by life insurers
The changes would include cuts to the risk margin for life insurers of 60-70%, while capital held by life insurers could be slashed by 15%. Paul Walsh and Cintia Cheong get the market's reaction
To boldly go where no chief actuary has gone before
Chief actuaries have an established standing in the insurance sector, but they will need to embolden themselves to stay relevant. Paul Walsh reports
QBE's Richard Rees: IFRS 17 is less of a leap for Australian insurers
The insurer's IFRS 17 technical lead in Europe tells Cintia Cheong why the insurer will have to prepare for three different accounting bases after Brexit and explains the unresolved issues with implementation
Regulators investigate the private equity-insurer love-in
Private equity companies have been acquiring insurers at an unheard of rate. Now regulators have raised concerns over asset risk and short-term greed overcoming long-term sense, as Sarfraz Thind reports
Germany's insurers ready for the green light
Trade association GDV has detailed plans for national-level reforms in 2022, and is hoping progress will not be stalled by the newly formed coalition government. David Walker reports
Actuaries at a premium in UK's hot jobs market
The UK jobs market for actuaries is booming, but how has the Covid-19 pandemic changed the sector? Cintia Cheong reports on the latest UK actuarial recruitment trends
The golden state becomes too hot to handle
Property catastrophe losses in California have soared, with the result that insurers increasingly don't want to underwrite there. Could this be the beginning of a withdrawal from cat perils in other US states? Sarfraz Thind reports
Aspen's ESG underwriting initiative looks to "turn a tanker"
Re/insurer Aspen has set ambitious ESG targets for its credit and political risk underwriting portfolio. Paul Walsh talks to the portfolio's head, Dan Osman, about the strategy
Bullish outlook for UK's bulk annuity market in 2022
The UK's bulk market remains buoyant with growing insurer capacity. This year could also see mega transactions and potential shifts in market dynamics. Ronan McCaughey explains
Legacy life books: targeted approaches to de-risking and optimisation
In the second of two articles, Luca Tres reviews how a targeted risk transfer strategy can help life insurers better manage their legacy books - and looks to the future of legacy life de-risking
CROs share their top concerns for 2022
InsuranceERM's year-end poll of risk management experts found a myriad of risks on their radar for 2022 - with cyber security and inflation standing out as dominant themes. Ronan McCaughey reports
Legacy life books: a proactive approach
In the first of two articles, Luca Tres discusses the strategies available to life insurers facing the challenges of high capital intensity and low profitability in their life legacy business
InsuranceERM's top stories of the year
Christopher Cundy, Ronan McCaughey, Sarfraz Thind and Paul Walsh reveal the most-read stories that ran in 2021 and discuss why they will remain relevant in 2022
Apac re/insurers welcome the alternative
Regulators in Asia have been busy creating frameworks for insurers to transfer risk to capital markets investors. Re/insurers are keen to tap this alternative source of capital, if the structures are right. David Walker reports