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Analysis
Growing cyber threats challenge underwriters and CROs
Ronan McCaughey reports from the Insurance Risk & Capital EMEA conference on how insurers are responding to the underwriting and operational risks posed by ransomware and other forms of cyber-attack
2021 Atlantic hurricane season: "shorties", northeastern losses and rapid intensification
This year's Atlantic hurricane season may not have broken the records of its predecessor, but it was notable for the emergence of several worrying trends. Paul Walsh reports
PRA's pair push insurance reform
In 2021, the UK's prudential regulator launched landmark studies into Solvency II, climate and diversity. Charlotte Gerken and Anna Sweeney talk to Christopher Cundy about the exercises and what comes next
En prise: Underestimating exponential growth as it relates to climate change
Adél Drew explores whether climate risk scenarios truly reflect the trends we are seeing - and the consequences of getting it wrong
IFRS 17: one year to go
Cintia Cheong summarises this year's important developments, and what to expect in the 12 months before the insurance contracts accounting standard comes into effect
Focus on inflation risk, Lloyd's syndicates told
Lloyd's executives have revealed the risk priorities for the market in 2022 will also include cyber, culture and sustainability. Ronan McCaughey reports
Next-generation CROs will be wide-ranging influencers
Chief risk officers (CROs) at InsuranceERM's Insurance Risk & Capital EMEA conference all pinpointed how they must broaden their remits - and sharpen their influencing skills - to ensure they're fit for the future. Paul Walsh reports
The FIO's climate letters reveal burning desires
The Federal Insurance Office (FIO) has published a raft of comment letters after its request for information on climate regulation. Could this be the tinder to spark new rules? Sarfraz Thind reports
Riding the inflation wave
Inflation has been rising throughout 2021 driven by the economic recovery from the Covid-19 pandemic, surging energy prices and global supply chain disruption. Ronan McCaughey asks how insurers are dealing with the risk
German actuaries review the Review of Solvency II
Dissecting documents with a fine-tooth comb is natural for actuaries. After applying one to the European Commission's proposals for Solvency II reform, German Association of Actuaries board member Frank Schiller spoke to David Walker
Future pandemic risk pools will be shallow, not deep
The concept of an all-encompassing government-backed risk pool to deal with the threat of future pandemics is all but dead. However, public support remains available for smaller schemes, as Paul Walsh reports
Eiopa's Petra Hielkema: stress tests and Orsas are good for climate risk management
The chair of the EU's insurance authority talks to Christopher Cundy about the supervision of sustainability issues and explains why the own risk and solvency assessment (Orsa) and stress testing are the most important tools, right now
Climate change's threat to longevity
The relationship between the environment and human health is a growing topic for life insurers. Longevity modelling experts expect there will be some important and unexpected trends to consider, as Cintia Cheong reports
L&G's Simon Gadd: piloting a pathway
Simon Gadd was appointed as Legal & General's first group climate change director earlier this year. He talks to Christopher Cundy about how he is helping steer the UK life insurer and asset manager towards its net-zero goal
FSOC climate report: more talk than action
US Federal authorities released their much-awaited report on climate risk in the finance industry. Though comprehensive on current practices, the report treads lightly in its recommendations for what should be done. Sarfraz Thind explains
UK's Solvency II study spooks the market
Annuity writers have been shocked by the results of the UK's quantitative impact study on potential reforms to Solvency II and are preparing for a clash with the regulator, as Christopher Cundy reports
COP26: a springboard for action, says the IAIS
Jonathan Dixon, secretary general of the International Association of Insurance Supervisors, discusses with Sarfraz Thind the hopes for COP26 and how insurers may benefit from the global climate conference
How insurers can regain climate leadership
Everyone needs to go beyond their comfort zones if the Paris Agreement goals are to be met. Peter Bosshard has four suggestions for insurers
Rising expectations: how supervisors are acting on climate change
Anna Sweeney explains how global supervisors are collaborating in order to help insurers grasp the implications of climate change - and improve the sector's response to the risk
Facilitating the transition
Don Forgeron, president of the Global Federation of Insurance Associations, discusses what role the insurance sector can play in global efforts to mitigate and adapt to climate change