Analysis

66403

UK annuity writers await crucial paper on IFRS 17 profit recognition

Cintia Cheong reports on how insurers and auditors are under pressure to reach a consensus on applying IFRS 17 to annuities - a decision that could seriously impact insurers' balance sheets

66400

Oil and gas: a soaring risk

After coal, the oil and gas sector is lining up to be the next focus of insurer divestment. But can US insurers really afford to chop this all-American sector from their businesses? Sarfraz Thind reports

66387

What's driving growth in nat cat losses?

Experts at the Insurance Risk & Capital Americas conference discussed trends in natural catastrophe loss exposures, model constraints and how insurers should address insurability of high-risk properties. Cintia Cheong reports

66377

Commission's Solvency II proposals "are not gifts" for insurers

Insurance Europe's Olav Jones tells Christopher Cundy about European insurers' hopes and fears on plans to reform the directive

66370

IRC Americas: Covering all bases and dealing with curveballs

What do chief risk officers (CROs) highlight as their biggest concern? It could be the sheer multitude of risks they have to face, as Ronan McCaughey reports from the Insurance Risk & Capital Americas conference

66361

Germany plots the transit from transitionals

Some life insurers rely on Solvency II's transitional measures to ensure their continued existence. But paradoxically, that does not mean they will fail without them, as David Walker explains

66335

RVS 2021: Emerging risks start shifting beyond climate and cyber

Re/insurers at this year's virtual Rendez-Vous de Septembre (RVS) event began to take a more holistic view when discussing emerging risks. Paul Walsh reports

66316

Dive In 2021: regulators spur action on diversity and inclusion

As the annual Dive In Festival, designed to promote diversity and inclusion in the insurance sector, gets underway, Paul Walsh finds financial regulators are adding their weight to the agenda

66289

Climate risk enables insurance technology to blaze a trail

Acute regulatory, shareholder and consumer pressure on climate change is fuelling increasing demand from insurers for technology to assess the impact of climate risk. Ronan McCaughey explains how insurance software vendors are responding to the challenge

66285

Social inflation: 800lbs gorilla or 80lbs monkey?

Casualty insurers are complaining about rising liability losses, driven by a litigious US culture and changing social attitudes. But could a far worse catastrophe be ahead of them? Sarfraz Thind reports

66264

Insurers need innovative solutions to address climate change risks

Willis Towers Watson's Adhiraj Maitra and Matt Scott tell Cintia Cheong how innovation helps insurers understand climate change risks and why regulators are not the only stakeholders pushing for better risk management

66246

Maurice Perkins: Transamerica's transatlantic negotiator

Transamerica's global head of government and policy affairs talks to Sarfraz Thind about US and international insurance regulation, Biden's tax reforms and the cultural differences that keep his job interesting

66234

Saudi Arabia embraces IFRS 17 for insurance transformation

IFRS 17 in Saudi Arabia is a story of right time, right place - and the Middle East's largest economy is powering ahead to ensure the standard can transform the country's insurance sector. Ronan McCaughey explains

66221

Talcott Resolution's Chris Abreu: handpicking the way to successful risk management

Paul Walsh talks to chief risk officer Chris Abreu to discuss the US life insurer's separation from The Hartford, the influx of private equity capital and the impact of Covid-19 on risk management

66200

UN climate report: insurers ready to drive radical change

Paul Walsh rounds up reactions from insurers, trade associations and industry experts to the findings of a landmark United Nations (UN) climate report - described as a "code red for humanity".

66191

CyberAcuView's Mark Camillo: cyber data collection first, policy influence next

Major insurers are backing CyberAcuView's efforts to collect cyber claims data and act as a focal point for the industry's engagements with law enforcement, regulators and law makers. Paul Walsh talks to its chief executive Mark Camillo

66179

Whiplash reform raises data and fraud risks

The UK's new protocol for dealing with soft tissue injury claims arising from vehicle collisions has been operating for just over two months. Shyam Bhatt warns insurers of two emerging challenges to their data management processes

66174

The US Climate Survey: good, bad and ugly

US insurers' efforts to understand and mitigate climate risks is difficult to discern, but the NYDFS and InsuranceERM have dug into the NAIC's annual survey to find patchy progress and some surprising opinions. Sarfraz Thind and David Walker report

66165

Eiopa's unit-linked reforms: it's about value, but not money

Plans to ensure unit-linked products in the EU deliver value for money are fraught with challenges, not least on the definition of value, as Christopher Cundy discusses

66160

Allianz's Aylin Somersan Coqui: with crises come opportunities

The chief risk officer of one of the world's largest insurers talks to Cintia Cheong about her changing role, the risks Allianz faces and how Covid-19 has changed the way risk is managed