Analysis

65608

Problematic behaviour in the digital environment: a growing culture risk

Bullying and harassment are not only issues in the office environment - in fact they can be worse in a workforce that operates remotely. Gemma McCall shares her advice on tackling this growing people and culture risk

65598

Matching adjustment becomes a battleground in UK's Solvency II consultation

Respondents to the UK's consultation on the future of Solvency II have taken starkly opposing positions on the matching adjustment, with some arguing for liberalisation and others for scrapping it. Christopher Cundy reports

65552

The German insurer that paid pandemic business claims without dispute

When Covid-19 and lockdowns came to Germany, most non-life insurers quickly checked their policy wordings for business closure, and sought compromises with clients. Muenchener Verein simply paid out claimants, as a matter of principle, its CEO tells David Walker

65532

Bank of England ignites the debate on UK-EU Solvency II equivalence

The EU is in no rush to grant the UK reciprocal equivalence on Solvency II and has stirred anger by saying it wants to see how far the UK diverges before giving the green light. Paul Walsh assesses the state of play and whether there is any potential for a future agreement

65526

Is address-level pricing causing or solving natcat protection gaps?

Consumers in high-risk districts are facing unaffordable premiums for property cover - a situation that some blame on insurers' increasingly detailed pricing methods. But insurers argue that address-level pricing allows them to close protection gaps. David Walker reports

65503

Insurance protection gaps: getting over the blame game

Politicians and civil society tend to blame insurers for widening protection gaps. But insurers say governments and regulators must share responsibility. So what can be done to solve what all regard as a growing problem? Christopher Cundy reports from Eiopa's 10th anniversary conference

65488

Genetic testing risks go under the microscope

Do life insurers really face the risk of adverse selection from customers that have taken predictive genetic tests? Academics think not, and insurers and policyholders could indeed benefit from wider use of genetic testing, as Paul Walsh reports

65466

Australian insurers face BI legal slog after "one shot" plan backfires

After failing spectacularly to prove they were not liable for business interruption claims related to Covid-19 lockdowns, Australian underwriters are now facing the prospect of numerous and lengthy court cases. David Walker reports

65452

Climate change could radically reshape US insurance losses

Re/insurers in the US could face a 20% increase in hurricane-related property losses because of climate change. But that's just the average. In certain regions, the losses might be several times higher by 2050, as AIR Worldwide's Peter Sousounis explains to Christopher Cundy

65446

Cloud outsourcing comes down to earth

Insurers are being pushed to better manage the operational risks arising from the use of cloud computing. There are some deep challenges involved, but regulations are arriving that might help, as Ronan McCaughey reports

65444

Lawyer says he has "smoking gun" in US business interruption case

John Houghtaling, who is handling $3bn in claims on behalf of small businesses forced to close by Covid-19, believes his case will be a watershed for the US BI saga. Sarfraz Thind reports

65441

Covid-19 vaccinations move the needle on mortality forecasts

With the UK's Covid-19 vaccination programme being rolled out, experts tell Cintia Cheong about its impact on mortality in 2021 and what insurers should consider when projecting mortality trends

65433

"Responsible underwriting will become the norm"

Renaud Guidée, group chief risk officer at Axa, is spearheading the launch of a net-zero underwriting alliance, an industry initiative to tackle climate change through underwriting. He tells Cintia Cheong why it's needed and explains the challenges ahead

65420

CROs pinpoint climate change as key issue for 2021

InsuranceERM's year-end poll of risk management experts found widespread agreement that climate change would be a key risk and opportunity for the insurance sector in 2021. Paul Walsh reports

65410

EU and UK endorsement: the final hurdle

Cintia Cheong charts the endorsement of the IFRS 17 insurance contracts accounting standard in 2020 and explains what happens next

65376

Germany's interest rate reserve gets bigger - and better

German life insurers paid more into the Zinszusatzreserve again in 2020, despite the new "corridor method" of calculation that intended to unburden the sector. Industry leaders tell David Walker the ZZR remains fit for purpose nonetheless

65373

The new risks emerging from remote working

The long-term effects of relocating staff from offices to their homes, due to the Covid-19 pandemic, are beginning to be understood. Risk managers have been satisfied in some respects, but deep concerns about staff wellbeing and the impacts on culture remain. Christopher Cundy reports

65377

The politics of pandemics

Combatting the next pandemic will take a lot more than vaccines, according to Frank Schiller, a board member of Germany's actuarial association. To cover the risk, insurers will need a deft understanding and the ability to work closely with the political world, as Schiller explains to David Walker

65371

Covid-19 mitigation in the US: compliance drops, virus rages

In a follow-up to his article on applying ERM expertise to limit the spread of Covid-19, Dave Ingram reports on adherence to mitigation requirements in November, including for the key Thanksgiving holiday

65363

ICS: the gift that nobody wants

The Insurance Capital Standard continues to be a source of controversy. If the IAIS thought the global capital rule had satisfied at last year's Abu Dhabi meet, they will need to think again. Sarfraz Thind reports