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Analysis
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
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
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
"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
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
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
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
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
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
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
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
Gabriel Bernardino on four important Solvency II reforms
The chair of the European Insurance and Occupational Pensions Authority talks to Christopher Cundy about the main proposals to amend Solvency II and what they hope to achieve
Eiopa under fire over Solvency II review proposals
The European Insurance and Occupational Pensions Authority (Eiopa) published its long-awaited final thoughts on the Solvency II review this week. However, facets of the industry and beyond are distinctly unimpressed with the proposals, as Paul Walsh reports
Eiopa's Solvency II reforms: balance restored
The European Insurance and Occupational Pensions Authority (Eiopa) has published its final thoughts on how Solvency II should be reformed. Christopher Cundy guides you through the proposals
Mutuals' deferred shares could have saved LV= from demutualising
With the British life insurer planning to demutualise with the £530m sale of its business, Cintia Cheong talks to AFM chief Martin Shaw about the prospects for the mutual sector in the UK
ICS capital calculations: onerous, uncertain, but growing in relevance
The global Insurance Capital Standard (ICS) requires yet more modelling work for insurers and some of its rules for calculating capital are vague. It's currently a low priority for insurers and investors, but UK firms in particular should watch closely. Christopher Cundy reports
Regulators highlight dividends, Brexit and Solvency II as key topics for 2021
German, Irish and British regulators discussed their top concerns for 2021 at InsuranceERM's Insurance Risk & Capital EMEA conference last week. Cintia Cheong reports
US pandemic insurance: in defence of Pria
A battle has erupted between industry and regulatory groups on how best to insure the pandemic in the US. Congresswoman Carolyn Maloney, who came up with the Pandemic Risk Insurance Act, believes industry must shoulder its fair share of the burden. She speaks to Sarfraz Thind
The Solvency II 2020 review: three changes insurers hope to see
With the European Insurance and Occupational Pensions Authority (Eiopa) on the verge of delivering its final advice on reforms to Solvency II, the industry and other stakeholders have outlined some changes they wish to see. Paul Walsh reports
Western & Southern's Todd Henderson: a year for living safely
Western & Southern's CRO says he is happy to be boring. Yet the work he has done in 2020 has been anything but. He talks to Sarfraz Thind about negotiating the Covid-19 pandemic and discusses the risks for both underwriting and assets