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Analysis
Insurers urged to 'think the unthinkable' post-Covid-19
Experts at the Insurance Risk & Capital EMEA virtual conference reflect on the lessons insurers have learnt from the Covid-19 pandemic. Ronan McCaughey explains
The president on a mission to transform the IFoA
Tan Suee Chieh, president of the Institute and Faculty of Actuaries, tells Ronan McCaughey why the body must reinvent itself for a changing world - and how he plans to deliver his agenda for radical change.
The 2020 Atlantic hurricane season: breaking unexpected records
This year will be remembered for the having the largest number of tropical storms, but it has been a relatively lucky season without serious losses. For insurers and risk modellers, the long-term impact may be the advances in technology forced upon them by the pandemic, as Paul Walsh reports
What digital transformation means for CROs
Some chief risk officers are keen to embrace the opportunities offered by digital transformation, while others see it as a distraction. But all view digitalisation as an unavoidable trend that brings new risks with it, as Ronan McCaughey explains
EU supervisors comment on Eiopa's plans for Solvency II reform
French, German and Italian supervisors are supporting some of Eiopa's proposals to amend Solvency II, while the European Commission has admitted it needs to do more to encourage long-term business. Cintia Cheong reports
Pandemic shifts the focus for consultants to the insurance sector
Insurance consultancies say the Covid-19 pandemic has not been a doomsday scenario for their business, but it has resulted in some notable changes to the tasks they are being asked to help with. Paul Walsh reports.
IFRS 17 confidence level disclosure: ultimate run-off vs one year
Cintia Cheong explores why insurers face a tricky choice between the two different time horizons for the confidence level disclosure of the IFRS 17 risk adjustment
PRT expansion to drive L&G's dividend growth plan
Christopher Cundy reports from Legal & General's (L&G) investor day, where the insurer revealed new targets for its dividend, bulk annuity underwriting and investments
US Elections: a divided government is good for insurers
Joe Biden's win comes after an extended period of uncertainty and division that has clouded US politics. However, division is not the worst enemy of the US insurance industry, but "populist" reforms promised by the Democratic party may well be. Sarfraz Thind reports
WTW's Rowan Douglas: riding the wave of climate risk awareness
The head of Willis Towers Watson's Climate and Resilience Hub has been on a major hiring spree. He talks to Cintia Cheong about how interest in climate risk has surged and why insurers are demanding advice and analytical tools
The man mixing Hollywood, insurance and the environment
Terry Tamminen has devoted himself to campaigning for the environment and says insurers have helped. With his star-studded contacts book, he has catalysed huge progress. But there is still so much left to do, he tells Sarfraz Thind
Eiopa in 2021: more staff, more responsibilities
Europe's insurance authority is hiring nearly 35 more staff as its responsibilities grow. Executive director Fausto Parente explains what they will be doing, in conversation with Christopher Cundy
ERM plays catchup on digital transformation
Digital transformation has long been heralded as a game changer for the insurance business. However, its impact has mostly been confined to insurers' front-end processes - with risk and capital functions proving more challenging to digitalise. Ronan McCaughey explains
Applying ERM expertise to limit the spread of Covid-19
What can enterprise risk management experts offer to society in the pandemic? Quite a lot, as Dave Ingram and Dan Ingram explain, in their COVID Mitigation Monitoring Project
A hot take on the UK's Solvency II call for evidence
Christopher Cundy analyses what the British government is considering changing about its implementation of Solvency II, and what the implications might be for insurers and other stakeholders
Prudential Financial's Nick Silitch: running his own version of risk
The chief risk officer of the largest US life insurer talks to Sarfraz Thind about how he shaped his role and the risk function, and reveals the impact of the pandemic on the group
Taking a new direction in life
China Taiping Insurance Singapore, a long-established non-life insurer, has taken the rare step of diversifying into life business. David Walker talks to the man leading the move, Lance Tay
How actuaries can make a difference on climate risk
Actuaries can play important roles in helping to address the challenges of climate-related risks, according to the International Actuarial Association. Ronan McCaughey reports
Cracks in the normal distribution challenge CROs
Covid-19 is changing the way chief risk officers think and work. Eric Clapprood and David Sherwood talk to Sarfraz Thind about why CROs may need to focus on less extreme risks, and how they can adapt to the new normal
Covid-19 is bad, but cyberattacks and climate change may be worse
...so say the world's top reinsurers when asked about the most severe risks facing the industry. Paul Walsh reports