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Australian government downplays cyber property threat
12 December 2018Cyber terrorism remains an emerging risk but has yet to lead to market failure, the Australian government says
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QBE's 2019 reinsurance programme targets major cat loss reductions
12 December 2018Australian group expects reductions of up to 50%
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Analysts concerned by optionality in IFRS 17
11 December 2018But they hope comparability will improve in future, says KPMG
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UK calls for evidence on setting the Ogden rate
11 December 2018Responses will be used to help the Lord Chancellor consider all relevant issues in setting the rate
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Fitch and think-tank warn UK insurers about no-deal Brexit
11 December 2018Systematic refusal of valid EU claims will trigger restricted default, Fitch warns
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PIC secures £1.2bn reinsurance deal with Scor
11 December 2018The deal follows a similar £1bn agreement struck in July 2017
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Industry welcomes PRA's update on equity release mortgages
10 December 2018Practitioners happy with extra 12 months before implementation
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PRA and FCA confirm SMCR extension for insurers
10 December 2018The SMCR previously only applied to the banking sector
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UK P&C insurers urged to factor in regulatory scrutiny on pricing
10 December 2018Moody’s says insurers will need to adapt their pricing practices to comply with revised regulations
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PRA provides more clarity on equity release mortgages
10 December 2018But UK regulator also makes important concessions in policy statement