David Walker

Europe's insurance premiums top €3trn in 2023

Eiopa figures reveal a 3.1% expansion in GWP since 20220*

Southern German floods likely to cost insurers €2bn, says GDV

June inundations in Bavaria and Baden-Württemberg bring major losses

Eiopa reveals near-€500bn growth in industry eligible own funds under Solvency II

Rate of growth is almost double expansion of capital requirement since Q3 2016

Geneva Association appoints Lee Yuan Siong as chair

Fitch predicts robust credit fundamentals and less rates risk for Japan's life sector

Insurers will also keep expanding overseas to boost earnings, ratings agency expects

Irdai forces India's health insurers to improve terms of insurance

Tokio Marine joins World Bank in underwriting political risk to boost climate investing

MS&AD revises outsourcing policy to avoid abuse of power

Japan's FSA publishes update on next solvency regime, and 2023 field testing

The Financial Services Agency is preparing for new solvency rules from the 2025 fiscal year

Aegon's first Bermuda solvency filing reveals major change in risk profile

Scottish Equitable wins 28-point solvency uplift from UK risk margin reform