UK

News

Beazley bolsters property reserves in H1 2018 as profits fall

Property line losses not from natcats, UK insurer says

Solvency II reporting: most mistakes found in crucial solvency ratios

Missing and imprecise figures not ironed out in second year, Insurance Risk Data research finds

Nine out of 10 confident to meet IFRS 17 deadline, survey finds

One third of insurers to spend at least €50m on complying with the accounting standard, says Deloitte

RMS unveils expanded terrorism model

RMS has updated its terrorism model to include new targets, exclude targets outside of attack criteria and to refine latitude and longitude coordinates of key attack points.

Efrag decision will influence global IFRS 17 deadline

Opinions of EU will have global repercussions, says ABI assistant director

Analysis

NN's Jan-Hendrik Erasmus: finding the win-win in insurtech

NN Group has been an eager participant in the insurtech revolution. Chief risk officer and global IT leader Jan-Hendrik Erasmus tells David Walker how the Dutch insurer's tech strategy has evolved

GDPR data requests - a flood or a trickle?

The EU's General Data Protection Regulation (GDPR) was introduced on 25 May with warnings that insurers would be inundated with customers requesting details of the personal data held on them. Now, almost eight weeks later, have these requests materialised? Paul Walsh investigates

Holloway Friendly breaks the mould with readable, educational SFCR

The UK friendly society has taken a radical approach to its Solvency II public reporting, creating a document that can be understood by non-experts but still meeting regulatory requirements. InsuranceERM spoke with chief financial officer Paul Harwood to understand the firm's motives and ask how the redesigned SFCR has been received

EU supervisors insist Solvency II risk margin "is not an issue"

Insurers’ calls for a recalibration of the risk margin are being ignored by Eiopa and national supervisors, as evidenced at Insurance Europe's conference in Brussels last week. Aggelos Andreou reports

EU and UK authorities diverge on Brexit preparations

Eiopa repeats its advice to EU insurers to take contingency measures, while UK supervisors step up and reveal legislative plans. Aggelos Andreou reports

Mapfre's Antonio Huertas: there should be one global capital regime

Mapfre's chief executive tells Cintia Cheong about the challenges and risks at the top of the Spanish insurer's agenda, including underinsurance, Solvency II and IFRS 17