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News
Direct Line chief slams FCA's pricing reform timeline
The UK non-life insurer also announced a £100m share buyback and 4.5% drop in annual profit
Royal London's profit plummets as annuities business kicks off
Approval pending for matching adjustment portfolio
Debeka Leben falls below 100% solvency without transitionals
Group calls on Europe's politicians not to "close eyes" to effect of low rates
Willis Towers Watson to update DataValidator software tool
The provider says the product's processing speed will be multiple times faster in most cases
Insurers urged to stand firm on uninsurable risks
AIG's Brian Duperreault said insurers must be careful about saying what they can cover
The winners are revealed in InsuranceERM's 2021 Awards
The awards recognise the best in the UK and Europe's insurance risk management sector
Sampo's plan to divest Nordea will trigger capital management changes
Market risk will be dramatically reduced, says CFO
German life firms risk capital inadequacy when transitionals expire
BaFin's Frank Grund predicts more insurers to face "intensive supervision" as result of Covid-19
Zurich chooses worst moment to switch capital target to SST
CFO apologises to analysts for mis-stated Q3 2020 figure
Aegon establishes reserve for US Covid-19 mortality
Adverse mortality so far was offset by favourable morbidity in Aegon's US book
Analysis
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
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
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
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
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
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