Pensions
News
MPs request solution for cross-border insurance contracts written before Brexit
UK industry fears loss of legal authorisation without agreement to replace passporting
Canada Life Re and Prudential Financial in £3.4bn longevity risk deal
Marsh & McLennan Companies’ UK pension fund de-risks via captive insurer
Police Mutual liberated from FCA investigation over treatment of closed-book customers
Five others still under scrutiny
'Another one bites the dust' as Canada Life UK swoops on annuity provider Retirement Advantage
The M&A leaves just six UK annuity providers
Growth of own funds offsets Achmea's increased market risk
The eligible own funds at the Dutch underwriter outgrew the regulatory requirement for them, by mid-year
Prudential combines M&G with UK and Europe business
Aegon makes sweeping changes to supercharge solvency ratio
Tech firm promises low-cost, flexible economic scenario generator
UK watchdog on guard for annuities market intervention
PIC transfers £1bn of longevity risk to Scor
PRA clarifies position on longevity risk transfer
UK with-profits policies return to regulator's spotlight
Analysis
Gen Re's Jules Constantinou: technology can make insurance more meaningful
Jules Constantinou, regional manager for life and health at GenRe UK and Ireland, and president-elect of the Institute and Faculty of Actuaries, vows to make insurance more meaningful to society. He tells Cintia Cheong how technology can help achieve that
Yes, no, maybe: the PRA responds to industry's Solvency II reform agenda
The UK regulator has made a point-by-point reply to the Association of British Insurers' agenda for Solvency II reforms and confirmed its priority to review the reporting requirements. Christopher Cundy reports
Actuaries price themselves out of data science jobs
The skills needed in the ‘big data’ revolution closely match those held by actuaries, but well-qualified individuals are unlikely to find the sector financially attractive, as Cintia Cheong finds in her report on actuarial recruitment in the UK
L'exception française?
The French government is proposing to exempt supplementary pension products from Solvency II capital requirements, a seismic change that will give the sector much needed relief. Hugo Coelho reports
Germany hits the brakes on its €32bn ZZR
The ballooning level of additional interest rate reserves has prompted reforms to the rules, but few insurers took advantage in 2015. Hugo Coelho reports
Blip, trend or poor model? Insurers respond to shift in mortality projections
Recent mortality projections for England and Wales have led some observers to question whether this marks the start of a new trend – or the need to build a new model. Asa Gibson reports
-
Market Insight
IFRS 17 and the challenges ahead
The new insurance contracts accounting standard brings a dramatic shift in accounting and actuarial practices, and insurers should be prepared for implementation challenges, as Kamran Foroughi explains
-
Market Insight
High velocity risk management
A rapidly changing world produces rapidly emerging risks that can flummox even the most comprehensive of risk management frameworks. Neil Cantle proposes an approach to improving how insurers respond to today's threats...