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News

Athene co-founder announces retirement

Sean Brennan to oversee Athene’s flow reinsurance business, in addition to PRT role

Geneva Association adds Chinese execs to board

Four new members are all prominent insurance leaders

Lloyd's CEO says the market must embrace digital transformation

John Neal has called on Lloyd’s to evolve fast or risk driving itself into irrelevance

Tesla on track to enter auto insurance market

“Information arbitrage” gives company an advantage, says Elon Musk

Just hires CFO from LV=

Andy Parsons will start new role in January 2020

Legal & General launches blockchain pension risk transfer platform

The insurer says the development will transform the way PRT reinsurance is delivered

Tokio Marine Kiln execs resign after sexual harassment allegations

The development follows numerous allegations of widespread sexual harassment at Lloyd's

Technology and cyber top poll of insurers' risks

The Insurance Banana Skins report says overall tone is the most negative since 2007

Institute and Faculty of Actuaries found guilty of race discrimination

British actuarial students were disadvantaged compared to Indian students, tribunal finds

Munich Re chief urges higher carbon emission costs

Joachim Wenning says actions must be taken to avoid missing climate change targets

Analysis

Ireland's insurers zero in on operational resilience

Operational resilience is fast becoming the watchword for Ireland's re/insurance market and the country's insurance regulator. Ronan McCaughey explains how Irish insurers are dealing with operational risk, as well as preparing for Brexit

Why South Korea leads the way on IFRS 17

South Korea has pioneered the adoption of the new accounting standard for insurance contracts, as well as coping with preparations for a new capital standard at the same time. Martin Sarjeant explains how

NAIC forum: technology, data science and Brexit

The NAIC's international meeting this month proved a lively affair. Beyond the regulatory dissection, participants had a lot to say on issues ranging from technology to Brexit. Sarfraz Thind reports

Setting the record straight on ICS 2.0

Paul Walsh speaks to Victoria Saporta, IAIS executive committee chair, to discuss the outlook for the global insurance capital standard (ICS)

Comment: on the Solvency II matching adjustment and credit risk capital

Craig Turnbull argues whether the matching adjustment results in EU life insurers holding a prudent amount of capital to support the long-term credit default risk in their fixed income portfolios

The CRO and pianist who hits all the right notes

Justin Skinner is chief risk officer at Vitality, the pioneering life and health insurer. He talks to Ronan McCaughey about his career, the risk management challenges associated with technology – and Queen's greatest hits