Associations

News

UK insurers make marginal progress on gender balance at board level

CROs give their views on what's needed to achieve diversity

Insurers improve climate response but need to look outwards, ClimateWise finds

Annual report on industry's climate change efforts shows good progress

Disciplinary charges against IFoA critics dismissed

Disciplinary Tribunal Panel drops second case after IFoA withdraws action

IFoA brings disciplinary action against two of its biggest critics

But first case is dismissed by a tribunal panel

German insurers' legal costs in diesel scandal near $1bn

GDV expects further cases as plaintiffs target more vehicle manufacturers

Covid-19 drives £4.4bn in savings for UK motor insurers

ABI said motor claims have fallen this year, but stressed underlying cost pressures remain

British insurers prolong Covid-19 support until March 2021

Industry has paid out more than £1.8bn in coronavirus-related claims

NAIC elects Dean Cameron as 2022 president

Cameron spoke at virtual conference as he has contracted Covid-19

US insurers and lawyers tussle over best pandemic insurance solution

Federal Advisory Committee on Insurance hears four-way fight over pandemic risk methodology

Lloyd's sets record straight on its coal policy

Insure Our Future had slammed Lloyd's for not doing enough

Analysis

Bank of England ignites the debate on UK-EU Solvency II equivalence

The EU is in no rush to grant the UK reciprocal equivalence on Solvency II and has stirred anger by saying it wants to see how far the UK diverges before giving the green light. Paul Walsh assesses the state of play and whether there is any potential for a future agreement

Is address-level pricing causing or solving natcat protection gaps?

Consumers in high-risk districts are facing unaffordable premiums for property cover - a situation that some blame on insurers' increasingly detailed pricing methods. But insurers argue that address-level pricing allows them to close protection gaps. David Walker reports

Insurance protection gaps: getting over the blame game

Politicians and civil society tend to blame insurers for widening protection gaps. But insurers say governments and regulators must share responsibility. So what can be done to solve what all regard as a growing problem? Christopher Cundy reports from Eiopa's 10th anniversary conference

Lawyer says he has "smoking gun" in US business interruption case

John Houghtaling, who is handling $3bn in claims on behalf of small businesses forced to close by Covid-19, believes his case will be a watershed for the US BI saga. Sarfraz Thind reports

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

The politics of pandemics

Combatting the next pandemic will take a lot more than vaccines, according to Frank Schiller, a board member of Germany's actuarial association. To cover the risk, insurers will need a deft understanding and the ability to work closely with the political world, as Schiller explains to David Walker