Risk Risk Management, Models, Catastrophe Risk, Longevity, Mortality

News

Barry losses to peak at $500m, says RMS

Around half of total insured losses will be incurred by the NFIP

Abir elects Hamilton Insurance CEO Pina Albo as deputy chair

Convex Group has also joined the Bermuda re/insurance association

Run-off specialist Darag purchases closed reinsurer of African risk

Deal marks Darag's first entry to UK market

Insurers in Singapore breach minimum capital requirements in IMF stress tests

Solvency tests conducted as part of International Monetary Fund review

Reinsurance remains challenge for Australia to adopt IFRS 17

Non-life insurers concerned by additional data requirements

Allianz X invests in ESG data provider Arabesque S-Ray

Insurer’s digital investment unit leads $20m funding round

B3i blockchain group appoints Carolin as permanent CEO

John Carolin had been serving as interim CEO since March

Gulf Islamic insurers face consolidation from tighter capital rules

S&P Global Ratings says Saudi Arabian regulator plans to hike capital requirements to SAR 500m

French regulator puts equity charges top of Solvency II reforms

Insurers, policyholders and economy would benefit from more equity investment, says Bernard Delas

Hurricane Barry insured losses could hit $300m

Barry made landfall as a category one hurricane in Louisiana last Saturday but quickly dissipated

Analysis

Climate risk in the US: time to stand up

Trenchant politics, vested interests, short-term thinking ... tackling climate change in the US is an uphill battle. Washington insurance commissioner Mike Kreidler tells Sarfraz Thind about the difficulties of standing up to the status quo

Insurers push for dual-rate approach to Ogden

The change in the Ogden rate prompted surprise and disappointment from insurers. Their hopes for a fairer settlement are now pinned on the next round of reforms, as Christopher Cundy and Paul Walsh report

Annual cohorts dominate EU debate on IFRS 17 endorsement

Efrag's preliminary discussions on proposed amendments to IFRS 17 reveal growing support to revise the approach to grouping of insurance contracts. Cintia Cheong reports

"We want clarity and certainty for IFRS 17 implementation"

Patrick Klijnsmit, director of finance, risk & performance management and control at ASR, talks to Cintia Cheong about choosing vendors and contractors, and what he thinks of the proposed changes to the accounting standard

What's next for the MA and VA?

More than €100bn of capital relief is provided by Solvency II's matching and volatility adjustments, but they are far from uncontroversial. As the European Commission begins to consider reforms, Christopher Cundy reports on the problems and possible solutions

Questioning the value of IFRS 17

Irish insurance chief risk officers have expressed scepticism about the benefits of IFRS 17 and fear the principles-based nature of the insurance accounting standard will hamper consistency. Ronan McCaughey explains