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

News

GDV raises German flood loss estimate to €5.5bn

Signal Iduna takes €44m of claims so far

Münchener Verein warns of ongoing coverage gap in German property

Munich-based group posts record-low combined ratio in 2020

Insurers warned Eiopa's Solvency II reporting proposals could hike costs

Insurance Europe flags the concern based on its preliminary analysis

New Zealand proposes additional solvency capital buffer

Interim insurance solvency standard to take effect in 2022 to reflect IFRS 17

Chubb hit with $44m lawsuit by US drama The Morning Show

Apple+ hit producers say insurer failed to provide business interruption coverage during pandemic

Forget Tokyo - playing petanque turns a profit for Spanish insurer

Mutuasport underwrote pastimes profitably last year - for second year running

Collapse of Aon-WTW deal removes threat of modelling dominance

Combination of ReMetrica and Igloo would have taken 70% of UK market

Eiopa consults on including climate reporting in Solvency II

EU insurance authority reveals package of proposals for updating QRTs

European insurers back carve out for IFRS 17

Insurance Europe reacts to ARC vote to endorse standard with optional carve out

IAG "playing catch-up" with rising costs of natural disasters

Australian non-life firm flags A$100m increase in natural perils allowance

Analysis

Cat modellers go physical to understand climate threats

Insurers' modelling of natural catastrophes has predominantly relied on historical data, but this approach is becoming unsuitable as the climate changes. Paul Walsh investigates the new techniques being developed

UK's PRT market set to soar after quiet H1

Pension risk transfer (PRT) activity in the UK was subdued during the first half of this year, but insurance experts tell Ronan McCaughey they expect an incredibly busy H2

Catastrophe modellers are red hot on climate

InsuranceERM's annual roundup of developments among catastrophe modellers and platform providers finds one overwhelming theme: the need to provide insurers with better ways to understand the impact of climate change on risk. Cintia Cheong, Christopher Cundy, Ronan McCaughey and Paul Walsh report

Insurers struggle to explain LDTI volatility to stakeholders

From communication to interpretation, experts discussed their challenges with implementing the incoming US life insurance accounting standard at last week's webinar. Cintia Cheong reports

Inigo Insurance: have fun, build something amazing

Richard Watson, co-founder of the specialty re/insurance startup, talks to Paul Walsh about the importance of enjoying work, dealing with sceptics and an ego-free approach to risk management

Insurers face "carrot or stick" decisions on climate change

Underwriters' response to climate change in their day-to-day business has become a major bone of contention and is often boiling down to a debate over whether the focus should be on incentives or punishments. Paul Walsh reports