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

News

Inflated claims hit Geico to the tune of $487m in Q2

Berkshire Hathaway's auto insurer highlighted significant cost inflation in automobile markets

"Band-aid solutions" will not address climate change, warns Suncorp CEO

Steve Johnston made the comment as the insurer released its full-year results

Hannover Re hit by major P&C losses in H1

The reinsurer said pandemic-related expenditure is falling as expected

Insurtech funding shows signs of small recovery in Q2

Q2 funding stood at $2.4bn, having totalled $4.8bn in Q2 2021

CRO Forum adds space debris and climate engineering as emerging risks

Climate change and cyber risks are listed as the most pressing threats for insurers in 2022

Get your free listing in InsuranceERM's 2022-23 technology guide

Entries must cover insurance risk management software and the deadline is Friday 12 August

Hedge fund hit prompts $278m H1 loss for SiriusPoint

Losses from catastrophes and the Ukraine conflict were also cited

Irish regulator launches climate risk guidance for re/insurers

The Central Bank of Ireland says climate change is no longer an "emerging risk"

Agri Prevoyance requires recapitalising after ratio hits 114%

Agricultural industry underwriter reveals plan in SFCR

Eiopa elaborates on how insurers can consider climate change in Orsas

Own risk and solvency assessment may need "new approach", EU authority says

Secondary perils drove H1 catastrophe losses, says Swiss Re

Insured natcat losses hit $35bn, above 10-year average

Insurers must deploy "new age" models to combat wildfire risk

Zesty.ai's Attila Toth said traditional methods miss the true impacts

Analysis

Solvency II in Germany: four insurers below 100% ratio without transitional measures

New analysis from Insurance Risk Data picks up where Eiopa left off, evaluating the use of the long-term guarantees measures in Germany, the EEA country where they are most popular. David Walker reports

Japan steps forward with ICS-based capital framework

Japan is midway through development of a new capital framework that takes its lead from the Insurance Capital Standard. This should make it a beacon for international prudential rules, as the FSA's Shigeru Ariizumi explains to Sarfraz Thind

Czech insurers awaken to digitalisation

Paul Walsh reports from Prague on the opportunities and risks for underwriters in the historically conservative Czech Republic market

R.I.P. traditional life insurance

Low interest rates killed off European life insurance products that offered policyholders guaranteed annual returns. Even now as rates rise, David Walker finds practitioners are ready to bury the concept

Thinking outside the box on emerging risks

Risk professionals may need to deploy more imagination if they are to address the perils that are currently going undetected. Paul Walsh reports

ALM and capital management under Hong Kong's RBC

Richard Chan, Hong Kong chief investment officer and Asia head of ALM at Axa, discusses Hong Kong's forthcoming risk-based capital regime and how insurers will respond