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

News

ESG reputational risks evolve fast, threaten insurers

Companies will be challenged by stakeholders, say panellists at Kennedys "Rise of Intangible Risk" seminar

Swiss Re: nat cat insured losses break $100bn threshold again in 2022

Natural catastrophes in 2022 included hurricane Ian, hailstorms in France and flooding in Australia

Markel transfers PPO liabilities to Marco Capital

LPT deal includes claims settled via periodic payment order

Alte Leipziger welcomes ZZR bill vanishing in 2022

Mutual life unit retrieved €74m from ZZR, after expecting a €250m bill

Maintain pricing discipline, despite easing inflation, says Swiss Re

The reinsurer says inflation will increase P&C claims costs by 5-7.5% across five main markets

UK pension risk transfer volumes hit £44.7bn in 2022

LCP says Legal & General had the highest share of the UK bulk annuity market

Perils estimates Turkish quake insured loss to reach $3.4bn

The data provider said the catastrophe was the costliest in Turkey's recorded history

The Hanover appoints Eric Cannon as CRO

UK pension risk deals may reach £600bn this decade, says PIC's chief

Tracy Blackwell said the UK pension risk transfer market has huge potential

"ILS market at a crossroads," says AM Best

Hurricane Ian was a major turning point, rating agency says

Perils pegs typhoon Nanmadol property losses at $1bn

CROs have appetite for increased digitalisation

CRO Forum surveyed its members on the topic and challenges they face

Credit Suisse bond holdings a concern for US insurers

A number of insurers have small size holdings in troubled bank

Eiopa sets out supervisory measures to eliminate price walking

The authority releases statement on its non-life differential pricing practices consultation

Legal & General eyes up Dutch PRT market opportunity

The insurer has linked up with Dutch life and pension insurer Lifetri

Regulators alarmed over insurers' silent cyber and ransomware capabilities warns CRO Forum

The forum said regulators globally had increased focus on these threats

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Analysis

Insurers caught up in the Swiss roil

The fall of Credit Suisse, hot on the heels of SVB and Signature Bank, has sent insurers scrambling to assess the risks to their portfolios. While the hit seems manageable, Sarfraz Thind asks if there could be worse to come

Litigation takes off to decide when "all is lost" for aircraft grounded in Russia

Insurers and clients are commencing major courtroom battles over policy coverage and phrasing after aviation assets were trapped inside Russia. David Walker investigates

Bermuda's time for IAIGs

Bermuda may soon identify its first internationally active insurance groups, according to the Bermuda Monetary Authority director of insurance supervision, Gerald Gakundi. Sarfraz Thind reports

Female CRO perspectives on gender diversity

International Women's Day marks an opportune moment for female chief risk officers to discuss their views on the state of gender diversity in the insurance sector. Ronan McCaughey explains

The next steps in climate stress and scenario analysis

EY's senior manager and UK insurance climate risk leader Diego Jimenez-Huerta discusses how insurers are set to develop their climate change analysis in 2023, in this Q&A with Christopher Cundy

Young risk professional of the year: Lara Palmer, LCP

Lara Palmer, winner of the young actuarial and risk professional category in InsuranceERM's 2023 awards for UK & Europe, talks to Paul Walsh about dispelling the stereotypes of actuarial work

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