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News

Aflac gets rating upgrade for positive LDTI work

Insurer rating upped to aa, as AM Best praises its risk mitigation capabilities

Barnett Waddingham hires Markel's former head of capital

Julien Masselot will join the consultancy as head of capital and risk

Axa analyses biodiversity impact of its operations

There are not yet commonly accepted tools to measure biodiversity

Insurers urged to prepare for escalating global security threats

Nuclear conflict is more likely now than a year ago, warns expert from Pool Re

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

Ivass president dubs volatility adjustment "complex, opaque and not very effective"

Country-specific element was not triggered by this month's volatility

UK regulators publish climate change reference tool for actuaries

Report from the Joint Forum on Actuarial Regulation explains role actuaries can play

Belgian regulator quantifies effect of inflation on solvency coverage

NBB finds failings in standard formula treatment of inflation shocks

European insurer boards fall short of investors' expectations

EY releases findings on financial boardroom skills across Europe

BaFin warns German firms being "intensively supervised" about reporting obligations

Local insurance law demands prompt notification if insurers' financial situation worsens

US cyber insurance market will not cover catastrophic losses

FIO called on to assess cyber risks with potential for federal intervention

Marsh not acting for Adani's Carmichael coalmine

Insurance broker had been linked to contentious coalmine by its investors

Analysis

Bigger does not mean better for insurers

Expanding an insurance business in good times typically meant growing profits. In today's tougher economic environment, Europe's largest insurers are being much more prudent about spending capital, and are only considering very careful expansion, as David Walker writes

Scepticism about the UK's Solvency II savings

The UK government is projecting a meaningful reduction in capital requirements from its prudential regulation reforms. But some question whether the redesign will make any difference, as Christopher Cundy reports

Systemic risk warnings put Sifi regulation back in play

Macro risks are piling up for insurers, prompting US regulators and lawmakers to suggest bringing back the "systemically important financial institution" designation. Sarfraz Thind reports

Insurers go back to basics in biodiversity underwriting push

The loss of biodiversity has been identified as one of the world's most severe risks, but insurers are only just beginning to get to grips with it. Paul Walsh reports

Sarah Williams cultivates new risk strategy at Guardian Life

Sarah Williams found a new job and a new hobby during the pandemic. Now chief risk officer at Guardian Life - and a keen gardener - she is planning to make both flourish, as she explains to Ronan McCaughey

Insurers happy with UK's Solvency II plans, but capital savings remain uncertain

The government has grabbed positive headlines with its proposals to reform Solvency II, but the industry is cautious about the how they will pan out. Cintia Cheong reports