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News

Actuaries urged to join the UK's fight against Covid-19

Covid-19 actuaries response group issues a call to arms

Perils to include Australian motor in coverage expansion

The expansion is part of an industry exposure update to be released in April

Aon-WTW merger will dominate non-life actuarial modelling market

ReMetrica and Igloo are the leading platforms among UK general insurers

Nat cat models have 'limited value' for cyber risk modellers

Cyber risk modellers urged to be selective in applying lessons learned from natural catastrophes

Phoenix boosts profits amid latest leadership change

Jim McConville will stand down as finance chief

Chilean riots show potential for catastrophic SRCC losses

One-third of strike, riot and civil commotion losses incurred by retailers, says PCS report

AIR Worldwide assesses next wave of countries at risk from coronavirus

The catastrophe modeller used its pandemic model to run hypothetical scenarios

Solvency rules minimise insurance company failures

Fewer insolvencies have taken place since rules were introduced in 2004

No need for new models for coronavirus, says top German actuary

MunichRe chief life/health actuary says Spanish flu still the benchmark of one-in-200-year event

WTW insurance consultant ranked world's best financial modeller

Annual competition attracts 2,000 participants

Analysis

Cat modelling awakens to climate change risk

Responsibility for understanding the implications of climate change for insurers has largely fallen on the shoulders of the catastrophe modelling community. They are responding with a more dynamic and multi-faceted view, as Paul Walsh reports

Modelling the virus

The spread of Covid-19 has not come as a surprise to everyone. Analytics firms are looking at the thousands of situations to model pandemics every day. However, it seems insurers are not quite up to scratch. Sarfraz Thind reports

Australian life insurers arm up on the frontline of climate change

Climate change is not just a worry for property and casualty insurers. In Australia, whose recent natural disasters are widely seen as harbingers of global warming, life and health firms recognise complacency is no option. David Walker reports

China's coronavirus outbreak could hit insurers severely - UPDATED

Insurance experts talk to Ronan McCaughey about the mortality, operational and economic losses the deadly virus poses for the re/insurance industry

Making scenario planning meaningful, effective and manageable

An expert panel at InsuranceERM's Regulation & Risk Management conference on 3 December in London shared their advice on stress and scenario planning, an activity that has become increasingly important for risk teams as they play a greater role in business strategy

Eiopa's Gabriel Bernardino: climate disclosures will become mandatory

Gabriel Bernardino, chair of the European Insurance and Occupational Pensions Authority (Eiopa) joined InsuranceERM's Insurance Risk and Capital EMEA conference earlier this month. In a Q&A with Christopher Cundy, he answered questions about climate change, the Solvency II review and conduct risk