ESG premiums and investments should be linked, says Hong Kong Green Finance Association

CROs assuming head of sustainability role aligns management of key organisational risks, HK body says

Insurers that failed to hike rates face "rude awakening" post-Covid

WR Berkley foresees trouble as claims frequency normalises and severity rockets

Insurtech weekly: Scor, Sompo, B3i, AkinovA, By Bits, Nayms

InsuranceERM rounds up the latest partnerships, fundraisings and launches in the insurance technology world

People moves: Ortec Finance; Sicsic Advisory; IAA; Chubb; Lloyd's; Catalina

InsuranceERM rounds up major appointments in the insurance industry

Tryg's biggest operational risk is employee mental health

Chief executive Morten Hübbe says business has been resilient to Covid-19 crisis

Fix annual cohorts, then we'll support IFRS 17 endorsement, say European insurers

Insurance Europe and CFO Forum say other issues do not block endorsement

Ohio judge rules in favour of plaintiff in Zurich BI case

Restaurant wins key ruling against Zurich as more cases likely to be decided in the coming months

German life insurers must wait to judge Covid-19's true impact

Leading actuary warns it's premature to discount Covid's effect

Q4 risks becoming a "kitchen sink" loss situation for re/insurers

Arch and Axis flag major catastrophe and Covid-19 claims

Insurers urged to focus on climate litigation risk

UN's Butch Bacani says insurers should address climate-related risks "holistically"

Gjensidige downplays further Covid-19 operational risk

CEO Helge Leiro Baastad said operations were essentiality back to normal

Adaptation key to tackling flood risk, warns Flood Re chief

Andy Bord said adaptation is as important as mitigating future flood risk

German insurtech DFV grows premiums 26% despite Covid-19

Health insurer plans expansion into life and non-life in 2021

Losses from Australian hailstorm rival Black Summer bushfires

Cat loss modeller Perils puts costs for each at A$1.9bn

IFoA brings disciplinary action against two of its biggest critics

But first case is dismissed by a tribunal panel

Hong Kong insurers face Orsa overload

Own risk and solvency assessments introduced ahead of RBC regime

BI appeal opportunity recedes for Australian insurers

Lawyer says BI insurers' legal arguments in Australia were too narrow

Terrorism insurance's blurred lines

What constitutes a "terrorist" act sparks debate ahead of Biden inauguration

Insurers shouldn't be scapegoated over environment, says Zurich CRO

Peter Giger discusses implications from the World Economic Forum risk report

Swiss IAIGs expected to self-identify this year

Internationally active insurance groups will be subject to enhanced supervision and capital rules

QBE boosts risk margin after UK BI judgement

The outcome left the insurer with less headroom to cover Australian BI claims

Insurers warned of further litigation after UK BI test case resolution

Any delays to payments could see insurers back in court, lawyer warns

Insurtech weekly: Clark, Bold Penguin, Apollo Insurance Solutions, Hiro, Lemonade, Humn

InsuranceERM rounds up the latest fundraisings among global insurtechs

Axis Capital says no to oil and gas in Arctic Refuge

Bermudian re/insurer is third underwriter to reject fossil fuel industry in Alaska

UK insurers face multi-million payouts after losing BI appeal

Courts ruled in favour of Financial Conduct Authority in business interruption test case

Free webinar: Asian CROs discuss regulatory change and market trends

Experts share experiences and best practice at 19 January webinar

Avoid prescriptive supervision of climate change risk, say European insurers

Insurance Europe responds to IAIS's consultation

Just Group "stronger and safer" after de-risking moves

UK life insurer completes a third NNEG hedge and sells equity-release mortgages

UK insurers reflect on reputational risk ahead of BI court case

The Chartered Insurance Institute said SMEs' satisfaction with insurers has dropped


Climate change could radically reshape US insurance losses

Re/insurers in the US could face a 20% increase in hurricane-related property losses because of climate change. But that's just the average. In certain regions, the losses might be several times higher by 2050, as AIR Worldwide's Peter Sousounis explains to Christopher Cundy

Cloud outsourcing comes down to earth

Insurers are being pushed to better manage the operational risks arising from the use of cloud computing. There are some deep challenges involved, but regulations are arriving that might help, as Ronan McCaughey reports

Lawyer says he has "smoking gun" in US business interruption case

John Houghtaling, who is handling $3bn in claims on behalf of small businesses forced to close by Covid-19, believes his case will be a watershed for the US BI saga. Sarfraz Thind reports

Covid-19 vaccinations move the needle on mortality forecasts

With the UK's Covid-19 vaccination programme being rolled out, experts tell Cintia Cheong about its impact on mortality in 2021 and what insurers should consider when projecting mortality trends

"Responsible underwriting will become the norm"

Renaud Guidée, group chief risk officer at Axa, is spearheading the launch of a net-zero underwriting alliance, an industry initiative to tackle climate change through underwriting. He tells Cintia Cheong why it's needed and explains the challenges ahead

CROs pinpoint climate change as key issue for 2021

InsuranceERM's year-end poll of risk management experts found widespread agreement that climate change would be a key risk and opportunity for the insurance sector in 2021. Paul Walsh reports

EU and UK endorsement: the final hurdle

Cintia Cheong charts the endorsement of the IFRS 17 insurance contracts accounting standard in 2020 and explains what happens next

Germany's interest rate reserve gets bigger - and better

German life insurers paid more into the Zinszusatzreserve again in 2020, despite the new "corridor method" of calculation that intended to unburden the sector. Industry leaders tell David Walker the ZZR remains fit for purpose nonetheless

The new risks emerging from remote working

The long-term effects of relocating staff from offices to their homes, due to the Covid-19 pandemic, are beginning to be understood. Risk managers have been satisfied in some respects, but deep concerns about staff wellbeing and the impacts on culture remain. Christopher Cundy reports

The politics of pandemics

Combatting the next pandemic will take a lot more than vaccines, according to Frank Schiller, a board member of Germany's actuarial association. To cover the risk, insurers will need a deft understanding and the ability to work closely with the political world, as Schiller explains to David Walker