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News

Praedicat launches Lloyd's-focused liability platform

The liability risk modeller said the platform responds to increased regulatory scrutiny

NAIC accused of inertia on climate change

Insurance regulators criticised for no change to climate survey in latest meeting

Eiopa to disclose supervisor board's voting results

Fausto Parente confirms change following decision from European Ombudsman

Insurers urged to probe clients on climate liability risk

Law firm Clyde & Co highlights the need for insurers to ask searching questions

Staff invited to blow the whistle on Lloyd's ESG policy

Climate activists launch website calling for Lloyd's to stop supporting fossil fuels

Eiopa eyes crackdown on unit-linked market

The authority is launching a consultation addressing the value of unit-linked products

WTW launches physical climate risk modelling tool

Model launch comes after announcements from RMS and Conning

People moves: Axa, Lloyd's, Hiscox

InsuranceERM rounds up the latest risk-related appointments in the insurance industry

BMA creates regulatory team to address climate change risk

Island pushing to become a hub of innovation to solve climate risk threat

German hybrid life products raise risk modelling concerns

Use of GDV model scrutinised by regulator

Extent of Lloyd's syndicates' underwriting losses revealed

Munich Re's syndicate-in-a-box scores 380% first year combined ratio

RenRe Europe CRO: Covid-19 prompts risk team strengthening

Edward Mishambi said the pandemic has put greater expectations on the risk function

VIG stresses need to test IFRS 17 early

Austrian insurer describes the company's dry run process

European and Bermuda insurance investment report launched by Insurance Risk Data

The research provides detailed analysis on general account investing to CIOs and service providers

Lloyd's syndicates reveal cuts and exits to insurance lines

John Neal justifies Decile 10 winnowing after unusual year

Entry deadline for the InsuranceERM Americas Awards 2021 closes today!

The awards feature 27 wide-ranging categories, so hurry and submit your entry

Hungary blocks VIG's Aegon purchase

VIG's chief executive Elisabeth Stadler has expressed surprise at the decision

Apra proposes limiting use of offshore life reinsurance

The Australian watchdog argues offshore reinsurers reduce regulatory visibility

Belgian regulator challenges Lloyd's about Brussels platform

The focus is understood to be if managing agents' activities constitute 'distribution'

Athora escapes material impact from Covid-19

The Bermuda-headquartered consolidator of life businesses is open to more acquisitions

European carve out advocated for IFRS 17 annual cohorts

Spanish and Polish insurers call for changes to annual cohort requirement

Low rates to fuel further insurance divestment, says Resolution Re CEO

European market likely to create opportunities for reinsurers

Lloyd's syndicates reveal Covid-19 losses

Contingency claims top the list, but the pandemic's damage went much further

People moves: NN Group, AIG, Alliant

InsuranceERM rounds up the latest risk-related appointments in the insurance industry

CA Vida picks Moody's Analytics for IFRS 17 implementation

The Portuguese insurer will use RiskIntegrity for IFRS 17, a cloud-based tool from Moody's Analytics

Old Mutual and Sanlam revealed as South African IAIGs

All but one of the 48 IAIGs have now been disclosed

Call for Eiopa nat cat dashboard to emphasise prevention measures

Insurance Europe says Eiopa's proposals require amendments

Operational resilience final rules in UK are "fundamental shift" for insurers

The rules are due to become effective on 31 March 2022

Analysis

Reinsurance could potentially offer IFRS 17 profit mutualisation

Alexandre Tzenev, managing director for financial solutions EMEA at Scor, tells Cintia Cheong how reinsurance can offset the impact of onerous contracts under IFRS 17

UK longevity risk transfer demand could soar to £100bn

LCP says insurers need to be prepared for the volumes of longevity risk business it expects later in this decade. Ronan McCaughey explains why there is such an upbeat outlook for the sector

Governments win in Covid-19 trade credit reinsurance programmes

Governments have profited from the support they offered trade credit insurers during the Covid-19 pandemic. Insurers say they have no regrets, but are looking forward to the end of state aid. David Walker reports

Bermuda begins to move on climate

The regulator's inaugural climate change survey has found the island's insurers could be doing much more to address the issues associated with global warming. But insurers certainly seem interested in making progress, as Sarfraz Thind reports

Conduit Re: starting up in shutdown

Bermuda's fledgling reinsurer, Conduit Re, raised a staggering $1bn in the midst of the pandemic and has readied itself to enter the market this year. Sarfraz Thind speaks to CRO Andrew Smith about how a slick little insurer got off the ground

Country profile: Portugal

Cintia Cheong reveals how Covid-19 has affected the Portuguese insurance sector and the prospects for M&A, as well as examining the potential impacts of Solvency II reform and progress with IFRS 17 implementation

How insurance contracts can help the transition to net-zero

The Chancery Lane Project is launching an initiative to redesign insurance contracts so they can help combat climate change - and you can get involved. Christopher Cundy reports

Mitiga Solutions makes the first volcano cat bond flow

The chief executive and catastrophe modelling lead at the Barcelona-headquartered risk manager tell Ronan McCaughey how the provider is helping to make history - and the importance of supercomputing in risk management

IFRS 17 implementation: you have to question yourself over and over again

Daphné De Leval, vice chair of the Insurance Committee of the Actuarial Association of Europe, tells Cintia Cheong about the challenges of IFRS 17 implementation and how the experience of Solvency II helps

How NFU Mutual built an award-winning risk team

NFU Mutual won risk team of the year in InsuranceERM's UK & Europe 2021 awards. The provider's risk director and chief risk officer Iain Baker shares the mutual insurer's pro-active strategy and steps to success with Ronan McCaughey