Insurtech weekly: Scor, PZU, Alan, Caura, Hippo, Mitsui Sumitomo, Metromile, Yuzzu, Turtlemint, Ki

InsuranceERM rounds up the latest developments in the fast-moving world of insurtech

Large and small insurers reveal IFRS 17 approaches

InsuranceERM and Insurance Asset Risk to host Asia-Pacific webinar series

Apra plans cyber audits for Australia's insurers

Regulator concerned that boards are not informed about cyber risk

Over half of US insurers lack climate change policy

Survey shows consistent gaps in climate change work by US insurance industry

InsuranceERM UK & Europe 2021 awards open for entries!

Deadline for submissions is Friday 11 December

Aviva reveals dividend and capital policy for a slimmed-down business

Changes in French life Solvency II model cut two points from group adequacy ratio

Eiopa to clarify recovery planning as more solvency breaches expected

EU authority consults on harmonised approach to supervisory ladder

Losses keep mounting in Australian disability income insurance

Troubled line needs "stricter underwriting," says S&P Global

UK's Solvency II reforms could be phased in

Vicky Saporta says timing for changes remains uncertain

Ten steps on how to win an InsuranceERM Award

Deadline for entries is Friday 11 December

Denis Kessler reveals Scor will split chair and CEO roles

He insisted the separation is not because of regulatory pressure

News in brief: people moves at QIC, Deloitte, LCP, Kovrr

A round up of appointments in enterprise risk management, actuarial and financial roles

Australia begins major review of Lagic capital standard

Capital and reporting standards need alignment before Australia's IFRS 17 takes effect

Link ESG performance and executive pay, says Legal & General CEO

Nigel Wilson also commented on Solvency II reform

Climate activists target AIA over coal investments

Life insurer reportedly invests $3bn-$6bn in coal

German insurance chief hits out at blanket ban on dividends

The GDV's Jörg Asmussen also enthused about the idea of a European pandemic risk pool

Female representation still lagging in US insurance industry

Women account for less than quarter of executives at largest US insurers

Phoenix "assessing options" for European business

Sale of German, Irish and Austrian operations could yield €650m, report suggests

IFoA sticks with full AAE membership, at reduced fee

Agreement on mutual recognition of actuarial qualifications to expire at year-end

Eiopa relaunches search for new chair

Board scraps shortlist of candidates to replace Gabriel Bernardino

Hannover Re rolling out mental health solution for US

Work with Neurotrack aimed at battling cognitive disease in the elderly

No end in sight for Australian pandemic BI lawsuits

Lawyer John Berrill expects issues in UK test case to play out in Australia

Allstate issues first bond managed solely by minority and female-owned companies

Issue comes after push to improve diversity in insurance market this year

Transition risk to low-carbon economy poses pricing challenge for insurers

Zurich already applies carbon intensity of GDP figures in commercial portfolio

Aviva to offload stake in Aviva Vita to JV partner

Sale continues Amanda Blanc's M&A plans

Insurtech weekly: Generali, Hover, Bdeo, Flyreel

A roundup of the latest insurance technology fundraisings and partnerships

COMMENT: Never say never again

Ronan McCaughey reflects on 2020 and what action points insurers can take from the year

Hurricane Iota devastates Central America

Deaths have been recorded in Nicaragua, Honduras, Colombia, Guatemala, Panama and El Salvador

IAG announces A$1.6bn in reserving and equity placements as BI judgement bites

Australian insurer assessed its potential BI exposure as at 30 October

Supreme Court's judgement in UK BI case could take weeks

Supreme Court's judgement in UK BI case could take weeks


What digital transformation means for CROs

Some chief risk officers are keen to embrace the opportunities offered by digital transformation, while others see it as a distraction. But all view digitalisation as an unavoidable trend that brings new risks with it, as Ronan McCaughey explains

EU supervisors comment on Eiopa's plans for Solvency II reform

French, German and Italian supervisors are supporting some of Eiopa's proposals to amend Solvency II, while the European Commission has admitted it needs to do more to encourage long-term business. Cintia Cheong reports

Pandemic shifts the focus for consultants to the insurance sector

Insurance consultancies say the Covid-19 pandemic has not been a doomsday scenario for their business, but it has resulted in some notable changes to the tasks they are being asked to help with. Paul Walsh reports.

IFRS 17 confidence level disclosure: ultimate run-off vs one year

Cintia Cheong explores why insurers face a tricky choice between the two different time horizons for the confidence level disclosure of the IFRS 17 risk adjustment

PRT expansion to drive L&G's dividend growth plan

Christopher Cundy reports from Legal & General's (L&G) investor day, where the insurer revealed new targets for its dividend, bulk annuity underwriting and investments

US Elections: a divided government is good for insurers

Joe Biden's win comes after an extended period of uncertainty and division that has clouded US politics. However, division is not the worst enemy of the US insurance industry, but "populist" reforms promised by the Democratic party may well be. Sarfraz Thind reports

WTW's Rowan Douglas: riding the wave of climate risk awareness

The head of Willis Towers Watson's Climate and Resilience Hub has been on a major hiring spree. He talks to Cintia Cheong about how interest in climate risk has surged and why insurers are demanding advice and analytical tools

The man mixing Hollywood, insurance and the environment

Terry Tamminen has devoted himself to campaigning for the environment and says insurers have helped. With his star-studded contacts book, he has catalysed huge progress. But there is still so much left to do, he tells Sarfraz Thind

Eiopa in 2021: more staff, more responsibilities

Europe's insurance authority is hiring nearly 35 more staff as its responsibilities grow. Executive director Fausto Parente explains what they will be doing, in conversation with Christopher Cundy

ERM plays catchup on digital transformation

Digital transformation has long been heralded as a game changer for the insurance business. However, its impact has mostly been confined to insurers' front-end processes - with risk and capital functions proving more challenging to digitalise. Ronan McCaughey explains