Insurtech weekly: Tractable, Root, Flock, Akur8

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

Rising interest rates hit South Korean insurers' capital ratios

The sector was also affected by higher capital requirements

InsuranceERM Americas Awards 2021: Winners in full

The 20 awards recognise the very best in insurance risk management serving the Americas

Scor drops support for Trans Mountain pipeline

Climate campaigners are also planning protests and demonstrations about the issue in 25 cities

Lloyd's secures £650m reinsurance for central fund

The corporation said the cover would bring significant capital benefits

Eiopa lays out AI ethics for insurers

The principles are non-binding and aim to promote fairness and transparency

Frank Grund seeks "balanced outcome" from Solvency II 2032

Solvency coverage is inadequate at 14 German insurers without transitionals, Insurance Risk Data finds

Supervisors launch survey on nature-related risks for insurers

Insurers and stakeholders have until 30 June to take part in the SIF-led project

Australian insurers count the cost of Victoria catastrophe

Both IAG and Suncorp said they had exceeded peril allowances

PRA's Solvency II impact study to begin with MA survey

UK regulator to focus on MA, risk margin, TMTP and reporting this year

Storms threaten US P&C sector's positive underwriting trend

Market held up well in 2020 despite significant cat losses

Phoenix calls off European business sale

The UK life insurer said the sale would not have "maximised shareholder value"

Global insured catastrophe losses running 17% above average in 2021

Jefferies said the losses were a marked improvement on its previous report

Travel insurers improve results as Covid-19 cuts claims

But industry foresees insolvencies coming as restrictions remain

Get your software listed in InsuranceERM's 2021-22 Technology Guide

A basic listing is free of charge. The deadline for entries is Friday 6 August

Covéa and Scor sign peace deal - UPDATED

French re/insurers halt legal actions as part of settlement

Insurance Council of Australia declares catastrophe over Victoria floods

The ICA said insurers have received over 6,500 claims so far

Insurtech weekly: Element, Odie, Spruce, Embroker, Branch

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

UK risk management network launches Risk Officer Sustainability Forum

CRO roles in sustainability requires further evolution and development

People moves: Pacific Life Re, ERS, Chubb

InsuranceERM rounds up the latest risk-related people moves in the insurance industry

Canada to consider US aggregation method for ICS

Osfi updates on progress with capital requirements for insurers

Hong Kong digital insurer picks Moody's Analytics for IFRS 17 transformation

Moody's Analytics has regional expertise and scalable technology, says Blue CEO

Reinsurers call for greater focus on secondary peril modelling

Experts warn secondary perils have intensified

Signal Iduna brands German health insurance plans "a poison pill"

Political parties will push for uniform system in next elections

Prioritise low interest rates and climate change, IMF tells Hong Kong

Insurers' stock prices more affected by climate change than other sectors

Gibraltar's regulator reshuffles prudential team

Monika Sookhee will become head of insurance at the GFSC

California and Washington push for TCFD climate reporting for US

Insurance associations remain lukewarm on "resource intensive" standard

Ascot pulls support for Adani's Australian coal mine

Insurer joins five Lloyd's syndicates and 38 other underwriters in shunning Carmichael project


The beacon for CCR's risk management

Jérôme Isenbart, group chief risk officer for France's public reinsurer Caisse Centrale de Réassurance, explains to Ronan McCaughey the organisation's approach to risk management and lessons to be learnt from the Covid-19 pandemic

Sustainable underwriting is more arduous than sustainable investment

Axa, Zurich and Aviva discussed their journeys to carbon neutrality at the IDF Summit this week, and how they will meet their commitments to net-zero underwriting. Cintia Cheong reports

"LDTI will drive income volatility"

Cintia Cheong talks to experts about why reforms to US insurance accounting standards will cause income volatility and whether adopting the standard early can bring any benefits

The alternative in life

Luca Tres has been a pioneer in the development of the life ILS markets. As he begins a new role at Guy Carpenter, he talks to Christopher Cundy about the past and future at the intersection of re/insurance and capital markets

No room for complacency in 2021 Atlantic hurricane season

Forecasters have predicted another "above-normal" hurricane season, although not as bad as 2020. But as the season gets underway, insurers and catastrophe modellers have stressed there is no place for complacency. Paul Walsh reports

Covid-19 and technology challenge the three lines model

The "three lines of defence" model has pervaded insurers' approach to risk management, but how is it standing up to a rapidly changing environment? Cintia Cheong talks to the authors of a major CRO Forum report, and other experts, to find out

Country profile: Spain

Paul Walsh talks to Spain's insurers about their priorities for reforming Solvency II's matching and volatility adjustment, the impact of low interest rates and Covid-19, and how technology is changing the market

UK use of matching adjustment keeps growing

Christopher Cundy delves into the 2020 solvency reports to find insurers have enjoyed an increase in their capital benefit by more than 10% on the previous year

How much is IFRS 17 costing the insurance industry?

Insurers are 19 months away from having to implement the new contract accounting standard and it is already costing them more than anticipated. Cintia Cheong finds out why