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News
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 review...in 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
Aviva unit reprimanded by Singapore's regulator over alleged risk breaches
Prudential and AIA also faced censure from MAS
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
Allegra van Hövell-Patrizi becomes CEO of Aegon Netherlands
She replaces Maarten Edixhoven
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
Analysis
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