Content

News

UK regulator hints at additional MA reforms

A broadening of asset and liability eligibility is under consideration

People moves: Hiscox, Pool Re, IGI, Federal Reserve Board

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

FCA has not done enough to tackle LV= demutualisation, MPs told

UK's mutual insurance sector a victim of "benign neglect", says AFM's Martin Shaw

Moody's Analytics launches ALM offering

RiskIntegrity Investment Insight combines group's data and modelling capabilities

Confidence restored in Part VII transfer market after court ruling

But others brand the PAC-Rothesay judgement "a travesty"

Investor expresses concern over lack of insurer climate disclosure

Zero visibility on fossil fuel underwriting, says Green Century

Fema defends Risk Rating 2.0 flood model from criticism

But new model does not look to future climate change predictions

CROs discuss the unexpected Covid legacies

Panellists at Insurance Risk & Capital EMEA conference will discuss pandemic lessons and risks

CMI places no weight on 2020-2021 data for next mortality projections

2021 still likely to be an outlier, says CMI

Environmentalists target Convex with satirical recruitment video

Insurer has not ruled out support for Adani's Carmichael coal project

Covid-19 effects should disappear in 2022, says Gjensidige chief

Norwegian insurer sets four-year performance goals

UK court sanctions Prudential-Rothesay annuity transfer

Green light for Part VII transfer of £11bn of liabilities

The risk function's role in preparing for a cyber-attack

InsuranceERM's virtual conference next week will feature the steps insurers are taking

CyberCube partners with Corvus Insurance

Boston-based MGA will use CyberCube's Portfolio Manager tool

CROs explain how to boost diversity

InsuranceERM's virtual conference next week will discuss best practice on diversity and inclusion

Net-zero data may be imperfect, but time is tight

Panellists Insurance Risk & Capital EMEA conference will discuss ESG data and analytics

Insurance set for key urban risk mitigation role

Research from the Geneva Association says the sector must overcome specific issues

Use of Solvency II capital add-ons fell in 2020

Eiopa report is based on data from solo and group insurers from 30 EEA countries

Risk transfer platform secures $15m to fund expansion

Israel-headquartered Vesttoo uses AI in risk-transfer process

Insurtech weekly: Steadily, Swiss Re, Kettle, Tokio Marine, Nexar

InsuranceERM rounds up the latest fundraisings and partnerships from the world of insurtech

LV says it is sub-scale with weak capital structure

Management justifies demutualisation and acquisition by Bain Capital

Insurers late in sharing IFRS 17 performance outlook

EY survey reveals sector lacks consensus on measuring ROE

German insurers quadruple sales of flood and rain insurance

GDV has proposed various measures to protect more properties after Bernd

UK's IFRS 17 endorsement reopens inherited estates debate

Ex-MEP Sharon Bowles says accounting standard should not be approved

Call for clarity on Eiopa's contract boundary proposals

Insurance Europe says some of the changes could lead to confusion

COP26 boosts insurers' climate efforts, despite insufficient pledges

Swiss Re's Jérôme Haegeli said insurers are at the "centre of the race"

UK should stick with IASB's version of IFRS 17, says Aviva's Clube

Any country-specific issues should be addressed by international board

InsuranceERM UK & Europe 2022 awards - entries are open!

The deadline for award entries is Friday 10 December

Aflac discloses up to $20bn earnings hit from LDTI

No change to ratings from announcement, says S&P

Insurance Risk & Capital Emea: Vitality CRO's insights on Covid legacy

Kirsty Leece will speak at InsuranceERM's virtual Emea conference in December

Analysis

Riding the inflation wave

Inflation has been rising throughout 2021 driven by the economic recovery from the Covid-19 pandemic, surging energy prices and global supply chain disruption. Ronan McCaughey asks how insurers are dealing with the risk

German actuaries review the Review of Solvency II

Dissecting documents with a fine-tooth comb is natural for actuaries. After applying one to the European Commission's proposals for Solvency II reform, German Association of Actuaries board member Frank Schiller spoke to David Walker

Future pandemic risk pools will be shallow, not deep

The concept of an all-encompassing government-backed risk pool to deal with the threat of future pandemics is all but dead. However, public support remains available for smaller schemes, as Paul Walsh reports

Eiopa's Petra Hielkema: stress tests and Orsas are good for climate risk management

The chair of the EU's insurance authority talks to Christopher Cundy about the supervision of sustainability issues and explains why the own risk and solvency assessment (Orsa) and stress testing are the most important tools, right now

Climate change's threat to longevity

The relationship between the environment and human health is a growing topic for life insurers. Longevity modelling experts expect there will be some important and unexpected trends to consider, as Cintia Cheong reports

L&G's Simon Gadd: piloting a pathway

Simon Gadd was appointed as Legal & General's first group climate change director earlier this year. He talks to Christopher Cundy about how he is helping steer the UK life insurer and asset manager towards its net-zero goal

FSOC climate report: more talk than action

US Federal authorities released their much-awaited report on climate risk in the finance industry. Though comprehensive on current practices, the report treads lightly in its recommendations for what should be done. Sarfraz Thind explains

UK's Solvency II study spooks the market

Annuity writers have been shocked by the results of the UK's quantitative impact study on potential reforms to Solvency II and are preparing for a clash with the regulator, as Christopher Cundy reports

COP26: a springboard for action, says the IAIS

Jonathan Dixon, secretary general of the International Association of Insurance Supervisors, discusses with Sarfraz Thind the hopes for COP26 and how insurers may benefit from the global climate conference

How insurers can regain climate leadership

Everyone needs to go beyond their comfort zones if the Paris Agreement goals are to be met. Peter Bosshard has four suggestions for insurers