Content
News
Allianz faces litigation over travel cover in Australia
Corporate watchdog alleges mis-selling of some policies online
Eiopa extends term of executive director
Fausto Parente will serve for another five years
Blackstone sells stake in Rothesay Life for £2.1bn
Other investors in UK life insurer pick up 36% stake
COMMENT: AI will help insurers reach underserved markets
Leah Walters and Diane Stuto respond to plans by New York regulator Linda Lacewell to address innovation and diversity risks
Efrag consults on IFRS 17 annual cohorts for mutualised contracts
Europe's accounting advisors publish draft endorsement advice
Apra resumes capital penalty plans for income protection providers
Troubled life cover line has lost A$1.4bn since December
How CROs are dealing with Covid-19 operational risks
Highlights from InsuranceERM's Americas 2020 conference
Chaucer uses Phinsys for finance transformation
Insurer will use the full suite of Phinsys's products to replace legacy systems
FCA joins insurers in filing BI test case leapfrog appeals
A number of insurers have filed the precautionary applications
Guy Carpenter hires Aon's catastrophe management head
Paul Miller quits Aon after 25 years
American Financial Group exits Lloyd's with Neon sale
Buyer for an undisclosed sum is RiverStone
US insurers seeking to corral UK support over ICS with new financial alliance
APCIA says the British American Finance Alliance could align the US and UK positions
QBE joins UN Global Compact
The insurer pledges to support the initiative's 10 sustainability principles
FCA releases timetable for business interruption test case appeals
There will be a consequentials hearing in the UK High Court on Friday 2 October
Tokio Marine drops support for coal
Announcement follows Sompo's decision to limit its exposure to coal
LV= confirms takeover talks with several parties
Detailed negotiations are said to be happening with Royal London
Chesnara selects WTW software for IFRS 17 project
Implementation budget also increased
India names insurers "too big to fail"
GIC Re, LIC and New India Assurance face increased oversight from Irdai
Mitigating climate risk needs insurance regulators "to get tough"
Highlights from the InsuranceERM Americas 2020 virtual conference
US and UK finance groups propose "united vision" for regulation
British American Finance Alliance lobbies for involvement in future free trade agreement
Aon launches data translation tool to support open cat modelling
ImpactWorkbench will enable re/insurers to use Oasis-based models and platforms
Singapore regulator working with health insurers on affordability
Regulator's promise comes after Aviva Singapore faced criticism
Next Insurance receives $250m in fourth-stage seed financing
Insurtech backed by Alphabet has now raised $631m, and is valued at more than $2bn
RMS estimates up to $3.5bn insured cost from Sally
Hurricane Sally came with stronger winds than expected, weakened quickly but was slow-moving, says RMS
Insurers have much to do in attracting ethnic talent
Chartered Insurance Institute survey reveals the profession's progress on diversity
CMI proposes "no weight" on 2020 data for next mortality projections
It says coronavirus has caused an exceptional mortality experience this year
"Build resilience" urge Wilson and Richter in paper on Covid-19's lessons
Allianz's Tom Wilson and Ludwig Maximilian University's Andreas Richter collaborate on review of ERM implications of the pandemic
Munich Re issues €1.25bn green bond
Follows publication of green bond framework last week
Operational risk best practice for insurers
Expert insights from the InsuranceERM Americas 2020 conference
All employees are key stakeholders in risk analytics and reporting, says CRO
US experts share experiences of enterprise risk analytics and reporting capabilities
Analysis
Covid-19 claims fall short of forecasts... so far
Cintia Cheong investigates why claims related to the pandemic have failed to live up to forecasts in the early part of this year
Lockdowns and BLM put pressure on the diversity and inclusion agenda
The sixth annual Dive In festival, designed to promote inclusion and diversity in the insurance sector, will take place this week following some of the most dramatic societal developments in recent history. Paul Walsh reports on how the issue has been prioritised in these times
The FSB and effective resolution: why it should matter to you
Insurers can come up with many reasons to put resolution planning at the bottom of their list of priorities. Carlos Montalvo explains why they should not
Linda Lacewell: New York's no-nonsense reformer
Change... it's overdue. The head of the NYDFS, Linda Lacewell, believes there is a transformative energy in the air and it must not be wasted. She speaks to Sarfraz Thind
The cloud is a silver lining amid Covid-19
Covid-19 has put to bed any doubts about the use of cloud technology for risk and capital management. The pandemic will also drive more sophisticated risk modelling, as Ronan McCaughey discusses in his review of key trends in the risk software markets
IFRS 17's neglected questions: the risk adjustment and confidence levels
Andries Beukes discusses with Cintia Cheong the findings of an investigation into how insurers are planning to calculate their IFRS 17 risk adjustment and confidence level
The Future of Insurance: no future for guaranteed products?
Covid-19 has heightened the threat of a low-for-long interest rate environment and is adding to doubts around the future for life insurance products with guarantees, as Paul Walsh reports
Covid-19 and insurance: stirred, not shaken
Isaac Alfon and Shirley Beglinger share the findings of their survey of risk and finance executives on how they coped with the crisis - and how working environments and business practices will change after the pandemic
The Future of Insurance: innovation with a purpose
According to Zurich's head of innovation, Stuart Domingos, the future of insurance should not be driven by technology but by the need to empathise with customers. He talks to Sarfraz Thind
Pandemic protection: what a public/private solution might look like
Swiss Re's Ivo Menzinger has overseen many innovative public/private partnerships to insure risks at a regional and national level. Now he is focusing on pandemic protection programmes, he explains to David Walker