Climate change could cause UK flood losses to rise by 30%

JBA Risk Management makes projection using new model


Dutch court orders Ageas to repay $1.5bn over Fortis collapse

The verdict marks the largest ever settlement issued in European securities


UK car insurance premiums at their lowest price since 2014

Expected increase to Ogden rates helps insurers cut prices


UK Defence Club picks Cyprus as EU base post-Brexit

UK insurers expanding to Continent wrote £4bn in EU ex-UK in 2017


PRA sets out MA concerns and future projects

Letter to chief actuaries says also discusses internal models, stress testing and fundamental spread


Cat modelling firms facing renewed pressure on loss estimates

JLT Re urges cat modellers to strengthen authority over post-event loss forecasts


IFRS 17 is complex but necessary – A.M. Best

The new accounting standard will increase volatility in insurers’ results


High-res flood data is cat modelling's third disruptive wave - Muir-Wood

After the ‘Class of 93’ and the cat bond revolution, the ability to calculate building-level flood risk costs is causing a re-evaluation of flood insurance


Insurers a distant second to banks in smart automation

CapGemini survey calculates $269bn revenue win for wide implementation


UK asks EU for different third-party equivalence regime after Brexit

British government proposes an “enhanced” version due to markets’ interconnectedness


UK regulator warns of insurance data pitfalls

FCA chief Charles Randell spoke of how big data could negatively impact the insurance industry


European Commission: Brexit is not a threat to cross-border contracts

Valdis Dombrovskis refutes Banks of England’s concerns about continuity of service after Brexit


Cat losses well below average in H1 2018: Munich Re

But insured losses were in close to the 30-year average following winter storms in North America and Europe


Lloyd’s launches online distribution platform

Lloyd’s Bridge will connect insurers with underwriters


Japanese earthquake hits insurers for $125m

The quake struck the Osaka prefecture on 18 June


Insurers' vision for ERM remains far off

But use of risk appetite is now widespread, says WTW


US cyber premiums rise 37% in 2017

Cyber insurance remained a profitable line of business, says Aon


Australian income protection providers warned of extinction

Watchdog warns of more capital requirements if action inadequate


Eiopa seeks empirical evidence on the use of big data

The supervisor explores benefits, risks and possible regulatory interventions


Acord unveils cyber risk data breach standard

Insurers Aon and Beazley supported Acord’s project to improve cyber risk data sharing in the insurance industry