News

54531

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

JBA Risk Management makes projection using new model

54521

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

The verdict marks the largest ever settlement issued in European securities

54511

UK car insurance premiums at their lowest price since 2014

Expected increase to Ogden rates helps insurers cut prices

54501

UK Defence Club picks Cyprus as EU base post-Brexit

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

54491

PRA sets out MA concerns and future projects

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

54481

Cat modelling firms facing renewed pressure on loss estimates

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

54471

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

The new accounting standard will increase volatility in insurers’ results

54461

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

54451

Insurers a distant second to banks in smart automation

CapGemini survey calculates $269bn revenue win for wide implementation

54441

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

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

54421

UK regulator warns of insurance data pitfalls

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

54411

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

54401

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

54391

Lloyd’s launches online distribution platform

Lloyd’s Bridge will connect insurers with underwriters

54381

Japanese earthquake hits insurers for $125m

The quake struck the Osaka prefecture on 18 June

54371

Insurers' vision for ERM remains far off

But use of risk appetite is now widespread, says WTW

54361

US cyber premiums rise 37% in 2017

Cyber insurance remained a profitable line of business, says Aon

54341

Australian income protection providers warned of extinction

Watchdog warns of more capital requirements if action inadequate

54331

Eiopa seeks empirical evidence on the use of big data

The supervisor explores benefits, risks and possible regulatory interventions

54321

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