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Insurtech weekly: Zurich; Aegon Life; PolicyMe
InsuranceERM rounds up the latest developments in the fast-moving world of insurtech
Insurers report declining solvency ratios following Covid-19 hit
Aegon, Zurich and L&G say declines remain manageable for now
Coronavirus-induced volatility will erode insurers' profitability and solvency
Moody's sets out the key risks for European insurers in next 12-18 months
Aegon second half earnings hit by challenging US conditions
Net income down 5% from previous year as Transamerica struggles on low rates
Scor's Frieder Knüpling to chair CRO Forum in 2020
Allianz's Tom Wilson to take over as vice-chair
Aegon's longevity reinsurance deal frees up capital
The deal is expected to benefit Aegon's Dutch Solvency II ratio by 10-12pp
CROs must move from "judging to nudging"
Allegra van Hovell-Patrizi said chief risk officers will need to take a more proactive role
Australia's CommInsure receives cut fine for cold-call guilty plea
Figures released on same day show Australian life after-tax profits to September fell 88%
Long-term care insurance warning for US market
A recent report on GE Capital's long-term care insurance (LTCI) exposure has triggered market concerns, with Fitch Ratings arguing LTCI products are among the riskiest marketed by US life insurers. Sarfraz Thind explains
Credit spread movement hits Aegon's Dutch Solvency II ratio
Ratio drops from 190% to 152% year-on-year