CROs discuss - do we even need a risk team?

Ensuring an appropriate risk culture is an important but sometimes hazy activity for a risk team. At InsuranceERM's recent conference, a group of CROs discussed some of the issues and challenges they face in achieving a good risk culture


Direct Line invests £1.3m in fintech firm

UK-based Canopy is targeting the property rental market


Prudential's group CRO appointed as Direct Line's finance chief

Penny James succeeds John Reizenstein to become CFO


UK government proposes higher Ogden rate

Promises relief for insurers and motor insurance buyers


Direct Line releases a third of its Ogden reserves

Impact of discount rate change less serious than previously thought


Solvency II capital benefit from diversification surprises equity analysts

Pure-play firms gain as much multi-line groups


UK industry welcomes action on whiplash claims but urges same for Ogden

Queen's speech sets out plan to tackle rising motor injury claims


The 'winners' and losers from the Ogden rate change

Insurers with lower retention rates increased their motor market share in Q1 as others were forced to raise prices faster. They are, however, likely to be hit harder during their reinsurance renewals, and the profits lost across the entire sector could reach £3.5bn. Callum Tanner reports


Analysts concerned by reliance on TMTP for risk margin relief

L&G would fall to 7% SCR without MA or transitionals, with a third of risk margin retained after transitionals end


The ongoing ordeal of Ogden

The change to UK's damages discount rate came as a huge surprise to many insurers. But this is far from being a one-off shock. Christopher Cundy reports