Why the insurance industry needs a new risk governance model

The traditional 'three lines of defence' model for risk governance needs improvement to deal with a fast-changing and technologically advanced economy, argues Henry Essert in part one of this two-part analysis


MetLife and Lloyd's CFOs step down

John Hele retires, John Parry seeks new challenges


Valuation standard shifts in European life run-off market

Solvency II own funds eclipses embedded value as pricing yardstick, PwC says


UK insurance sectors in opposite moods about prospects

Life is good, but only for life players, CBI survey finds


AIG picks PwC insurance regulation chief for government affairs role

Ed Barron joins AIG after a 16 year spell at PwC


'Buoyant' global non-life run-off market exceeds $700bn, finds PwC

Regulatory drives and a desire for finality have led to growth


IFRS 17 throws down technology challenge to insurers

There is no single technology vendor offering a solution to the recently announced accounting standard, IFRS 17, and several parts will have to be custom built, according to PwC's Richard Hart. He caught up with Christopher Cundy to talk about about the opportunities these challenges present and the strategies the industry is taking


UK small businesses more "savvy" with digital insurance

PwC research revealed UK small businesses are more willing to engage online.


Justice Committee's Ogden advice raises fear of further delay

MPs have told the government it must face the "real world" when implementing the new personal injury discount rate. But its recommendations may cause more delay to the process, and pain for insurers as the industry tussles with making appropriate assumptions. Paul Walsh reports


Lloyd's calls on insurers to address climate change

Impacts of climate change "absolutely not in dispute" says Lloyd's COO