Six ingredients needed for an effective consumer risk metric

How should insurers communicate the risks and benefits of their products to potential retail customers? A recent paper from the UK Institute and Faculty of Actuaries investigated this question and came up with some surprising results. Christopher Cundy explains


FCA's 2019/20 priorities: Brexit, governance and data ethics

The UK regulator has revealed its key areas of focus for this year and next


Hong Kong leaves self-regulatory insurance regime behind

The Insurance Authority is making progress on a new regulatory and licensing regime


Getting IFRS 17 ready for lift off

Despite the recent efforts by the IASB in proposing several changes to ease the implementation of IFRS 17, the new accounting standard for insurance contracts, some in the industry believe more needs to be done. Cintia Cheong rounds up the latest developments on IFRS 17 and the outstanding issues until its launch


UK's PRA publishes clear expectations for insurers on climate risk

The PRA expects insurers to understand the financial risks from climate change


Australia's Freedom Insurance to sell its policy administration unit

The insurer was criticised by the Royal Commission


European insurers' underwriting risk increased in Q4 2018

Risk exposures for European insurance sector remain stable overall, says Eiopa


French regulator highlights insurers' climate risk weaknesses

The ACPR wants “true, forward-looking analysis”, among various improvements


Eiopa presses supervisors to be proportional in capital assessments

“Potential divergencies” raised in how supervisors treat immaterial SCR


European insurers list GDPR problems

Insurance Europe has revealed the key GDPR challenges insurers continue to face