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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