18 November 2024

Consumer Duty has become a burden for insurers... but in a good way

Analysis

20 November 2024

A comprehensive approach to fighting climate change

With the COP29 meeting in progress, Nicolas Jeanmart describes a role for insurers in a united effort to tackle climate change
14 November 2024

A historical perspective on the challenges in America's insurance markets

Katherine Hempstead has written a book that unpacks the evolution of insurance in the US. She explains to Joshua Geer the role played by state and federal regulation, and how the market has been shaped by decisions taken centuries ago
12 November 2024

Eiopa's paper is a significant step forward for mass lapse reinsurance across Europe

Last week's consultation paper from the EU's insurance authority will help drive the industry in the right direction, argues Luca Tres
07 November 2024

New EU financial services commissioner sets tone for insurance regulation

Maria Luís Albuquerque has outlined her regulatory priorities and established her vision for stability, streamlined compliance and consumer-focused innovation. Joshua Geer reports
06 November 2024

EU consumers need easy access to investment and protection

Giancarlo Bosser urges European lawmakers involved in the Retail Investment Strategy to develop a more consumer-centric approach to the process of buying insurance-based products
04 November 2024

Insurers on high alert for strikes, riots and civil commotion risks

As losses from strikes, riots, and civil commotion surge, insurers are grappling with these escalating threats and how best to manage them. Joshua Geer reports

News

  • GIRO 2024: Industry collaboration is vital for Solvency UK to work, says BoE

    20 November 2024

  • GIRO 2024: Actuaries debate if AI will make reserving obsolete

    20 November 2024

  • Cyber fraud bypassing traditional security tools

    20 November 2024

  • Life insurance market to surge globally, says Swiss Re report

    20 November 2024

  • Apra's reinsurance suggestions support non-life credit profiles in Australia, Fitch says

    20 November 2024

  • Overseas business and investments boost Sompo's H1 earnings

    20 November 2024

  • GIRO 2024: Actuaries can offer important skills for climate reporting

    19 November 2024

  • GIRO 2024: Climate litigation forecast to rise under Trump

    19 November 2024

  • GRC vendor Decision Focus snaps up Danish consultancy LinkGRC

    19 November 2024

  • India plans removing FDI cap for insurance sector

    19 November 2024

  • Finalisation of Solvency UK marks "significant milestone" for insurance sector

    18 November 2024

  • IAIS consults on AI supervision and risks for insurers

    18 November 2024

  • Re/insurers reveal financial impacts from hurricanes Milton and Helene - UPDATED

    18 November 2024

  • Hawaii climate litigation case raises coverage risks for insurers

    18 November 2024

  • CDI submits final wildfire cat modelling rule for approval

    18 November 2024

  • Video: TIAA's Wen-Fu Wu on innovations in portfolio management

    18 November 2024

  • Eiopa urges Commission to shield small insurers from Solvency II and Dora overlap

    15 November 2024

  • UK's financial watchdogs must "regulate for growth", says government

    15 November 2024

  • Brookfield enters into first funded re transaction in UK

    15 November 2024

  • Video: Zurich's Thomas Liebi on the economy and global markets outlook

    15 November 2024

  • IAIS declares AM provides "basis" for ICS comparability, work still to be done

    14 November 2024

  • Video: Legal & General Retirement America's Carl Groth talks geopolitics

    14 November 2024

  • Aviva meets three-year BPA target with £17.7bn of volumes

    14 November 2024

  • Scor and Swiss Re heap praise on "game-changing" upgrades to generative AI

    14 November 2024

  • Singapore's lawmakers face fresh fire over blocked Income Insurance deal with Allianz

    14 November 2024

  • Everest's primary insurer debuts Australian operations

    14 November 2024

  • Trump election will see deregulation in Washington but FIO to remain

    14 November 2024

  • UN's FIT launches transition plan report

    14 November 2024

Roundtables

06 November 2024

Risk and capital modellers share lessons from the LDI crisis, the shift to private assets and board interactions

In part two of this InsuranceERM and SS&C Algorithmics roundtable, chief risk officers and risk experts discuss how the liability-driven investment (LDI) crisis and moves to invest in private assets are influencing their approach to risk and capital modelling - and what the board has to say about scenario testing

Market Insight

CRO in focus: Rob Anarfi

Antony Williams, UK managing director at Arthur, talks to Rob Anarfi, chief risk officer (CRO) at Beazley about leadership, managing the risk function and the cultural changes that need to happen in the London insurance market

Awards

InsuranceERM's Annual Awards 2025 - UK & Europe

The awards formally recognise Europe's very best in insurance risk management, actuarial and risk modelling practices, as well as the leading service providers. Deadline: 13th December 2024
Most Read
  1. Eiopa's paper is a significant step forward for mass lapse reinsurance across Europe
  2. Finalisation of Solvency UK marks "significant milestone" for insurance sector
  3. Brookfield enters into first funded re transaction in UK
  4. Consumer Duty has become a burden for insurers... but in a good way
  5. Eiopa urges Commission to shield small insurers from Solvency II and Dora overlap
  6. IAIS consults on AI supervision and risks for insurers
  7. Hawaii climate litigation case raises coverage risks for insurers
  8. Re/insurers reveal financial impacts from hurricanes Milton and Helene - UPDATED
  9. GIRO 2024: Climate litigation forecast to rise under Trump
  10. India plans removing FDI cap for insurance sector

News in Brief

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Asset-Intensive Reinsurance

08 October 2024

The future for funded reinsurance remains bright

Funded reinsurance has been the subject of increased regulatory scrutiny in the UK and US over the last 18 months, but experts believe it will remain part of insurers' risk and capital management toolkit. Ronan McCaughey writes
29 August 2024

The heat is on for US asset-intensive reinsurance regulations

At its summer meeting, the NAIC put forward proposals for tightening up the supervision of life reinsurance transactions. It could either spoil or secure what is now a very lucrative market. Sarfraz Thind reports
09 April 2024

Asset-intensive reinsurance intensively assessed

The NAIC is drawing up proposals to tackle asset-intensive reinsurance as regulators worry about the vast volumes of risk being ceded outside the US. Sarfraz Thind reports

  • RGA's Ruby Re reaches $480m of funding to play in asset-intensive space

  • Brookfield enters into first funded re transaction in UK

  • Dutch rules to add additional layer of scrutiny to asset intensive deals

  • Life insurers profiting from streamlining through asset-intensive reinsurance

  • BIS becomes latest to warn on PE-insurer and asset intensive reinsurance risks

InsuranceERM Global Climate Risk and Sustainability Awards 2024

InsuranceERM's Global Climate Risk & Sustainability Awards 2024

InsuranceERM's Climate Risk & Sustainability Awards formally recognise those individuals, teams and companies that surpass client expectations and are the leaders in climate risk management. The winners have been announced.

Solutions for climate risk management

Milliman's president and chief executive, Dermot Corry, explains how the actuarial consulting and risk management services provider is supporting insurers to develop comprehensive climate risk resilience strategies with its expertise and innovative tools.

Climate risk transfer deal of the year: Descartes Underwriting

Solar photovoltaics (PV) is a vital technology in the transition away from fossil fuel energy. Globally, approximately 1 terawatt (TW) of solar PV capacity had been installed by 2022 and this is set to rise to 2 TW this year, according to Solar Power Europe,...

Events & Webinars

2 December 2024, 9:00 AM GMT

Insurance Risk & Capital EMEA 2024

The original CROs hub for the insurance industry
30 October 2024, Bermuda

Insurance Risk & Capital Bermuda 2024

The leading event for CEOs, CROs, CIOs and Chief Actuaries at re/insurers with an interest in Bermuda
On-demand

The evolution of global pension risk transfer markets

Join InsuranceERM and Legal & General Retirement America for this webinar to discuss discuss the evolving conditions in the US, UK, Canada and Netherlands PRT markets.

Analysis

More analysis
20 November 2024

A comprehensive approach to fighting climate change

With the COP29 meeting in progress, Nicolas Jeanmart describes a role for insurers in a united effort to tackle climate change
18 November 2024

Consumer Duty has become a burden for insurers... but in a good way

The Consumer Duty rules have reshaped the UK's conduct regulation by demanding insurers place customers' needs first. While still seen as a burden, it has been is welcomed as a step towards better outcomes for all. Joshua Geer reports
14 November 2024

A historical perspective on the challenges in America's insurance markets

Katherine Hempstead has written a book that unpacks the evolution of insurance in the US. She explains to Joshua Geer the role played by state and federal regulation, and how the market has been shaped by decisions taken centuries ago
12 November 2024

Eiopa's paper is a significant step forward for mass lapse reinsurance across Europe

Last week's consultation paper from the EU's insurance authority will help drive the industry in the right direction, argues Luca Tres

People

  • Video: TIAA's Wen-Fu Wu on innovations in portfolio management

  • Video: Zurich's Thomas Liebi on the economy and global markets outlook

  • Video: Legal & General Retirement America's Carl Groth talks geopolitics

  • Cayman deputy-Premier resignation unlikely to disrupt local insurance market

Software/IT

  • GIRO 2024: Actuaries debate if AI will make reserving obsolete

  • IAIS consults on AI supervision and risks for insurers

  • AI/ML adoption rising among insurers for storm risk assessments

  • Asia-Pacific insurance market primed for tech-driven growth

Risk

  • GIRO 2024: Industry collaboration is vital for Solvency UK to work, says BoE

  • GIRO 2024: Actuaries debate if AI will make reserving obsolete

  • Cyber fraud bypassing traditional security tools

  • A comprehensive approach to fighting climate change