12 November 2024

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

Analysis

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
31 October 2024

IFRS 18 accounting standard to reshape financial performance reporting

New rules set to take effect in 2027, but won't be as disruptive for insurers as IFRS 17. Christopher Cundy and Ronan McCaughey report
28 October 2024

A frontline perspective: the impact of war on Ukraine's insurance market

Denis Yastreb explains how the Ukrainian insurance sector has responded in the face of Russia's invasion and continuing occupation
25 October 2024

AI's potential to improve customer outcomes

Artificial intelligence could be a powerful tool to help insurers serve customers better, but it needs better regulation and governance. Martin Assmann reports

News

  • UN's FIT launches transition plan report

    14 November 2024

  • IAIS list of IAIGs reaches 59

    13 November 2024

  • European supervisory authorities' climate risk analysis covers insurers

    13 November 2024

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

    13 November 2024

  • Climate and Sustainability roundup: Eiopa turns up the heat, Spanish flood crisis and COP action

    13 November 2024

  • Utmost completes first UK bulk annuity buy-in deal

    13 November 2024

  • Nine-out-of-10 Australian non-life firms expect climate change to hit underwriting

    13 November 2024

  • Re/insurers must attract "massive" capital inflows to cover cyber risks, warns Munich Re

    13 November 2024

  • Do not avoid tough natcat discussions with governments, Munich Re and Lloyd's urge re/insurers

    13 November 2024

  • Italy's life lapses have now peaked, says Moody's

    12 November 2024

  • Swiss Re "thinks like a software company", proclaims CEO Andreas Berger

    12 November 2024

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

    12 November 2024

  • Flood defences are up to 10 times cheaper than rebuilding, says Swiss Re

    11 November 2024

  • California legal ruling could cost state's life insurers $22.4bn

    11 November 2024

  • Eiopa opens consultation on mass-lapse reinsurance

    11 November 2024

  • Social inflation and PFAS risk named as key threats for US casualty market

    11 November 2024

  • Spain's crop insurers add to claims staff, and make donations, to help flood-hit farmers

    11 November 2024

  • Convex CEO calls for carriers to increase value as brokers gain ground

    08 November 2024

  • Eiopa chair reveals divisions on extra capital requirements for insurers' fossil fuel assets

    08 November 2024

  • FWU claims to restore minimum capital, but regulator remains concerned

    08 November 2024

  • Lloyd's of London and ABI launch guide on defining major cyber events

    07 November 2024

  • Eiopa recommends additional capital requirements for insurers' fossil fuel assets

    07 November 2024

  • Trump election unlikely to impact federal insurance regulation

    07 November 2024

  • Trump presidency: insurers brace for volatility and geopolitical risk

    06 November 2024

  • Insurers demonstrated "significant evolution" in nature risk approaches at COP16

    06 November 2024

  • Rothesay writes £11bn bulk annuity for NatWest across multiple deals

    06 November 2024

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

    06 November 2024

  • European Council signs off Solvency II reforms and introduction of IRRD

    05 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. Eiopa opens consultation on mass-lapse reinsurance
  3. Swiss Re "thinks like a software company", proclaims CEO Andreas Berger
  4. Eiopa chair reveals divisions on extra capital requirements for insurers' fossil fuel assets
  5. Ex-CRO William Diffey joins BDO UK in director role
  6. Risk and capital modellers share lessons from the LDI crisis, the shift to private assets and board interactions
  7. New EU financial services commissioner sets tone for insurance regulation
  8. California legal ruling could cost state's life insurers $22.4bn
  9. Social inflation and PFAS risk named as key threats for US casualty market
  10. Dutch rules to add additional layer of scrutiny to asset intensive deals

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

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

  • Life insurers profiting from streamlining through asset-intensive reinsurance

  • Quality of collateral named as key ingredient for FundedRe deals

  • PRA's funded reinsurance expectations mean more hurdles for re/insurers

  • 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 data provider of the year: Greater Than

Greater Than's innovative technology adds a whole new dimension by generating climate insights from existing GPS data provided by telematics devices, smartphone apps or connected vehicles.

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
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

People

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

  • Prudential Financial's Julia Senchak on the evolution of the bulk purchase annuity market

  • Only 54% of insurance CEOs worldwide are prepared for a cyber-attack

  • Pooja Rahman, Transamerica's CRO, leaves company

Software/IT

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

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

  • Only 54% of insurance CEOs worldwide are prepared for a cyber-attack

  • Gallagher Re: External scanning data can reduce cyber loss ratios

Risk

  • UN's FIT launches transition plan report

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

  • Climate and Sustainability roundup: Eiopa turns up the heat, Spanish flood crisis and COP action

  • Nine-out-of-10 Australian non-life firms expect climate change to hit underwriting