Archive

Cyber risk's fundamental mischaracterisation as an insurance risk

Tim Freestone and Malcolm McLelland argue for a radical overhaul of how cyber risk is quantified and priced. In the first of a two-part article, they explain the classification of cyber as a market risk and propose using modern financial theory to model it

Deeply integrating AI could benefit insurers' credit quality

Moody's Investor Service said this approach can create a competitive advantage for insurers

Success of Australian cyclone pool hinges on reinsurance pricing

IAG is latest insurer to join the northern Australia scheme

Economic growth diverging in largest economies, says Swiss Re

New Zealand P&C insurers face weather hit and tougher regulation

But AM Best maintains stable outlook for sector

IAIS 2023: Ariizumi and Saporta talk ICS, AI and climate

The International Association of Insurance Supervisors (IAIS) has seen a change at the top with Japan's Shigeru Ariizumi replacing Vicky Saporta as executive committee chair. The two gave an interview to Sarfraz Thind at the organisation's annual conference in Tokyo

Optimism for non-life legacy market despite modest Q3

Swiss Re develops IFRS 17 PAA calculator with Systemorph

Helps insurers determine PAA eligibility and balance sheet impacts of reinsurance deals

Former IFoA president calls for major overhaul at the body

Tan Suee Chieh said the IFoA needed to be "more agile and responsive"

Zurich CRO: As short-term risks dominate agendas, firms must balance long-term threats

Peter Giger's comments come as G20 countries prepare for COP28 climate talks