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Insurers still struggling with cyber risk management
07 March 2017Last year's attack on DNS provider Dyn and a warning from the UK regulator on the aggregation of cyber risks have had a big influence on the way insurers are thinking about cyber risk modelling and management. Callum Tanner reports from the Advisen cyber risk conference in London
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The surprising inconsistency of risk appetite and risk tolerance statements
02 March 2017Dave Ingram explains how Willis Re's study of insurers' risk appetite and risk tolerance statements revealed wide differences in the concepts they express
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PRA fights back with Solvency II defence
23 February 2017Aviva and L&G chief executives have exaggerated the problems with Solvency II, according to PRA chief Sam Woods. Given more freedom outside the EU, the UK regulator is unlikely to make sweeping changes. Callum Tanner reports
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NAIC digs its claws into EU-US covered agreement
17 February 2017A Congressional hearing has given opponents of the covered agreement the opportunity to argue for its renegotiation under the Trump administration. Christopher Cundy reports
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UK insurers' legal challenge on risk margin scuppered by regulator
16 February 2017Legal advice commissioned by British insurers suggested that a future management action could allow firms to significantly reduce the risk margin even while the UK regulator remains bound to EU law. So far that advice has fallen on deaf ears. Callum Tanner reports
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Insurers tussle with Ogden rate assumptions
15 February 2017The UK government is due to announce a revision to the damages discount rate – at the same time as insurers are preparing their annual reports. Christopher Cundy reports
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Why London is losing out to Bermuda after major catastrophes
09 February 2017The failure of the London Market to attract the majority of new reinsurance capital after major US catastrophes is in large part down to the flexibility of regulators. For now, Bermuda retains the advantage. Callum Tanner reports
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Lloyd's responds to backlash over internal model change
07 February 2017Proposals to alter Lloyd's policy on internal model change have been rejected by managing agents and the corporation is scrambling to respond. Christopher Cundy reports
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Flood Re reveals contrasts in UK insurers' flood modelling
02 February 2017Britain's flood reinsurance programme has exposed insurers' ability to model and manage flood risk, as Flood Re's chief actuary Gary McInally discusses with Christopher Cundy
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The PRA's plan for a market-turning event
31 January 2017Supervisors are ready to help insurers understand how the new regulatory environment will respond in the event of an unprecedented major catastrophe, as explains Chris Moulder, director of general insurance at the Bank of England