Paul Walsh

Perils tallies Emilia-Romagna flood losses in Italy at €377m

IFoA fires climate modelling warning to financial services sector

Models need to better capture risk drivers and uncertainties, an IFoA report has said

BMA finds insurers falling below capital targets post cyber stress

The Bermudian regulator released results of its prescribed cyber stress tests

Cresta puts insured losses from Turkish-Syria earthquakes at $5bn

Cresta said the sequence of earthquakes caused the largest international insured catastrophe losses, in 2023 so far

Few insurers fully quantify Ukraine war's impact in their SFCRs

But LCP did note higher quality discussions about the conflict's secondary impacts

LCP's Charl Cronje joins expert Ogden rate panel

A response to the UK government's consultation on a possible dual/multiple Ogden rate is expected by July

Insurers face multiple risks from digital twins says Swiss Re

The Swiss reinsurer explained insurers may not possess the expertise needed to manage digital twins

Gen Re chairman Charlie Shamieh takes over as Reinsurance Advisory Board chair

Dan Kovac becomes Hiscox's US CRO

Avoid overly-optimistic claims inflation assumptions, says the PRA

The watchdog said underestimating future claims inflation brings risks