Myth vs reality: knowing your true product recall exposure

With ever improving quality systems, product recalls should be in decline – so why have they been rising in recent years? This article explores the gap between recall myths and reality and how you can minimize your risk exposures. In 2025, the number of product recalls in Europe rose for the seventh consecutive year, reaching a historic high of more than 15,600.[1] The size of recall events have also been increasing. In the U.S., while the number of incidents was stable in 2025, the volume of product units recalled increased by more than 25%.[2]

Virgin Media – what now for pension schemes?

Amongst the headline-grabbing provisions of DC Value-For-Money, investment mandation and DB surplus release, the Pensions Scheme Act 2026 also provided the industry with a legislative response to the long-running uncertainty created by the Virgin Media ruling. The introduction of retrospective certification for certain historic benefit amendments is a welcome and pragmatic development, as is the accompanying guidance from the FRC and TPR - but it may not be a universal solution, as this article explores.

The Call for Claims Intelligence at Underwriting and FNOL

As the insurance market faces regulatory pressure to ensure that insurance products represent fair value and claims are paid efficiently, the potential for greater claims intelligence both at underwriting and point of claim, particularly First Notification of Loss (FNOL), is becoming increasingly clear. Looking first at underwriting, claims data has long been used by insurance providers to assess the likelihood of future claims and inform pricing. However, that data has been limited to the insurance provider’s own experience of claims.

Accumulation alert: remembering the 2011 Thai floods

 

Lifestyle Actuary

Dalriada Trustees Limited (Dalriada), one of the largest providers of professional trustee services to pensions schemes in the UK, has today announced the appointment of Sarah Brough as a professional trustee.

Lights Camera Actuary

For the next few months Zoe Bolton will be talking to the senior actuaries in these firms, getting a brief insight into their career paths and visions for the future. This month Zoe interviews Shil Patel the UK Managing Director at Dynamo Analytics

Travelling Actuary

This month's Travelling Actuary takes us to the iconic Boston to experience New England at it’s very best.

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