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Over the centuries insurers have generally had the luxury of evolving their businesses, implementing developments gradually over time. However, the recent fast-moving nature of political, economic and market conditions resulted in a highly fluid business environment for UK life insurers in 2017, creating pressures to respond more rapidly: more revolution than evolution. |
By Colin Forrest UK Life Insurance Consulting and Technology Leader and Marcus Bowser UK Life Insurance Consulting and Technology Sales and Practice Leader from Willis Towers Watson Admittedly, insurers can do little to influence some of the drivers of change. The ripple effects from the result of 2017’s snap election and the uncertainty about the terms of Brexit are simply the ‘facts of life’ for all UK businesses. But whether embedding Solvency II into business as usual, taking the first steps to transition to IFRS 17, incorporating product and pricing innovation, taking steps to radically simplify the business, or responding to the opportunities and threats of InsurTech, UK life insurers will benefit from demonstrating the same level of preparedness for what lies ahead as many have already shown in orienting themselves to recent developments.
The UK life insurance market 2017-2018 Evolution, with a capital ‘R’ |
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Senior Pensions Manager - Assurance | ||
Flexible / hybrid 2-3 days p/w office-based - Negotiable |
Head of Pricing | ||
London - Negotiable |
Consultancy Bonanza! | ||
UK-wide / London / hybrid - Negotiable |
Service Delivery Manager - Pensions | ||
Scotland / remote / 2 dpm in the office - Negotiable |
Life Actuarial Student – Risk | ||
Glasgow / hybrid 2 dpw office-based - Negotiable |
Senior Investment Analyst | ||
London / hybrid - Negotiable |
ALM Strategy Specialist | ||
Bermuda - Negotiable |
Senior Casualty Reinsurance Actuary | ||
London - £140,000 Per Annum |
Senior Pensions Administrator - Midlands | ||
Birmingham / hybrid - Negotiable |
Senior Pensions Administrator - Scotland | ||
Scotland / hybrid 2 days per month office-based - Negotiable |
Investment Analyst | ||
South East / hybrid - Negotiable |
International Capital Management Actuary | ||
Bermuda - Negotiable |
VP Reserving Actuary | ||
London - £150,000 Per Annum |
Calling all BPA analysts! | ||
North West / hybrid 50/50 - Negotiable |
Financial Planning & Analysis Actuary | ||
London/Hybrid - Negotiable |
Apply Your Doctorate to Technical Pri... | ||
Fully remote / nationwide / hybrid working options all available - Negotiable |
P&C Consultant | ||
London / hybrid 3dpw office-based - Negotiable |
Senior Pricing Actuary | ||
London - £140,000 Per Annum |
Actuarial Pensions Manager | ||
Flex / hybrid 2-3 dpw office-based - Negotiable |
Financial Reporting in beautiful Bermuda | ||
Bermuda - Negotiable |
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