General Insurance news and articles written by acturies for actuaries - read the latest research pieces, today's news and latest articles in the non-life market.

Insurance in 2016: Big Data & M&A's after Solvency II

By Georgina Squire, Head of Dispute Resolution, Rosling King.
From January 1, a far-reaching new Europe-wide insurance solvency scheme came into force which, in turn, could trigger a surge in M&A activity between insurance companies. By any yardstick, these are eventful times.
 
The intention behind the Insurance Act 2015 was to modernise the law and rights and remedies when things go wrong, whilst providing a framework for an effective, competitive and trusted business insurance market.
 
Looking ahead, it is important that policyholders fully understand the new landscape and appreciate how the changes will affect their business. Reviewing their disclosure processes will be key, as they are obliged to provide to their insurers prior to renewal of a policy a fair presentation of the key issues affecting the business. In order to do so, the policyholder needs to consider whether to establish systems and processes to assess whether further enquiries need to be made before presenting their proposal to their insurers.
 
Further key changes flowing from the Act include the abolition of the out of date concept of avoidance ab initio for any misrepresentation or non-disclosure at incept...Read More

Under Pressure: Insurance M&A

Bill Cooper, Managing Director and Global Head of Insurance at Lloyds Bank Commercial Banking. 
Although mergers and acquisitions has been a common trend in insurance and re-insurance market for decades, prevailing commercial, economic and regulatory pressures have combined to make insurance assets more attractive for a range of buyers and consequently drive M&A volumes.
 
Macro-economic challenges
The macro-economic climate continues to be challenging for insurers, who struggle to make decent returns on the investments they hold to cover potential cl...Read More

Momentum in M&A will drive ‘ripple’ effect

By Andrew Holderness Global Head of Corporate Insurance Group at Clyde &Co LLP
While some way off the peak activity of 2009, the number of completed deals globally rose in the first half of 2015 to its highest level in three years. There were 225 transactions completed worldwide and, year-on-year, M&A grew over 19 percent.
 
New players in town
Although Zurich’s recent decision to walk away from its acquisition of RSA illustrates how external events can impact a business’ appetite for M&A, the market is currently gripped by merger mania – there is real impe...Read More

"Generation Lost" speaks - Global Risks Report 2014

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Lifestyle Actuary

The trappings of fast paced city lifestyles rarely take into account the charm and elegance that a room, a dinner or a cup of tea can afford; characteristics lost to a by-gone era of debutante balls and black tie for dinner.

The Luddite

Sam Richardson looks into the up and coming and the outgoing of the technology and gadgetry world in 2014.

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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