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.

What might prudential regulation look like under Brexit?

By Barney Wanstall, Director, Insurance, PwC
Equivalence status will be helpful for UK based groups and UK reinsurers – European insurers will be able to rely on UK group supervision, they will also be able to purchase reinsurance from lower or unrated UK reinsurers and incur the same counterparty default risk capital charges as from equivalent EU reinsurers.
 
However, we should remember that equivalence only goes so far – it is a separate issue from passporting – the ability to trade freely around the EU from the UK. Passporting is a political issue – the central EU position is not to grant this without the free movement of people. So, whilst there are a number of scenarios when it comes to trading rights, UK insurers currently look unlikely to retain this right however good the regulatory regime is.
 
Experience to date has shown that the PRA has been both championing and to a certain extent hamstrung by Solvency 2 – the directive being both more prescriptive for firms but also more restrictive on the regulatory toolkit. So what might happen now that they have more freedom?
 
Firstly, we should remember that equivalence does not equate to compliance – the PRA...Read More

Latest Insurance Articles

IASB eases IFRS17 reporting requirements
14 December 2018
Fires and explosions cause largest losses for business
13 December 2018
Eight in ten SMEs blind to cyber attacks and data loss
13 December 2018
Festive season sees worst and best days for accidents
13 December 2018
Will EC Commission continue to ignore Solvency II evidence
11 December 2018
Eleven insurance associations write to IASB Chair on IFRS 17
07 December 2018
US Wildfire costs to exceed USD10bn for second year running
07 December 2018
Call to insurers to refuse support for Australian coal mine
06 December 2018
Survey reveals why motorists choose telematics insurance
05 December 2018
Parents take unpaid leave to care for sick children
05 December 2018
Three hundred percent increase in subsidence claims
05 December 2018
Digital trends that drive the future of employee benefits
04 December 2018
Comments on Pensions Dashboard from Now Pensions and Origo
03 December 2018
Willis Towers Watson reveals monthly PPL adoption
03 December 2018
Family misfortunes highlight the case for travel insurance
03 December 2018
You may need Green Cards again after Brexit
03 December 2018
Employers prioritise development and well being for staff
30 November 2018
Timid 2018 SolvencyII review misses opportunity for progress
30 November 2018
Millions face fire risk sleeping with Christmas lights on
29 November 2018
One week left for insurers Senior Managers and Certification
28 November 2018
View More News View More Articles

The clock is ticking: Time to move on Data Protection

By Ruaraidh Thomas, Managing Director at DST
 
This gives insurers almost two years to review and adapt their systems and processes. However, in considering this, businesses should think about not just the time they have, but the distance left to travel. For many this is considerable.
 
A survey by data governance specialist DataIQ for DST published in May supports this. It suggests many businesses poorly understand customers&rsqu...Read More

Cloudy with a chance of Robots

By Nick Corrie, Solvexia
 
Examples include Netflix v Blockbuster, Amazon v traditional bookstores, Uber v Taxis, AirBnB v Hotels. Is insurance immune from this wave of innovation? That would be wishful thinking.
 
To understand why let’s investigate the enablers of these disruptive forces: connectivity and cloud computing.
 
In 2015 there were 3.2 billion people worldwide connected to the internet, compared to less than 500 million in 2007. This is just a count of the internet of people but if you count the internet of things, Ga...Read More

"Generation Lost" speaks - Global Risks Report 2014

Latest World News

Fri, 14 Dec 2018 Nigerian military suspends UNICEF activities in northeast: statement
Fri, 14 Dec 2018 Kosovo approves new army despite Serb opposition, NATO criticism
Fri, 14 Dec 2018 One of Khashoggi killers said 'I know how to cut' on audio, Erdogan says
Fri, 14 Dec 2018 Euro zone takes step to deeper integration, key issues unresolved
Fri, 14 Dec 2018 Arab Parliament urges Arab League to reinstate Syria, Egypt's news agency says
Fri, 14 Dec 2018 EU wants to use Northern Irish backstop only as last resort: Merkel
Fri, 14 Dec 2018 Yemenis in Hodeidah hope truce holds as warring parties talk peace
Fri, 14 Dec 2018 Zimbabwe's Mnangagwa to publish post-election violence report next week
Fri, 14 Dec 2018 Strasbourg reopens Christmas market after attacker shot dead
Fri, 14 Dec 2018 Fourth victim of Strasbourg market attack dies - prosecutor

Lifestyle Actuary

This Summer, London Market headhunter, Constance Longden of Bolton Associates, is heading off around the world of re/insurance - and is taking the Actuarial Post with her!

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.

Site Search

Exact   Any  

Latest Actuarial Jobs

Digital Magazine

LATEST EDITION - OUT NOW

Actuarial Post's Digital Magazine Issue 89

Actuarial Post 2018 Winners Edition

Click the image above to view. Click here to receive your future copies of our monthly magazine

Author Companies

Actuarial Jobs & News Feeds

Jobs RSS News RSS