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.

The world is an insurer’s oyster

By Shaun Crawford, Global Insurance Sector Leader at EY

The concept of a shrinking world is not a new one. As technology develops and travel is made faster and easier, the world’s markets are becoming closer and more connected. Insurers are now turning their attention to growth following the financial crisis and as global insurance companies recognise the increased competitiveness of developed markets, they are increasingly looking to a new wave of RGMs. For a long time the BRIC countries offered the most significant foreign growth opportunities, but new emergers such as Mexico and Indonesia are now starting to demonstrate real promise. China, of course, continues to play a dominant role in driving premium growth in international markets. 

But, a host of new emergers now also offer valuable long-term opportunities. Opportunities for global expansion into new markets represent a powerful force accelerating the growth in insurance premiums today – especially as economic performance languishes in much of the developed world. But, expanding into unknown territories comes with risks as well as growth opportunity. EY recently produced a risk-opportunity matrix, ranking 21 rapid-growth markets in terms of their future prospects for insurers. The matrix is based on project...Read More

Under the Radar? Insurance & Inflation Risk

By Eugene Dimitriou, Senior Vice President, Account Manager & Berdibek Ahmedov, CFA, Senior Vice President, Product Manager
 
Inflation risk exists across virtually all insurance companies’ balance sheets (both for life and non-life providers), as almost all assets are affected directly or indirectly by inflation expectations. Likewise, many insurance liabilities have a direct or indirect inflation link, be it for future administrative expenses or for claims (e.g., payment protection orders, life annuities, medical or legal claims). More importantly, unlike many other market risks insurance companies fa...Read More

Telematics: Driving accuracy in the insurance industry

By Cherry Chan, Partner, Barnett Waddingham

Telematics insurance is swiftly revolutionising the motor insurance industry. The car insurance sector has rarely changed since Direct Line began selling insurance directly to customers in 1985 to eliminate broker fees. This is why so much attention has been drawn to this new product that is driving the evolution of the market. Currently only 4% of UK drivers have a telematics insurance policy but this is predicted to rise extensively.

The popularity of telematics has certainly increased, with the number of live poli...Read More

"Generation Lost" speaks - Global Risks Report 2014

Latest World News

Wed, 01 Oct 2014 Hong Kong's embattled leader believes protests could last weeks- source
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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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