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.

Driverless cars bring automated advice closer

By Tom Murray, Head of Product Strategy, Exaxe
 
While there are many people who like driving, most driving consists of commuting in urban areas, which is pleasant for no one. 
 
Endless stop-start driving is mind-numbing and frustrating. Automating the process of commuting should lead to happier commuters with fewer accidents due to driver error or distraction. The move by the USNHTSA is a huge step towards moving us into the era of the driverless car.
 
This is encouraging news for all of us who welcome the improvements that can be brought to our lives by the increasing use of automation to do work that is boring and repetitive, and is therefore much better carried out by machines.
 
The government’s decision is a strong indication of determination to overcome the obstacles of automation in the area of transportation, and will certainly encourage those of us working on the increasing use of artificial intelligence in the financial services sector.
 
Automation of the advice process has long been seen as a possible solution to the problem of the advice gap. Given the highly codified nature of financial regulations, they appear ripe for automation. We know that the demand for cheaper advice exists.
 
Therefore, the case for aut...Read More

2016: A New Year or déjà vu?

Cherry Chan, FIA, Partner at Barnett Waddingham takes a look back at the insurance actuarial and risk issues that dominated 2015 and consider what might be in store in 2016. Is Solvency II all wrapped up? After much anticipation Solvency II is finally here…and it’s here to stay. So, can we finally rejoice and sit back knowing that Europe’s insurance policyholders can sleep more soundly at night?
 
Well, not quite. Late 2015 brought good news for the 19 firms that received full or partial model approval. Firms also got to grips with approval for Long Term Guarantees and transitional applic...Read More

What do the Credit Rating Agencies think of Solvency II?

By Barney Wanstall, Director, Insurance PwC and Anna Bender Senior Manager
Well, it turns out a fair amount – in fact there is only room here to talk about Pillar I.
 
First of all, Pillar I requirements have prompted (re)insurance companies to rethink their overall capital positions. And that’s been a good thing. While most companies across Europe have been using internal capital models and various capital measures for many years mostly for internal capital management purposes, the introduction of a new, risk-based capital regime has led to many firms revisiting and ultimate...Read More

"Generation Lost" speaks - Global Risks Report 2014

Latest World News

Sat, 30 Apr 2016 Aleppo bombed as Syrian army begins 'calm' plan elsewhere
Sat, 30 Apr 2016 Sadr followers dig in inside Baghdad's Green Zone, political crisis deepens
Sat, 30 Apr 2016 Russia defends intercept of U.S. reconnaissance plane over Baltic
Sat, 30 Apr 2016 U.S. says working on 'specific initiatives' to de-escalate Syrian violence
Sat, 30 Apr 2016 Putin reshuffles Russia's law enforcement structures
Sat, 30 Apr 2016 Iran's moderates make modest gains in run-off election
Sat, 30 Apr 2016 UK's 'Remain' camp gains ground in EU poll: Opinium
Sat, 30 Apr 2016 Bomb attack on Shi'ite pilgrims in Baghdad kills at least 19: sources
Sat, 30 Apr 2016 Canada eager to consider investing in new Montreal rail network - Trudeau
Sat, 30 Apr 2016 Egypt puts on trial 237 activists for protests against Sisi: sources

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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Considering the Risk of Self-Driving Cars

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