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.

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 claims. With interest rates at record lows and bond yields in the doldrums it has proved difficult for insurers to justify capital investments for growth or business improvements.
In addition, falling premiums across many traditional product lines continues to hamper organic growth, increasing the need for insurers to actively target new products, services and markets if they are to achieve their commercial goals.
The need for insurers to access new revenue streams has been heightened by the impact of technology. During the past decade the pace of technological change in the sector has been unprecedented, with new models, ...Read More

The (not very) standard formula

By Barney Wanstall, Director, Insurance, PwC
As a result, and in practice, the question is much less “ is the standard formula appropriate?” and much more “is it inappropriate?” given few firms, especially with years of ICA experience, would choose to model themselves in the way the standard formula requires.
It is also worth remembering that this requirement is not a PRA regulatory add on but a core Directive requirement for all firms to assess where your business (materially) deviates from the Standard Formula assumptions.
In adva...Read More

The end of the cheapo repo?

,By Adam Gregory, Investment Officer at The Pensions Trust
Repo market background
Historically financial institutions have used the repo market for short-term intra-bank secured lending. The more secure and liquid the asset the more valuable the asset as security - hence why gilts are favoured.
With such high quality and liquid assets placed as collateral the cost of borrowing - the repo rate - has been relatively low and this has attracted a variety of investors from hedge funds seeking cheap (medium-term) leverage, to pension schemes...Read More

"Generation Lost" speaks - Global Risks Report 2014

Latest World News

Wed, 02 Dec 2015 In first step to power, Suu Kyi holds talks with Myanmar president
Wed, 02 Dec 2015 Venezuelan president's popularity bounces before election
Wed, 02 Dec 2015 China may pay 'international price' in South China Sea legal case, experts say
Wed, 02 Dec 2015 Al Qaeda Syria wing frees Lebanese in return for jailed Islamists
Wed, 02 Dec 2015 Parliament set to vote for Syria air strikes
Wed, 02 Dec 2015 U.S. deploying new force to Iraq to boost fight against Islamic State

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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