Soft markets, AI and next steps for London Market pricing

The twin impacts of softening markets and AI mean that London Market pricing teams will need to evolve their approach rapidly over the coming years. In this article I look at the current state of the market, highlight examples of good practice and consider key areas where firms need to evolve. Most firms in the London Market have well-established technical pricing processes. However, the role of technical pricing has been somewhat limited in hard markets, where the priority is to maximise underwriting team bandwidth to capture the abundant opportunities to write profitable business.

Flood risk in changing climate: What risk managers must know

Flood risks are not restricted to those places labelled as flood zones. Neil Gunn and Hayley Fowler look at why flooding can occur well beyond mapped flood areas and suggest how risk managers can avoid being taken unaware. This year’s flood events illustrate the accelerating trend of hydrological intensification driven by ongoing global warming. A preliminary global review shows extreme and often record-breaking rainfall on every continent, with many events producing exceptional sub-daily intensities.

DB endgame options: when strategy meets accounting reality

As funding levels improve, sponsors are exploring a broader range of endgame options than ever before. While strategic discussions often focus on risk, funding and member outcomes, understanding the accounting implications of each option is becoming an increasingly important part of the decision-making process. While the strategic benefits are clear, the accounting implications can be complex and the impact significant. In some cases, the accounting standards may appear misaligned with intended strategic outcomes and UK policy objectives.

2026 Natural catastrophe losses Europe heatwaves and El Niño

 

 

 

Lifestyle Actuary

Dalriada Trustees Limited (Dalriada), one of the largest providers of professional trustee services to pensions schemes in the UK, has today announced the appointment of Sarah Brough as a professional trustee.

Lights Camera Actuary

For the next few months Zoe Bolton will be talking to the senior actuaries in these firms, getting a brief insight into their career paths and visions for the future. This month Zoe interviews Shil Patel the UK Managing Director at Dynamo Analytics

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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