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Airline Insurance Claims Review 2025: The lessons learned

Some headlines have questioned the aviation industry’s safety record during 2025, but the reality is more nuanced. Claims remain near long term averages against a fast-growing demand for air travel. The losses at the end of 2024 offered a taste of the 2025 aviation claims year. There were several high-profile airline incidents, including one of the deadliest commercial aviation incidents in U.S. airspace since 2001. Despite the incidents in 2025, air travel remains one of the safest forms of passenger transportation.
Posted on Thursday Jan 15

If I were a Chief Investment Officer where would my focus be

The turn of the year invites a flurry of articles containing predictions, forecasts and “things to look out for”. Yet seasoned investors know that forecasting is, at best, an entertaining parlour game and, at worst, a distraction from sensible long-term allocation decisions. Still, it is impossible to ignore the background noise: record-high equity indices and narrow credit spreads are accompanied with ominous headlines about weak economies, asset bubbles and geopolitical fracture.
Posted on Wednesday Jan 14

Soft market insights

As rates soften across multiple classes, capital and risk teams are becoming increasingly involved in management decision-making and often asked to assess and quantify future risks. In our December roundtable, senior professionals from leading insurers and Lloyd’s syndicates discussed what the current cycle means for pricing discipline, capital efficiency, modelling choices, and validation practices, and how teams can respond with confidence. This article distils the most actionable takeaways.
Posted on Tuesday Jan 13

Private markets and leadership

In this episode of CEO Perspectives, part of Mercer’s Critical Thinking series that take you inside the C-Suite for peer-to-peer conversations with leaders influencing decision making across the investment industry, Mick Dempsey, Global President of Mercer’s Investments & Retirement business, is joined by Martina Cheung, President and CEO of S&P Global. Together, they explore how economic complexity is influencing investment decision-making, from resilience and diversification to transparency across the convergence of public and private markets and the growing role of data and analytics.
Posted on Monday Jan 12

Supply chain risk: Can farmers overcome insurance challenges

Julian Roberts looks at how farmers can address protection gaps and traditional insurance challenges when recovering from natural perils using alternative insurance solutions. Farmers have been managing the risks to productivity throughout human history, for example, by selecting the most appropriate choice of crop to plant according to state of soil moisture at the time. This is efficient, dynamic risk management the old-fashioned way. From the late 19th century, the traditional way of protecting against the risks of perils, including hail, drought, flood, frost, heatwave and windstorm, has been indemnity insurance.
Posted on Friday Jan 9

Five key actions for Trustees in 2026

Are you ready to hit the ground running? We’ve set out five key actions for trustees, along with the topics we expect to dominate agendas over the coming year. Action one: Review your long-term objective and keep up to date with developing options. Action two: Evolve your strategic journey plan to achieve your long-term objective. Action three: Assess your scheme governance. Action four: Review your admin. Action five: Consider member experience. The finish line
Posted on Thursday Jan 8

The outlook for the BPA market in 2026

Market expected to exceed £50 billion in 2026. Sophistication of market creates further de-risking choices for trustees as they navigate landscape shaped by regulatory reform & strategic choice. The UK BPA market faces strategic crossroads amid legislative reform and continued demand for de-risking, and 2026 will mark a pivotal moment for defined benefit (DB) trustees—a period shaped as much by strategy as by market activity.
Posted on Wednesday Jan 7

Why EPL cover matters more than ever for financial services

EPL claims are rising fast. With new UK employment laws and cultural scrutiny, financial firms must act now to close coverage gaps and protect against costly legal risks. In an era of heightened employee expectations, evolving regulation, and increased scrutiny of workplace culture, Employment Practices Liability (EPL) insurance is becoming a strategic necessity.
Posted on Tuesday Jan 6

Why insurance matters more than ever

MGAA CEO Mike Keating sits down with Hannah Gurga, Director General of the Association of British Insurers (ABI), for a wide-ranging discussion on the state of the UK insurance market in 2025. They explore the industry’s resilience in the face of extreme weather and cyber incidents, regulatory cost pressures, changes arising from the latest Government Budget, the importance of improving claims handling, and the future of talent in the sector. Hannah also shares ABI initiatives supporting diversity, skills development, and leadership — and highlights the value MGAs gain from being part of the ABI ecosystem.
Posted on Monday Jan 5

Old Macdonald’s pension fund had IE01

DB Pension funds typically pay benefits with an inflationary uplift, so it makes sense for schemes to hold inflationary assets. So far, so good. But pension payments can’t go down, and typically any indexation is capped, most commonly at 5%. This means the indexation is not to RPI but to a capped and floored version of RPI, called LPI (here it would be LPI0-5). So, how much sensitivity do liabilities have to inflation? Ultimately, LPI is RPI with options- the scheme is long a call at 5%, and short a put at 0%. This has two major consequences.
Posted on Friday Jan 2

The value of a modelling framework for insurers

At this year’s GIRO Conference in Liverpool, my colleagues at LCP gave several excellent talks on a range of topics – from claims analytics to reserve risk and even the future of the actuarial profession . I wanted to focus on a talk that I think is directly relevant to actuaries working in GI now and in the future. Emerging risk is a topic that actuaries must consider in all areas of their work. It is also proving a constant challenge for insurers to keep on top of.
Posted on Wednesday Dec 31

Collaboration required for the vision for private markets

Whether it’s a defined benefit scheme, a defined contribution scheme or a collective defined contribution scheme, trustees and providers are likely to be thinking about the role that private market investments could play within their pension scheme’s investment mix. Private equity, infrastructure, real estate or private debt are all likely to be under consideration as trustees look at possibilities to diversify their investments, help enhance returns or reduce volatility through asset classes delivering steady income and inflation-linking characteristics.
Posted on Monday Dec 29

Longevity Perspectives

Industry experts Huey Fang Chen, Head of L&H Structured Solutions Asia, and Kerry McMullan, Global Head of L&H Structured Solutions, explore global trends in transferring longevity risk, highlighting how demographic changes and regulatory developments are transforming the market.

Key themes:
• Transfer of pension liabilities to insurers and reinsurer's role
• Regulatory impact on market trends (UK & international)
• Swiss Re Institute insights on APAC’s growing silver economy
Posted on Wednesday Dec 24

Coping with extreme climate and geopolitical uncertainty

Thriving in the face of hyper-volatility means building financial resilience using a combination of quantitative analytics and qualitative ‘storytelling’. When it comes to addressing interconnected extreme risks, companies have a number of choices from building flexibility into their operations and talent, to combining quantitative analytics with qualitative ‘storytelling’ approaches to better identify and manage risks. Understanding and quantifying risk tolerance is crucial to building financial resilience in a hyper-volatile world.
Posted on Wednesday Dec 24

Advancing Data Driven Decision Making in 2026

As the general insurance landscape continues to evolve in response to shifting and growing risks, one constant remains: the need for sharper insights at speed. From motor to home and commercial property, data is the defining force in helping insurance providers make faster, more confident, and more accurate pricing and policy decisions. Against a backdrop of rising claims costs, ongoing regulatory scrutiny and growing climate risks, gaining a comprehensive, 360-degree view of the risk has become a business imperative, from quote right through to claim.
Posted on Tuesday Dec 23

What does climate change mean for investors today

Climate risk is no longer a peripheral issue for investors or energy system planners; it is a direct driver of value, resilience and long-term performance. We recently discussed this on an episode of Beyond Curious with LCP, where one of the central ideas was the value of treating climate change the way an investor treats a company balance sheet. What sits on the asset side of the climate ledger – resilience, innovation, adaptation, new technologies – and what sits on the liability side – physical risk, supply-chain fragility, policy volatility, and carbon-intensive legacy assets?
Posted on Monday Dec 22

From start line to surplus: hedging for run on

As more defined benefit (DB) schemes choose to run on rather than move straight to buyout, attention is turning to how investment strategies can be refined to improve outcomes for members and sponsors. Our recent article, Making your assets work harder in run-on, explored how investment strategy can support this direction of travel. This article looks at the other key lever: liability hedging. By setting hedging in line with your run-on objective, time horizon and surplus policy, trustees and sponsors can reduce funding level volatility, preserve transaction affordability and create more scope for surplus, without taking unrewarded risk.
Posted on Friday Dec 19

The implications of Aberdeens landmark deal

Aberdeen's pioneering transaction to assume sponsorship of the £1.2bn Stagecoach Group Pension Scheme (SGPS) marks a significant milestone in the evolution of UK defined benefit (DB) pensions. The deal shows that there are alternatives for well-funded schemes to access surplus, beyond the well-trodden buyout path. Under the Stagecoach transaction, Aberdeen became the sponsoring employer of the SGPS, enabling the scheme to run-on and deploy surplus assets to enhance member benefits.
Posted on Thursday Dec 18

Pensions dashboards webinar are you ready to connect

This webinar is specifically designed to support medium and small schemes that are preparing to connect. With more limited resources and technical capabilities, the journey to connection can feel daunting and we understand the challenges you face. If you couldn’t join us live you can now catch-up on demand. TPR are joined by experts from the Pensions Dashboards Programme and the Pensions Administration Standards Association, as well as a professional trustee to discuss the current landscape and provide advice on what schemes need to do ahead of connection. The webinar concludes with a 36-minute Q&A which provided detailed answers to 21 questions put forward by the audience.
Posted on Wednesday Dec 17

Looking back on the LGPS and moving forward

2025 - what a year that was! It has been incredibly busy in the LGPS, particularly in England and Wales, with the triennial valuations; pooling and investment proposals, four consultations at the last count (Access and Fairness, Access and Protections, Fit for the Future proposals, and Fit for the Future draft Regulations); not to mention the Pension Schemes Bill, McCloud, connection to the Dashboard infrastructure - the list goes on! But is 2026 going to be any easier?
Posted on Wednesday Dec 17

Actuarial Post Magazine Awards Winners Edition December 2025

Welcome to the Actuarial Post Awards 2025 winner’s edition and we hope you enjoy reading about their responses on having won their award. The awards this year were, once again I am in danger of repeating myself every year, but they were our biggest to date in terms of engagement and votes cast across all of the categories. I would like to take this opportunity to thank our sponsors Pension Insurance Corporation (PIC), Bolton Associates and Star Actuarial Futures for supporting our awards this year.
Posted on Monday Dec 15

2026 M&A Outlook with 5 trends firms should track for 2026

Buyers have learned to normalise and move through uncertainty, supported by lower financing costs and increased confidence in future growth prospects. As we approach the close of 2025, the global mergers and acquisitions (M&A) landscape is buzzing with renewed optimism. Our latest WTW research, conducted in partnership with the M&A Research Centre at Bayes Business School, reveals that dealmakers have significantly outclassed companies not involved in M&A during the first nine months of this year, based on share price performance.
Posted on Friday Dec 12

The Purple Book 2025 Webinar

In this exclusive webinar, Professional Pensions editor, Jonathan Stapleton, is joined by our Chief Actuary, Shalin Bhagwan, and our Actuary, James Emmott, to discuss the latest edition. Our annual Purple Book provides a comprehensive picture of the defined benefit (DB) pensions landscape in the UK. This webinar, accompanying the launch of this year's edition, will provide insights on key trends and emerging themes around scheme funding, demographics, and evolving asset allocations.
Posted on Thursday Dec 11

The regulatory future for sole trustees

Last month the Association of Professional Pension Trustees (APPT) published its revised sole trustee code of practice, effective from 1 January 2026. The new code has had input from the Pensions Regulator (TPR) and the APPT’s 450 members. The code has been revised to reflect the maturing sole trustee market. It no longer has wording about it being voluntary, and there is now a requirement to follow the code, except in exceptional circumstances where doing so would conflict with trustees’ overriding duties. The code still has no statutory force.
Posted on Thursday Dec 11

Insurance in an Era of Escalating Climate Risk

Climate change is happening, right here, right now. From record-breaking storms to heatwaves, the UK and Ireland are facing climate-driven risks that are both immediate and could rise in the long-term, depending on if and by how much carbon emissions are cut. Insurance providers must therefore equip themselves with data that tells them about today’s risks and how those risks could escalate in the decades ahead.

Posted on Tuesday Dec 9