The Woodford Investment saga created a surprise for many investors as a result of the suspended redemptions of the Woodford equity fund. The impact it created on individual investors could be a learning curve for pension schemes and trustees.
The use of artificial intelligence (AI) within the insurance industry has been widely anticipated for years. Today this anticipation is reality.
People are surely getting regulatory fatigue by now. Solvency II has barely churned into business as usual and here comes IFRS what? It is complex, convoluted and many times worse than Solvency II, that we have just been through in the last few years.
Although the review is not intended to address the wicked question of “who is the fairest of all.” the FCA published an extensive list of examples of good and poor practice that they encountered in the review within the report.
When asked what were the top triggers leading to a retendering process, 59% of respondents cited ad hoc review, 58% stated a board directive, while 54% stated an inability to overcome a crisis point on a specific initiative.
You must have heard about Climate Change lately – it has made an appearance in various publications from the PRA, FCA and EIOPA. Here at BW, we’ve been giving it a lot of thought too!
See the key findings of our recent ‘Perspectives on Value’ report, which canvasses 100 leading voices from 45 UK life insurance firms.
On 14 November 2018, the IASB announced a deferment of the IFRS17 implementation date by a year, with some still calling for a two year delay. This coming so closely after the implementation of Solvency II has meant that most European firms are now exhausted and/or reluctant to consider any major operational changes arising from IFRS17 in the first instance.
With-profits funds offered by UK insurers have had a poor reputation since the near-collapse of Equitable Life, with many depicted as “zombie” funds producing poor investment returns. But, this just isn’t the case for the majority of funds.
Embracing ecosystems, cutting costs with technology - and the importance of creating “fans”. Cherry Chan, head of general insurance consulting, shares key takeaways from one of the leading events in insurtech and innovation in insurance.