Telematics has been a hot topic in the motor insurance industry for a number of years, but innovative insurers are now using it in other areas such as pet and home insurance. Read more in Cherry Chan's latest blog.
On 16 March 2016 Chancellor George Osborne delivered his 2016 Budget. The announcements provided a mixed bag of news for the insurance sector, summarised in this blog.
With the Solvency II implementation date looming, firms must make sure their processes are ready to meet the requirements. We explore how a standard formula Solvency Capital Requirement calculation tool can be made as simple as possible for the end user.
Further to last year’s consultation, the PRA has now introduced measures that may lead to financial penalties on actuaries that fail to observe PRA rules or the requirement to 'whistleblow' under FSMA.
Scott Eason and David Gulland take a look back at what was a very busy 2015 for life sector M&A and consider potential market movements in 2016.
With firms still working on Solvency II reporting requirements, the PRA sets out its expectations with regards to reporting of look-through information.
On 29 September 2015 Mark Carney, Governor of the Bank of England, gave a speech at this year’s City Dinner in the Lloyd’s building. He discussed the ways in which climate change is likely to affect the insurance sector.
The Central Bank of Ireland (CBI) has published a consultation paper which sets out specific domestic (Irish) requirements regarding the actuarial function and related governance arrangements for all insurance and reinsurance undertakings subject to Solvency II.
Prudential Regulation Authority (PRA) recently published a whopping 15 Solvency II related supervisory statements. Among these were statements on applying for exemptions and other approvals. We look at the key points from both statements.
Given that spring is just around the corner and with it the IMAP submission dates this letter provided some timely feedback for those working towards an IMAP date this year or indeed those considering a future application.