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Barnett Waddingham
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Blog: Actuarial and risk management for non-life insurers

Barnett Waddingham, Delegate Act, Solvency II, European Commission
Delegated Act: Implementing rules for Solvency II

On 10 October 2014 the European Commission adopted a Delegated Act containing implementing rules for Solvency II. The European Parliament and Council now have until April 2015 to approve them.

Clarification for signing actuaries?

In early 2014, the Central Bank of Ireland published new reserving requirements for non-life insurers and non-life reinsurers and life reinsurers. Our latest blog looks at the three documents relating to non-life (re)insurers' new reserving requirements.

UK motor insurance market – cause for celebration?

It was the news that the UK motor insurance industry had long awaited; the achievement of its first underwriting profit in 20 years. In 2013, a combined operating ratio of 98.5% was recorded, after two decades of disappointment.

PRA Solvency II update

On 25 July 2014 the PRA released an update on Solvency II implementation. Firms have been making significant progress towards the implementation date of 1 January 2016, but there are still areas of regulatory uncertainty.

Cybergeddon, Fiscal Crises and Natural Catastrophes - Global Risks 2014

The risks faced by society today may require greater attention due to the interconnectedness of the world that we live in. Unlikely incidents, such as 1-in-200 year events are no longer that remote or unimaginable.

MH17: Confusion extends to the insurance industry

In the aftermath of the initial shock, confusion over what happened and who is responsible has extended to the insurance industry with experts disagreeing on which policy will pay out and who may be liable.

SS7/14 – Skilled Persons Reviews: Check, check, check

This blog summarises the considerations and expectations for relevant parties for different stages of the Skilled Persions Reviews process.

Mark Carney’s warning to insurers

The governor of the Bank of England has highlighted the risks insurance companies could be exposing themselves to in the current macroeconomic environment.

Skilled Persons Reviews: Looking into the crystal ball

In this blog, we present the activity of SPRs over 2013/14 and comment on what can be seen when looking into the crystal ball.

PRA Supervisory Statements SS3/14 and SS4/14

The Prudential Regulation Authority (PRA) have published a supervisory statement discussing its approach to schemes of arrangements.

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