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.
Nasir Shah joins Barnett Waddingham as an associate and consulting actuary, and will be supporting a range of general insurance companies across a variety of areas.
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.
The PRA sent out a letter in April 2017 requesting approximately 25 mostly category 1 & 2 firms (and a small number of category 3 firms) to participate in the General Insurance Stress Test 2017 (GIST 2017).
'Stronger together' is how I see actuaries and data scientists working together in harmony – it is not about Brexit or America’s presidential campaign!
Cherry Chan examines the potential that driverless technology has to be revolutionary in her latest blog. But to what extent will traditional motor insurance change, and how will regulation need to evolve to meet the new demands?
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.
In 2015 the Prudential Regulation Authority (PRA) conducted a General Insurance Stress Test exercise for all Category 1 and 2 UK regulated general insurers. 63% of the general insurance market (by premium) participated, covering 26 insurance groups across 39 legal entities.
Barnett Waddingham and SolvencyIISolutions present SIIMPLIFY (Pillar 1 standard formula Solvency Capital Requirement tool) and Tabular (Pillar 3 reporting tool).
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.