Insurance Market Update archive

MORE Previous editions

• 
  Insurance market update - March 2012

  Non-life insurers
  In this edition, we explore some of the common challenges faced by firms in meeting FSA requirements and look to the future of client money regulation in the context of wider changes in the regulatory environment.
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  Insurance market update - February 2012

  Life insurers
  This issue provides an overview of both corporate and retail platforms and the main players in the market.
• 
  Insurance market update – January 2012

  Non-life insurers
  In this issue, we focus on changes to the claims value chain in the motor market arising from the banning of referral fees and the introduction of Alternative Business Structures.
• 
  Insurance market update - December 2011

  Life insurers
  This edition provides an overview of the Solvency II reporting requirements with particular focus on EIOPA’s Level 3 guidelines and Quantitative Reporting Templates (QRTs).
• 
  Insurance market update – November 2011

  Non-life insurers
  This edition reviews IFRS 4 Phase II, including the current status of the standard, its proposed changes to the presentation of financial statements and the resultant challenges facing general insurers.
• 
  Insurance market update – October 2011

  Life insurers
  Many insurers are in the midst of their internal model development with risk professionals and actuaries engaged in risk calibration and risk modelling, two highly technical areas.
• 
  Insurance market update – September 2011

  Non-life insurers
  This edition reviews some of the factors putting pressure on insurers’ capital, making insurance companies re-evaluate their optimal business models and capital structures.
• 
  Insurance market update – August 2011

  Life insurers
  Insurers seeking approval to use an internal model to calculate their capital requirements, as a part of the Solvency II Directive, will have to demonstrate that they have had their internal model ‘independently validated’.
• 
  Insurance market update – July 2011

  Non-life insurers
  The motor insurance industry is facing a challenging environment in which pressure is coming from an increasing cost of claims, despite premium increases.
• 
  Market Consistent Embedded Value

  At a turning point
  This year’s special edition of the Insurance Market Update analyses the results published by 19 major European insurers, although our focus is principally on those companies with UK operations.
• 
  Insurance market update – May 2011

  Non life insurers
  On 14 April 2011, the consultation period closed on the HM Treasury’s discussion paper entitled ‘A New Approach to Financial Regulation: Building a Stronger System (Cm 8012)’, published in February 2011.
• 
  Insurance market update – April 2011

  Life insurers
  As European insurers, and many beyond Europe, invest increasing time and energy complying with Solvency II and IFRS 4 Phase II, this April edition considers what will become of Embedded Value reporting.
• 
  Insurance market update – March 2011

  Non-life insurers
  Focused on information leakage and data security, this edition explores: the challenge posed by managing sensitive data, the steps to understand its nature, and the tools to understand and mitigate any data loss.
• 
  Insurance market update – February 2011

  Life insurers
  This edition explores Target Operating Models, considering: the drivers and the benefits of engaging one, recommended content and possible architecture, and the key elements to ensure a successful implementation.
• 
  Insurance market update – January 2011

  Non-life insurers
  We look at the way internal audit can assist management in gaining assurance over current Solvency II implementation projects and consider the subsequent challenges facing this critical component of the governance framework.
• 
  Insurance market update – December 2010

  Life insurers
  In this month’s edition, we discuss the provisions enacted by the Foreign Account Tax Compliance Act (“FATCA”), why it is relevant to UK life insurers and how this might affect them.
• 
  Insurance market update – November 2010

  Non-life insurers
  In our article, we consider the basis for the deteriorated motor insurance industry and identify what sets this downturn apart from previous low points in the cycle.
• 
  Insurance market update - October 2010

  Life insurers
  In this edition, we consider some of the opportunities for growth within the Indian life insurance market.
• 
  Insurance market update - September 2010

  Non-life insurers
  In this edition, we look at claims leakage and consider the estimated cost for UK insurers. We also look at the benefits of performing an annual Closed Claim File Review to quantify and control claims leakage.
• 
  Insurance market update - August 2010

  Life insurers
  In this month’s edition, we look at the Risk Based Performance Management (RBPM) framework and in particular, the key steps insurers should consider when developing an RPBM framework.