LEGAL & REGULATORY
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Insurance supervisors want wider transparency and disclosure on climate risk and not just greenwash.
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The watchdog’s new product governance rules could be a catalyst for big change in the UK general insurance market.
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What natural disasters and calamities aren’t doing in New York, the state’s legislature just might.
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Nicola Parton, head of P&C Business Management at Swiss Re, explains how the rapid growth of third-party litigation funding could threaten the affordability – and even insurability – of some liability risks.
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Ripples from the Task Force on Climate-Related Financial Disclosures will impact insurance asset management: from asset allocation and manager selection decisions to more onerous data management and reporting requirements.
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The London Market Group wants to see nuanced refinement of the Solvency II UK regime. Unnecessarily burdensome requirements should be scaled back leaving what is actually important to clients, supervisors and firms.
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Ubiquitous “forever chemicals” could pose an unprecedented liability claims threat, risk experts warn
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The long-awaited arrival of IFRS 17 is now just 18 months away. The race is on to implement the major changes required and work out what the standard will mean in practice - not least for the bottom line
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Many UK insurers want to break away from the more prescriptive requirements of the Solvency II regime, but the room for manoeuvre may be limited
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Welcome to the third installment of a three-part series titled, "Profiles in Excellence," in which Brandon Sweitzer, Dean of the Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science at St. Johns University, interviews the recipients of the School of Risk Management's inaugural "Student Innovation in Insurance" Contest.
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Welcome to the second installment of a three-part series titled, "Profiles in Excellence," in which Brandon Sweitzer, Dean of the Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science at St. Johns University, interviews the recipients of the School of Risk Management's inaugural "Student Innovation in Insurance" Contest.
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Welcome to the first installment of a three-part series titled, "Profiles in Excellence," in which Brandon Sweitzer, Dean of the Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science at St. Johns University, interviews the recipients of the School of Risk Management's inaugural "Student Innovation in Insurance" Contest.
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In 2020, worldwide class action settlements tallied over $5.8bn, up from $3.6bn a year earlier – with 95% of those originating in the U.S.
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Insider Engage gets the experts’ views on some of the biggest legal and regulatory challenges facing the (re)insurance sector in 2021 and beyond
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It is to everyone's advantage to embrace this trend and settle for a fair number without the old-fashioned ritual dance. Plus: six things you must know when resolving cases during a pandemic.
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With social inflation threatening to spiral ever higher in the US, could UK carriers see the cost of claims follow a similar trajectory?
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D&O liability rates have already rocketed at recent renewals, but new board-level regulations on the horizon could raise the risk for company directors, putting further pressure on pricing
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The frequency of costly claims will also continue to impact individuals seeking homeowners coverage.
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Why a company’s ability to compel its workers to be vaccinated has become the “million-dollar question.”
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Kenny McIvor presents Willis Towers Watson’s top five recommendations as made to the HM Treasury Call for Evidence on the review of Solvency II
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Fitch Ratings says the ratings of UK non-Life insurers are unlikely to be affected by the Supreme Court's decision on the validity of business interruption claims related to COVID-19.
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The UK regulator intends to make a “quick win” reform of capital rules for insurers after the Brexit transition period ends, according to a senior Bank of England official quoted by Reuters this week.