The magazine of the Institute & Faculty of Actuaries

International news

Met Office boss calls for better adaptation for climate changeStrategies are needed to adapt to the effects of climate change, according to the head of climate impact research at the Met office. 14 September 2016
Reinsurers to face soft cycle for longer, says S&PThe soft cycle in reinsurance has continued longer than many reinsurers expected in the past few years, according to a report published by Standard and Poor's (S&P). 14 September 2016
Driverless cars could cut US insurance premiums, says reportCar insurance premiums in the US can potentially be reduced by 40% by 2050 due to automated vehicles according to a report by Aon Benfield. 13 September 2016
Low coverage from Italy earthquake protects insurers from heavy lossesInsured losses caused by an earthquake in Italy last month will be low, owing to very limited insurance penetration, according to Impact Forecasting, Aon Benfield's catastrophe model development team. 09 September 2016
Seven in 10 travellers happy to buy additional protection against terrorismThere is an increasing need for insurers to let customers get their money back if their travel plans are affected by terrorism, according to International Travel and Healthcare. 26 August 2016
Reinsurers face headwinds from both sides of balance sheets, says S&PGlobal reinsurers are experiencing challenges from both the asset and liability sides of their balance sheets, according to a report published by Standard and Poor's (S&P). 24 August 2016
Brazilian non-life insurance not recovering until 2017, says firmGeneral insurance in Brazil is struggling for growth, with no major recovery expected before 2017 at the earliest, according to a report published by Axco. 22 August 2016
Actuaries urge G20 to phase out fossil fuel subsidiesThe Institute and Faculty of Actuaries (IFoA) today signed the Overseas Development Institutes Statement urging G20 governments to gradually reduce fossil fuel subsidies. 22 August 2016
Economic growth not enough to compensate for climate change damage, research showsGrowth in the economy will not be able to counterbalance the damage caused by the effects of climate change, according to a report published by the Potsdam Institute for Climate Impact Research. 19 August 2016
BIBA says insurance industry success at risk without tariff-free EU tradeInsurance brokers have put the retention of 'passporting' at the top of their list of 11 concerns following the EU referendum. 08 August 2016