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The Actuary July 2016

Issue date: July 2016

In this issue...

2

General insurers need thorough review on capital extraction when firms run-off, says PRA

Senior management and boards of non-life firms who run-off need to assess carefully the level of capital required to ensure they can do so “in an orderly fashion”, the Prudential Regulatory Authority (PRA) has said.
Friday 29th July 2016
Open-access content
2

Sports-related brain injuries 'top UK and US emerging claims', says S&P

Brain injuries caused by sports activities are one of the top emerging insurance claims in the US and the UK, according to a report published by S&P Global.
Friday 29th July 2016
Open-access content

Insurers and charities join forces to tackle HIV misconceptions

The Association of British Insurers (ABI) has produced a guide to raise consumer awareness that life insurance products are available to those living with HIV.
Thursday 28th July 2016
Open-access content
Gabriel Bernardino, chairman of EIOPA © EIOPA

EIOPA and international insurance supervisors vow to learn from each other

The International Association of Insurance Supervisors (IAIS) today announced its agreement with the European Insurance and Occupational Pensions Authority (EIOPA) to better understand supervisory approaches.
Thursday 28th July 2016
Open-access content
2

Average LGBT life insurance sum assured exceeds £170,000

The average amount a life assurance policy guarantees to pay up for lesbians, gay men, bisexuals and transgender people (LGBT) now stands at £176,695, according to a survey by insurer Compass.
Wednesday 27th July 2016
Open-access content
hbos

FCA to face possible restructure following HBOS failure

MPs are calling for a breakup in the structure of the Financial Conduct Authority (FCA) and proposing a case for a new enforcement body, the Treasury Select Committee has said in a report.
Wednesday 27th July 2016
Open-access content
2

Investors should monitor environmental risks of infrastructure projects, say brokers

Investors and stakeholders should assess and manage environmental risks when undertaking initial appraisals during the construction, operation, and maintenance of infrastructure projects, according to insurance broking firm, Marsh.
Tuesday 26th July 2016
Open-access content
Clear piggybank

MPs concerned over impact of Lifetime ISA on auto-enrolment

Members of the Work and Pensions Committee remain concerned about whether the Lifetime ISA (LISA) could undermine pensions, according to their report.
Tuesday 26th July 2016
Open-access content
Glassball

General insurers and brokers not doing enough to track appointed representatives, says FCA

The Financial Conduct authority has voiced concerns over ways in which non-life firms and intermediaries manage and monitor appointed representatives (ARs).
Monday 25th July 2016
Open-access content
BHS store

MPs call for better regulation for pensions after BHS collapse

Further regulatory frameworks are needed to ensure sponsoring employers do not evade pension responsibilities, MPs said today in a report.
Monday 25th July 2016
Open-access content

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