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The Actuary September 2016

Issue date: September 2016

In this issue...

2

US and Caribbean hurricanes could result in $145bn of insured losses

The combined insured losses incurred from Hurricane Maria, Irma, and Harvey, could reach up to $145bn (£108bn), according to estimates from catastrophe modeling firm AIR Worldwide.
Tuesday 26th September 2017
Open-access content
head

DC savers sleepwalking into a pensions black hole

Savers relying on a defined contribution pension are “sleepwalking” into a pensions black hole, claims a leading asset manager.
Thursday 29th September 2016
Open-access content
2

Don't increase motor insurance in Autumn Statement, says RAC

The RAC has joined those calling on the Chancellor not to increase IPT in his Autumn Statement this November.
Thursday 29th September 2016
Open-access content
2

Investors to get more help with saving and investing

Hargreaves Lansdown has welcomed proposals from the Treasury this week aimed at making it simpler and cheaper for consumers to get help, guidance and advice with their savings and investments.
Thursday 29th September 2016
Open-access content
2

Record scheme membership can't solve pensions crisis says Hargreaves Lansdown

The record level of UK pension membership revealed this week will not solve the nation’s pensions crisis, claims financial adviser Hargreaves Lansdown.
Tuesday 27th September 2016
Open-access content
2

Size doesn't matter

Pamela Hellig argues that when it comes to managing their balance sheet, insurers would benefit from considering those seemingly insignificant balance sheet risks that are capital intensive
Monday 26th September 2016
Open-access content
2

People living longer in poor health poses biggest threat to NHS sustainability says IFoA

The Institute and Faculty of Actuaries (IFoA) has responded to the House of Lord’s Select Committee on the sustainability of the NHS with a series of suggestions including looking at raising the state pension age and making better use of telehealth and wearable technologies.
Monday 26th September 2016
Open-access content
2

AA warns Chancellor against new IPT hike

The AA is urging the Chancellor not to raise insurance premium tax in his Autumn Statement in late November, saying it would lead to a spike in uninsured motoring as well as “piling more misery on drivers and householders”.
Monday 26th September 2016
Open-access content
2

We must improve business integrity says Financial Reporting Council chair

Companies must improve the integrity of their organisational culture before they can win back broad support from society, business leaders were warned this week.
Thursday 22nd September 2016
Open-access content
2

London Market Group sets out growth manifesto  

The London Market Group (LMG), has released a manifesto for growth and modernisation to respond to the challenges of a changing global re/insurance market.
Thursday 22nd September 2016
Open-access content

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