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The Actuary The magazine of the Institute & Faculty of Actuaries
Thursday 19 September 2019
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News

  • web_automated_car_iStock-600403094.png Two in five drivers unaware of telematics insurance savingsMore than two out of five UK drivers are unaware that they could save money by switching to telematics-based car insurance, a YouGov survey has uncovered. 19 August 2019
  • Huge variations across sectors ©iStock Pension contributions ranked by sectorFinancial services provide their employees with higher pension contributions as a percentage of salaries than any other sector, a new study of UK industries has revealed. 16 August 2019
  • UK attracts high investment ©iStock UK FinTech investment nearly doublesThe first six months of this year saw UK FinTech companies attract nearly double the investment they did over the same period in 2018, although funding declined sharply worldwide. 15 August 2019
  • Many schemes running an accounting surplus ©iStock FTSE 350 pension deficits plummetThe UK's largest listed companies have seen their pension deficits fall by almost a third over the last year, with nearly half of schemes now running a surplus. 14 August 2019
  • Buyouts continue at "frenetic pace" ©Shutterstock Pension buyouts hit record highUK pension schemes recently completed their busiest ever 12-month period for buy-ins and buyouts, data from Lane Clark & Peacock (LCP) has revealed. 13 August 2019
  • web_AI_iStock-1130152320.png AI insurance premiums to soar by 2024Artificial intelligence (AI) will help underwrite $20bn (£17bn) worth of insurance premiums by 2024, a more than fifteen-fold increase on the £1.3bn forecast for this year. 12 August 2019
  • cyber-insurance-iStock-186666940.jpg Cyber insurance payout rate hits 99%A whopping 99% of claims made on cyber insurance policies were paid out in the UK last year, according to research by the Association of British Insurers (ABI). 09 August 2019
  • Prices rise but market capacity "remains stable" ©iStock Global insurance prices rise againGlobal commercial insurance prices increased more in the last quarter than in any other three month-period over the last seven years, new data from Marsh has revealed. 08 August 2019
  • web_HSBC_iStock-157728883.png HSBC completes £7bn risk transferHSBC's UK pension scheme has completed a £7bn longevity risk transfer with the Prudential Insurance Company of America (PICA), covering half of the bank's pensioner liabilities. 06 August 2019
  • Pension savers "overcharged"  ©iStock MPs slam pension industry for 'ripping off' saversThe UK government should force pension schemes to be more transparent about investment costs and how much they charge savers, MPs have recommended today. 05 August 2019
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