Profession

Most financial firms unprepared for LIBOR transitionLess than half of financial services firms are confident about transitioning away from the London Interbank Offered Rate (LIBOR) by the end of 2021, a global survey has uncovered. 17 September 2019
European insurers call for further IFRS 17 changesEurope's largest insurance companies have urged the International Accounting Standards Board (IASB) to publish further amendments to IFRS 17. 16 September 2019
Half of DC pensions to add ESG focus to their default investment strategiesHalf of defined contribution (DC) pension schemes in the UK plan to include or continue an environment, social and governance (ESG) focus in their default investment strategy. 12 September 2019
Record InsurTech investment forecastInsurance technology firms attracted $3bn (£2.4bn) of investment in the first half of 2019 worldwide, and are forecast to receive a record $6bn by the end of the year. 11 September 2019
Over-60s lose almost £2bn through pension opt-outsBritish adults aged 60 and over could be missing out on nearly £2bn in retirement savings by opting out of workplace pensions early, a new study has found. 11 September 2019
Widespread pension confusion among UK public uncoveredThe majority of UK workers think pensions are confusing and don't know how much to save, according to a new study, with much of the blame levelled at employers. 10 September 2019
Climate change ranked the top extreme risk for investorsGlobal temperature change is the number one extreme risk to economic growth and asset returns for investors, a new ranking by the Thinking Ahead Institute has suggested. 09 September 2019
Global reinsurance capital rises 8%Total capital dedicated to the global reinsurance industry has risen by 8% since the end of last year thanks to strong investment markets, data from Willis Re has revealed. 09 September 2019
Driverless vehicles could see most motor insurance premiums disappearThe adoption of driverless vehicles could see up to three in five motor insurance premiums vanish worldwide, a study by global law firm Kennedys has suggested. 04 September 2019
Insurers urged to offer on-demand policies as InsurTech funding soarsInsurance firms can no longer rely on their brand names to retain customers and should offer instant, flexible and digital quotes, a leading data analytics company has said. 03 September 2019