Volatility remains the top concern of insurance CIOs, according to a poll taken at the recent Insurance Investment Exchange seminar on 7th March entitled ‘Quo Vadis: understanding and managing the macroeconomic environment for insurers’.
News & Commentary
This week, information technology was in the spotlight. A Fitch report highlighted that harnessing "big data" is proving essential for insurers seeking to maintain and increase market share and profitability.
Phoenix Group is eyeing further acquisitions after Abbey Life and Axa Wealth added £22bn ($27.3bn, €25.4bn) in assets under management and more than 1.6 million policies to the life company consolidator’s books in 2016.
Italian insurer Generali Group described its 2016 results as “excellent”, benefitting from “very strong net inflows” in its Life segment, an earlier cost cutting exercise, and a change in the product mix of its domestic business.
We may have a climate change sceptic in the White House who threatens to pull the United States out of the hard-won accord signed in Paris in December 2015
This week, the International Association of Insurance Supervisors (IAIS) launched a major consultation package covering proposed revisions to a number of IAIS Insurance Core Principles and ComFrame-related material, in addition to an Application Paper on Group Corporate Governance.