Quarterly insights for the UK Insurance & financial services market
Current Issues in Insurance & Financial Services – Winter 2022
10 Feb 2023
In this latest edition of current issues, we bring you the latest insights into the UK insurance and financial services market including:
- Our recent Hymans Robertson On....Understanding Longevity podcast
- A discussion of why post-pandemic UK mortality rates continue to be high and the potential outlook for insurers
- A first look at the topics for our 8th Annual Insurance & Financial Services Scotland Seminar
- Our views on the recent PRA "Dear CEO" publication regarding its 2023 priorities
The bumpy path to net-zero
Firms are increasingly publishing disclosures aligned to the recommendations from the Taskforce for Climate related Financial Disclosures – either by choice or to comply with mandatory disclosure requirements. Our blog discusses the challenges financial services face when navigating the route to net zero.
Understanding Longevity - Longevity Inequality
In this episode of Hymans Robertson on... Understanding Longevity, Ben Johnson and Hande Love are joined by two special guests to discuss collaboration between actuaries and researchers on understanding longevity inequality.
We discuss how research has helped highlight some of the factors contributing to this inequality and the secrets of a successful partnership between industry and academia.
Post-Pandemic Problems: Why does UK mortality continue to be high?
The Office for National Statistics recently published data on registered deaths in England & Wales for the last week of 2022. This data confirmed that mortality has not yet reverted to pre-pandemic levels. In this blog we explore what is driving increased deaths and consider the mortality outlook for the future.
Net-Zero Insurance Alliance Target-Setting Protocol
In January 2023, the UN-convened Net-Zero Insurance Alliance released their Target-Setting Protocol, bringing with it significant implications for financial institutions. In this blog we discuss what this means for general insurers and reinsurance companies.
PRA Insurance Supervision: 2023 Priorities
On Tuesday 10 January 2023, the Prudential Regulatory Authority published its “Dear CEO” letter setting out its 2023 priorities for insurance supervision. In this newsflash we give our views on what this means for insurers.
Consumer Duty: What it means for with-profits
The Financial Conduct Authority's new Customer Duty requirement for firms to “act to deliver good outcomes” arguably goes further than the previous aim of treating customer fairly. In this blog, we look at different aspects of the new Duty and discuss how they might apply specifically to with-profits business.
Save the date: Annual Insurance & Finacial Services Scotland Seminar
We are pleased to invite you to save the date for our 8th Annual Insurance & Financial Services Seminar. Topics we will discuss on the day include:
- Longevity: what will drive changes to assumptions over the next decade
- Consumer Duty: building good outcomes for insurance and with-profits customers
- Illiquid Assets: a panel discussion on the future of this important asset class
Agenda:
4.00 – 4.30: Registration and refreshments
4.30 – 6.15: Seminar
6.15 – 7.30: Networking with drinks and canapes
Please join us from 4.00 pm on Thursday 30 March at the Kimpton Hotel, Edinburgh.
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