Tony Dowding
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Asia
Global economic growth supports premium growth but is slowing, says Swiss Re
Strong global economic growth during the next two years will support global insurance premiums, for both non-life and life, growing…
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CRE Insurance
UK insurers preparing for loss of passporting rights, says Best
UK companies will still be able to underwrite reinsurance business on a cross-border basis post-Brexit in all but a small…
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Captives
Best-rated captives in Bermuda, Cayman Islands and Barbados outperform commercial market
Captives rated by AM Best in Bermuda, the Cayman Islands and Barbados (BCIB) continue to outperform the commercial market in…
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CRE Insurance
Proposed delay in IFRS 17 will give insurers time to prepare
The proposed delay in the implementation deadline of the International Financial Reporting Standard (IFRS 17) to January 2022 from January…
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CRE Insurance
Consorcio de Compensación de Seguros tax information changes in Spain
Major changes in the information required to pay and declare Consorcio de Compensación de Seguros (CCS) taxes in Spain will…
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Analysis & Opinion
Claims Insights – from data to information to action
Data is widely available and easy to access. However, gaining useful, relevant and practical information from that data, and translating…
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Captives
Captive report from Chubb and Clyde & Co highlights emerging global challenges
Captives continue to be a highly effective and versatile alternative and/or complement to traditional risk transfer options, covering a much…
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CRE Insurance
IFRS 17 standard start date delayed
Following widespread calls for more time to prepare for the implementation of IFRS 17, the International Accounting Standards Board (IASB)…
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CRE Legal Regulation
IAIS re-elects chair and approves supervisory papers at AGM
The International Association of Insurance Supervisors (IAIS) has re-elected the Bank of England’s Dr Victoria Saporta as chair, at the…
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Analysis & Opinion
Captives preparing to write more as hard market beckons
The majority of risk managers and captive owners surveyed by Commercial Risk believe a hard market is on its way,…
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Global Risk Manager
Caribbean insurers facing increased reinsurance costs, says Best
Reinsurance costs for property/casualty insurance companies in the Caribbean have increased in 2018, according to AM Best, and further increases…
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Captives
Strong balance sheets for AM Best-rated European captives
European captives rated by AM Best have the highest levels of balance sheet strength assessment and their ratings have been…
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CRE Legal Regulation
US insurance association has significant concerns over ComFrame and ICS
The Property Casualty Insurers Association of America (PCI) has “significant concerns” about two International Association of Insurance Supervisors (IAIS) proposals:…
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Climate Change
Verisk report examines evolving environmental and technological risks
Data analytics provider Verisk has released a study examining the significant risks and trends that could seriously impact the businesses…
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CRE Legal Regulation
IAIS to focus on good supervisory practices rather than rule-setting
The International Association of Insurance Supervisors (IAIS) says that 2019 will be a watershed year for the association, setting out…
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Asia
Slower growth predicted for Korean insurance sector in 2019
The growth of the insurance industry in Korea is being driven down by a slowing economy and increasing market maturity,…
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CRE Insurance
Immediate action needed to ensure service continuity post-Brexit, says EIOPA
The European Insurance and Occupational Pensions Authority (EIOPA) has called for immediate action from a large number of UK insurance…
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CRE Insurance
Insurance Europe welcomes IAIS ComFrame changes but calls for more guidance
The International Association of Insurance Supervisors (IAIS) has announced changes to its proposals for a Common Framework (ComFrame) for the…
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Analysis & Opinion
A sea change: how technology is revolutionising risk management in the marine cargo industry
When goods are being transported, by land, sea or air, there are physical damage risks along the way. Goods can…
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Asia
Stable outlook for non-life insurance sector in Japan and South Korea – AM Best
AM Best has a stable outlook on Japan and South Korea’s non-life insurance sectors, despite the elevated risks of catastrophe…