Rachel Turk

In this speech, Vicky White highlights new innovations in the UK life insurance sector, focusing on Funded Reinsurance and capital in the Bulk Purchase Annuities market. She outlines how the Prudential Regulation Authority (PRA) aims to balance the risks that some forms of innovation might bring, while facilitating ways in which alternative long-term capital options could safely support the market. Read her speech here: https://lnkd.in/e_RzHKCF

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In a recent Insurance Post article, Joe Brace, Operations Director at the LMA, has called for shared standards, more collaboration and experimentation with data and artificial intelligence (AI) to move the market forward. Joe discussed his focus on aligning operational priorities, building trust and exploring opportunities for collaboration with the Lloyd’s managing agent community. Read the full article here: https://lnkd.in/eKPewZ7Z #BlueprintTwo #Operations #LMA #Data #AI

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🚨 Breaking new ground in risk & resilience 🚨 Willis is proud to launch a market‑first parametric insurance policy that gets triggered not by the physical damage from extreme weather, but by red weather warnings issued by Met Office or Met Éireann. Learn more > https://ow.ly/9vR250X6b1b 🔍 Key highlights: • If a red warning is issued (for e.g. extreme wind, heavy rain, snow or ice), the policy automatically activates—even before the weather event materialises. • The insured receives a pre‑agreed payout to cover lost revenue or operational costs, even if the forecasted extreme weather doesn’t fully manifest. • This solves a common protection gap: traditional policies don’t account for precautionary costs (like shutting down operations in advance). • Developed in collaboration with Swiss Re Corporate Solutions, this policy offers transparency, fast settlement, and flexibility in how proceeds are used. As Claire Wilkinson (MD, Alternative Risk Transfer Solutions, Willis) puts it: “By triggering the parametric policy on the forecast rather than the event, the insured receives … cover … even if the event does not manifest itself as was forecast.” For sectors like hospitality, where cancellations and early closures from weather alerts are costly, this is a game changer. Get in contact with us today to learn more about this solution. #WeatherWarning #Risk #Insurance #Willis #Innovation #Parametric

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Zurich Insurance saw new business for its UK regional business increase 20% in the first half of the year, but the insurer’s head of retail commercial Morgan Lyons believes it can boost that further, despite competitive market conditions. https://hubs.li/Q03yHWCh0

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The life insurance industry faces complex challenges that demand actuarial expertise. As highlighted in Martin Considine's article, three issues dominated discussions at our recent Appointed Actuaries Forum. • IDII sustainability remains elusive. Despite extensive work by the Contract Terms Working Group, no solution has yet earned the "green light" under customer-centricity principles. The search continues for an approach that maintains insurable interest whilst delivering sustainable premiums. • Financial advice reform is gaining momentum. The Help, Guidance and Advice framework under DBFO could transform outcomes for the 85% of Australians currently without advice. However, guidance appears underdeveloped, and superannuation funds hold the key to success. • Genetics regulation brings new complexities. The Government's total ban on using adverse genetic testing results will reshape underwriting practices. The real question now is how we measure effectiveness when the ban limits data collection for future reviews. For Appointed Actuaries and life insurance professionals, these insights from industry leaders provide essential context for navigating an evolving regulatory environment. Read the full Forum summary on Actuaries Digital: https://lnkd.in/gU-nagjH #actuaries #lifeinsurance #appointedactuary #IDII #financialadvice #genetics #regulation

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Our CUO, Paul Bantick, spoke to Insurance Business America about our latest Risk & Resilience research, why now is the time to invest in resilience, and the critical role insurance plays in helping businesses stay prepared in a changing risk landscape. 🔗 https://ow.ly/fuvc50WtF1g

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AMBREY – COMPANY NEWS The Global Operations Centre (GOC) has recently completed several internal collaboration visits with Ambrey’s insurance division, including a tour of Lloyd’s of London. These visits have provided the GOC team with a broader understanding of its own role within the wider organisation and how it supports Ambrey’s overall operations. The engagements offered insight into Ambrey Global Specialty (AGS) and highlighted how the GOC’s work enables AGS to take a data-driven, holistic approach to insurance, utilising tools such as Asset Screening Assessments (ASA) and our Guardian services. During the visit, AGS Managing Director Nick Maddalena outlined the insurance team’s responsibilities in managing group insurance matters and the operations of Ambrey Global Specialty, our Marine War MGA. He commented: “The visits we have hosted are extremely valuable – Guardian is warranted in all our policies, and it’s great to be able to provide an insight into how we manage Ambrey’s insurance business.” Each visit concluded with a trip to the Bank of England Museum, where the teams had the unique opportunity to hold a gold bar valued at approximately one million pounds. For more information about our services: 🔗 AMBREY > > > https://ambrey.com - For Every Seafarer, Every Vessel, Everywhere #EnablingGlobalTrade #MaritimeSecurity #MaritimeSafety #RiskManagement #Shipping

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