22nd May 2022

Newslink Global Insurance Trends-Editor's Weekly Highlights
Trend

This week, volunteers who lead the Chartered Insurance Institute(CII)’s 56 Local Institutes, 26 Personal Finance Society(PFS)’s regional committees and five membership societies met at the Ambassadors in Action conference in Birmingham to reflect on their shared purpose and good practice in supporting members. The Geneva Association released a research report-"Financial Wellbeing: Is it the key to reinventing life insurance?", and Insurance Europe published its response to a consultation by the European Commission(EC) on its proposal for the Data Act.
FRISS announced that its Accelerator for Underwriting Risk Assessment was now available in Guidewire Marketplace, whilst Guidewire reported the release of Elysian, the latest in a series of market-defining cloud releases. Real Vida Seguros and Munich Re joined forces in a digital Life insurance underwriting project. Verisk Specialty Business Solutions announced the addition of Arch Insurance International to its ‘Sequel6’ collaboration with market-leading Lloyd’s insurers. RMS launched a new cloud-based application UnderwriteIQ and also announced it will be releasing four new High Definition(HD) models, including Europe Windstorm, North America Winterstorm(WT), North America Severe Convective Storm(SCS), and Terrorism. In the US, Sentry signed with Praedicat to get early warning of systemic casualty risk. WTW announced the launch of the newest version of its Radar pricing software, and MSIG Asia selected Clearwater Analytics for investment analytics and investment reporting.
Allianz reported the resolution of US governmental investigations concerning Structured Alpha, and became the majority shareholder in Jubilee General Insurance Company of Tanzania. SCOR announced further steps to fighting climate change at its AGM. Financials included those from Aviva, Talanx; Convex, IGI, PartnerRe; and Ardonagh. There were senior appointments at Catalina and SiriusPoint.


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