Brexit bigger risk than IFRS 17 & more…Keep up to date with the latest insurance and business news in our weekly round-up…

Brexit ranked a bigger solvency risk than IFRS 17

Non-life insurers across the UK and Ireland think that Brexit poses a bigger risk to their solvency than IFRS 17, an annual survey by LCP has uncovered.

Boeing recovered $500m from insurers due to fleet suspension

US aircraft manufacturer Boeing has disclosed that it recovered $500 million from its re/insurance program during the second quarter of 2019 for losses related to the grounding of its 737 MAX fleet.

Willis Towers Watson: Insurtech investment is still ‘buoyant’ in Q2

The latest report from Willis Towers Watson (WTW) found that investment in insurance tech – insurtech – companies for the second quarter of 2019 remains at high levels.

Chartered Insurance Institute urges insurers to act now against unfair pricing

The Chartered Insurance Institute wants no time wasted in addressing concerns surrounding pricing practices.

Insurers voice disappointment as UK changes personal injury discount rate

The insurance sector blasted the government today as it revealed plans to change the discount rate used to determine insurance payments for serious injuries in accidents from minus 0.75% to minus 0.25%.

CII and the University of the West of England launch post grad qualification

The University of the West of England (UWE Bristol) and the Chartered Insurance Institute (CII) have started a post graduate MSC Risk Management and Insurance course, which will be offered from next January.