26 April 2023
5 min
Global Head of Insurance and Financial Services
In this latest edition of current issues, we bring you insights into the UK insurance and financial services market including:
Our latest whitepaper which focuses on consumer attitudes towards climate-friendly investments.
Our recent Hymans Robertson On...Understanding Longevity podcast.
A look at the latest on Consumer Duty.
A save the date for our annual Insurance and Financial Services networking reception.
Consumers believe climate change is a problem and are motivated to choose climate-friendly investments. The financial services industry needs to provide clear information when engaging with consumers, educating them about their options.
Our report looks at how factors such as age, gender and personal savings play a part in attitudes towards climate-friendly investments. It explores the need for investors to engage with consumers to allow them to make clear, informed decisions on climate-friendly investing and overcome the barriers identified in our survey.
Download our report below, where we bring together insights from our consumer research and our industry knowledge.
In this episode of Hymans Robertson on... Understanding Longevity, we are delighted to welcome Daniel Ryan, Managing Director at COIOS Health, who has over 30 years of experience in the insurance sector.
He is joined by Hande Love and Ben Johnson to provide a medical update, with a particular focus on strokes.
A huge amount of information has come from the Financial Conduct Authority (FCA) on Consumer Duty over the past few months as the deadline for open products draws closer.
While the main implementation draws nearer, the deadline for manufacturers to complete their reviews for open products and services is now upon us, needing to be completed by the end of April.
Our article pulls out some of the key messages and themes coming from recent FCA communications for both Life Insurance and General Insurance and considers some examples of how the Duty will apply in each part of the insurance market.
On 24 February 2023, the Bermuda Monetary Authority (“BMA”) published it's consultation on enhancements to the regulatory and supervisory regime for insurers in Bermuda. The main changes, which could be material for some firms, impact life insurers. Read our blog below which discusses the key points and implications.
If you missed our recent Annual Scotland Seminar, or would like a refresher on what we discussed, you can find links to pre-recordings of the first two sessions below.
Longevity: what will drive changes to assumptions over the next decade?
Consumer Duty: building good outcomes for insurance and with-profits customers
In this update, we take a look at the latest changes to the buy-out, buy-in and longevity hedging market.
The total value of buy-out and buy-in deals struck in H2 2022 was around £15.8 billion (around £27.7 billion for the year to 31 December 2022).
Download our half-yearly risk transfer update below, where we discuss the facts and figures of transactions during the second half of 2022 and the year to 31 December 2022. We also share insights on market outlook, pricing and recent developments.
With all the recent buzz around the Artificial Intelligence language model, ChatGPT, the Club Vita team were keen to understand how it might help us understand the world of longevity and what limitations may exist when using such a tool.
Click below to read Club Vita's Erik Pickett "interview" ChatGPT to find out.
We pride ourselves on being thought leaders and are constantly discussing the many issues facing and shaping up our industry. Sign up to find our current thinking on topical issues.
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