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Article
Roundtable: Life insurer ALM – Summer 2024
24 July 2024 - by Peter Lin, John Jenkins, Florin Ginghina, Russell Ward, William Smith
We summarise key points from a recent panel of senior ALM professionals representing a range of UK-based life insurance firms.
Article
PRA PS10/24 – Review of Solvency II: Reform of the matching adjustment
10 July 2024 - by Florin Ginghina, John Jenkins, William Smith, Russell Ward, Lyndsay Wrobel
We give key insights on the UK’s PS10/24, which includes reforms to the Matching Adjustment, much of which is beneficial to insurers and policyholders.
Article
Complex bulk purchase annuity deal features
25 June 2024 - by Florin Ginghina, Matthew Ford, Jessica Crowson
With bulk purchase annuity transactions, insurers must carry out thorough due diligence and determine their risk appetite for deals with unusual features.
Article
2024 Illiquid Asset Survey
20 May 2024 - by Matthew Ford, Florin Ginghina, Russell Ward
We share findings from our 2024 Illiquid Asset Survey, which covers U.K. insurers in the bulk purchase annuity sector as they adapt approaches to solvency reform.
Article
UK bulk annuity insurers’ 2023 results: Key themes arising
23 April 2024 - by Jessica Crowson, Florin Ginghina, Matthew Ford
We offer some themes and insights from SFCR filings by UK bulk annuity insurers for year-end 2023, such as record premium volumes and careful capital deployment.
Article
Review of Solvency II update: Policy Statements 2/24 and 3/24
06 March 2024 - by Tatiana Egoshina, Florin Ginghina
In February 2024, the Prudential Regulation Authority (PRA) published the first two sets of rules expected to be published during 2024 as part of its ongoing Solvency II review.
Article
CP19/23 – Review of Solvency II: Reform of the Matching Adjustment
16 October 2023 - by Claire Booth, Robert Bugg, Neil Christy, Jessica Crowson, Florin Ginghina, Dilesh Patel, Lyndsay Wrobel
Prudential Regulation Authority's CP19/23 proposes a substantial package of reforms to the matching adjustment, changes whose aggregate impact will take time to become clear.
Article
2023 Illiquid Asset Survey
20 July 2023 - by Russell Ward, Florin Ginghina
We present key observations from Milliman’s 2023 Illiquid Asset Survey, covering areas such as origination, valuation, Solvency II reform, and market conditions.
Article
CP12/23 – Review of Solvency II: Adapting to the UK insurance market
07 July 2023 - by Dilesh Patel, Florin Ginghina, Sarah Walker
We summarize the main takeaways from the key changes in CP12/23, the first set of proposed reforms to Solvency II in the UK.
Article
Climate change and credit risk
28 February 2023 - by Florin Ginghina, James Wilkie
Financial risks arising from climate change pose unique and significant challenges for portfolio management