Experience
Publications
Read their latest work
Article
Analysing 2023 Solvency and Financial Condition Reports (SFCR) of non-life insurers in Europe and the UK
10 October 2024 - by Veekash Badal, Ian Penfold, Vidyut Vardhan
European non-life insurers for 2023 reported 6% higher gross written premiums, among other developments, according to our year-end analysis.
Article
What is the metaverse and how could it transform the insurance industry?
24 July 2024 - by Claire Booth, Ian Penfold, Monique Mahabir
In this paper we consider potential ways in which insurers could use the metaverse, and the challenges and risks associated with adoption of this new virtual world within the industry.
Article
Analysing 2023 Solvency and Financial Condition Reports (SFCR) of non-life insurers in the UK and Gibraltar
18 July 2024 - by Derek Newton, Ian Penfold
For non-life insurers in the UK, motor vehicle liability and assistance lines helped drive operating margins down to -0.6% in 2023, from 0.4% in 2022.
Article
Extreme weather in Europe 2023
09 April 2024 - by Anandi Shah, Mohamed Benkhalfa, Ian Penfold, Francesco Pugassi, Menno van Wijk, Niccolò Basetti Sani Vettori, Antoine Rainaud, José Silveiro, Diana Dodu, Valerie Lampert, Laura Witting, Monika Lis, Arije Amara
Analysing the impact of droughts, floods, and other 2023 extreme weather events in Europe to help insurers manage the risks posed by climate change.
Article
Analysis of non-life insurers' Solvency and Financial Condition Reports: European non-life insurers year-end 2022
19 September 2023 - by Derek Newton, Ian Penfold, Vidyut Vardhan
Our analysis of European non-life insurers, based on SFCRs for year-end 2022 reporting, reveals that performance varied across countries and lines of business.
Article
Driving for profit: A view of the UK motor insurance market 2022
05 September 2023 - by Derek Newton, Ian Penfold, Joshua Flack, Paige Yallop
Data from 39 motor insurers in the UK shows slightly higher premiums and gross claims costs for 2022, according to Solvency II reports.
Article
Analysis of non-life insurers' Solvency and Financial Condition Reports: United Kingdom and Gibraltar non-life insurers Year-end 2022
19 July 2023 - by Derek Newton, Ian Penfold, Vidyut Vardhan
As the UK entered a high inflationary environment in 2022, non-life insurers reported an aggregate operating margin of 0.6%, down from 2.1% a year earlier.
Article
Extreme weather events in Europe for 2022 and beyond
14 March 2023 - by Tarik Aouragh, Niccolò Basetti Sani Vettori, Mohamed Benkhalfa, Christoph Krischanitz, Ian Penfold, Eugenio Portales, Antoine Rainaud, Giuseppe Semeraro, Anandi Shah, José Silveiro, Martijn van Rooijen, Menno van Wijk
Our annual report highlights the specific toll on the insurance industry, which faced a record number of claims and higher repair costs amid rising inflation.
Article
Current trends in climate-related disclosures
25 January 2023 - by Milan Desai, John Gakuya, Amy Nicholson, Ian Penfold, Gibson Thuita
Despite progress by the insurance sector to produce climate-related disclosures, gaps and challenges remain, with some firms only in the early stages.
Article
Climate change risk stress and scenario testing
15 December 2022 - by Claire Booth, Adél Drew, Amy Nicholson, Ian Penfold
We provide guidance for firms looking to incorporate stress and scenario testing for climate change related risks into their risk management frameworks.