Ernst & Young (EY)

Latest Features

Worst-case scenario fails to materialise, but challenges remain for EC3.
The legacy sector is increasingly becoming an integral part of the wider re/insurance market, and IRLA is seeing a membership boost as a result, as two of its directors explain.
With Brexit preparations across the insurance industry in top gear since last year, a sector expert highlights an exposure risk that is worth revisiting.
The re/insurance industry holds high expectations for blockchain technology as an opportunity to increase efficiency of insurance processes, and the future is beginning to take shape with the launch of new platforms and products. Intelligent Insurer reports.
Amid the rapid growth of the run-off market and its changing nature in recent years, some industry practitioners like to predict what the future may hold for the development of this sector. We collated some of these predictions for 2017.
As rates remain low and cedants have increased retentions, reinsurers are looking to new markets in order to grow. James Votta, principal, Insurance and Actuarial Advisory Services at EY gives an overview of the reinsurance market and explains why certain lines are experiencing higher volumes of interest.
Cyber risks are no different from any other hazard in terms of risk management and risk transfer. However, IT departments, even with the best of intentions, can increase cyber risk by their strategies. Shaun Crawford, global insurance leader, EY shares some of the findings in the company’s latest cyber research and explains why accurate reinsurance optimisation is key.
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14 October 2020   The company had been adversely affected by an unprecedented set of claims that ultimately affected its solvency position.
1 October 2020   New CyberStrong platform also supports cybersecurity compliance.
18 May 2020   Analysis reveals no sector has been immune and even the most diversified portfolios are showing signs of distress.
20 January 2020   The focus has moved to securing a strong future trading relationship.
19 December 2019   Insurers must focus on meaningful digital transformation.
6 December 2019   Insurers need to consider repositioning themselves as technology firms – EY.
19 September 2019   As the number of financial services jobs and assets being relocated from the UK eases off, EY has suggested that this shows the sector is ready for Brexit.
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