EY

EY continues insurance expansion with dual partner hire

EY has continued to grow its insurance business with the appointments of Elizabeth Armstrong and Aran Mustafa as partners.

EY: Risk pools and PPPs needed to realise $1trn+ protection gap opportunity

Closing the protection gap represents a $1trn+ opportunity for the insurance industry to generate greater revenue and exercise innovation across products, underwriting models and distribution channels, according to EY.

EY: Premium income growth forecast to slow to 1.5% in 2023

UK insurers are set to experience low premium income growth in 2023 as rising interest rates and a generally deteriorating economic landscape detrimentally impact both pricing and demand, according to EY Item Club’s financial services outlook.

Four consumer trends shaping the future of commercial insurance

EY’s Chris Raimondo highlights the four major forces reshaping the P&C marketplace…

Seizing the growth opportunity: four key focus areas for insurers

Simon Burtwell examines four key areas of focus if insurers are to enjoy a new era of growth and innovation…

How reinsurers can spark profitable growth through advanced connectivity

EY’s Sophia Yen and David Connolly highlight the need for a technology upgrade in the race to the top…

Aspen appoints EY to replace KPMG as auditor after identifying weaknesses in internal controls

Bermuda (re)insurer Aspen Insurance Group has appointed EY to replace KPMG as its new auditor after the Bermudian (re)insurer discovered ”material weaknesses” in its internal controls over financial reporting.

Argo auditor EY resigns with KPMG lined up as replacement

Argo has appointed KPMG as its public accountancy firm following EY’s resignation from the role, a move that follows the filing of the Bermudian insurer’s 10-K being delayed for both the 2021 and 2020 years.

EY’s Santenac: Sector “ready and willing” to act on sustainability transition

The global (re)insurance industry has sent a clear message that it is both ready and willing to redirect capital to aid the transition towards net zero but concerns over adequate returns may slow progress, according to EY’s global insurance leader Isabelle Santenac.

EY: UK remains Europe’s most attractive destination for financial services investment

The UK remains Europe’s most attractive destination for foreign direct investment (FDI) in financial services, but the gap between it and France has narrowed, according to EY.

Shaping a more sustainable future

EY’s Isabelle Santenac sets out how the industry can take a bolder role in developing protective measures and preventive capabilities against climate change.

Change agents

EY’s Simon Burtwell on how a new and more dynamic value exchange will fuel growth in large commercial and reinsurance business.

Winning tomorrow in an ever-evolving industry

EY’s Isabelle Santenac identifies seven business models that will define the future for the (re)insurance sector.

Lloyd’s CEO: Covid-19 was wake-up call for non-damage BI opportunity

Covid-19 has served as a wake-up call for the opportunities presented by non-damage business interruption insurance, according to Lloyd’s CEO John Neal.

Swiss Re’s Ojeisekhoba: Pandemic risks require standardised wordings to remove ambiguity

Standardised wordings are required for pandemic risks to reduce the potential for the type of disputes which have dented the insurance industry’s reputation in its response to Covid-19, according to Swiss Re’s reinsurance CEO Moses Ojeisekhoba.

Data quality crucial to the success of insurance blockchain platforms

The insurance market needs to place more emphasis on improving the quality of its data if blockchain technology is to continue to succeed in the sector, a panel of industry executives has said.

Insurwave to reduce operational costs by 25%

Insurwave, the marine blockchain platform launched by EY and Guardtime in May 2018, is already starting to bring “material” cost savings to its users, according to its chief commercial officer Stefan Schrijnen.

Lloyd’s confirms Sansom in CRO role; “People officer” Andrews exits

Lloyd’s, which today reported a pre-tax profit of £2.3bn in H1 2018, has appointed David Sansom as its new Chief Risk Officer (CRO), subject to regulatory approval.

Revolutionary marine insurtech has arrived

Combining the power of blockchain and artificial intelligence has the potential to reinvent the risk-transfer process for marine insurance buyers, brokers, and underwriters, Ian Meadows, associate partner of insurance at EY London tells The Insurer.