All articles by Ronan Mccaughey

Global trends in the cyber insurance and cyber-risk market

The rising number of cyber-crime incidents is making it difficult for businesses and insurers to ignore the high cost of data breaches. Life Insurance International presents data and findings from an insight report, The Future of Cyber Risk Insurance, which is available at Timetric’s Insurance Intelligence Center

Japan’s Sony Life to open representative office in Singapore

Tokyo-based Sony Life Insurance, a wholly owned life insurance subsidiary of Sony Financial Holdings, has decided to open a representative office in Singapore.

UK health insurance costs among highest in Europe

UK health insurance costs are anticipated to grow by 6.5% in 2016 – the largest increase in five years – according to Willis Towers Watson’s 2016 Global Medical Trends report.

Guardian launches voluntary permanent life insurance offering

Mutual life insurer, the Guardian Life Insurance Company of America (Guardian), has added workplace voluntary permanent life insurance to its product offerings.

LII Insurance Innovation Tracker: Survival Of The Fittest

The digital revolution, increasing consumer expectations and the growth of FinTech startups mean the appetite for insurance innovation is higher than it has ever been.

Rapid strides in data analytics and significant regulatory change also mean sticking with the status quo is not an option for life and health insurance players worldwide.

Given these market forces, Life Insurance International (LII) has created the LII Insurance Innovation Tracker to independently evaluate, score and profile the world’s leading life and health insurance innovations. The list of innovation profiles will be built up over the coming weeks.

Running the rule over China’s C-ROSS solvency regime

Benjamin Chen, deputy general manager of life insurance consulting, at Willis Towers Watson China, analyses the impact of the China Risk Oriented Solvency System (C-ROSS) and the challenges it is posing insurers.

Demand for robo-advice is on the rise in the UK

Demand for robo-advice in financial services is increasing and 40% of Britain’s wealthiest households like the idea compared to a national average of just 18%, according to a new report.

US insurance dept launches lost life policy locator service

The New Hampshire Insurance Department in the US has created a lost life policy locator service to assist residents and their families in locating life policies and annuity contracts that have been purchased in the state.

Pacific Life Re appoints Darren Spriggs as MD for European business

Pacific Life Re has appointed former AIG Life MD, Darren Spriggs, as managing director of its Europe business unit.

Insurance Europe warns of misunderstanding over Solvency II liabilities

Insurance Europe, the European insurance and reinsurance federation, has warned there
seems to be a misunderstanding over how Solvency II liabilities are currently calculated, including the discount rates.