Current Issues in Insurance & Financial Services – Summer 2023
27 Jul 2023
In this latest edition of current issues, we bring you insights into the UK insurance and financial services market including:
- Our comments on the recent PRA consultation on Solvency UK reform.
- Our take on the often overlooked social and governance of ESG.
- A look at biodiversity loss, why it matters and what firms can do to address this.
- A save the date for our annual Insurance and Financial Services seminar.
PRA consultation on Solvency UK reform
The first of two PRA consultation papers was published on 29 June 2023, marking the next major milestone in the development of Solvency UK. In this newsflash, we discuss some of the key changes included in the consultation paper and what they might mean for insurers.
Reflecting on investment pathways: 12 months on
In our blog last year, we reflected on the first 18 months of Investment Pathways for drawdown and the areas where things could change to improve outcomes for non-advised consumers further.
12 months on, we share our insights from interactions with providers and an update from the FCA.
ESG: The rise of the underdogs S and G
Why aren't the S & G given the same level of focus and attention as the E during Environment, Social and Governance (“ESG”) discussions?
In this article, we will provide a brief overview of what ESG is, look at why firms should focus on social and governance standards, what that focus might look like, and the possible challenges when embedding social and governance standards.
Understanding the impacts of biodiversity loss
Firms have made significant strides towards disclosing in line with the Taskforce for Climate-related Disclosures (“TCFD”) by the 2025 deadline; but has enough attention been paid to another critical issue – biodiversity loss?
In this article, we define biodiversity, explain why firms should care about it and suggest several steps that firms can take today to address the threat of loss posed by biodiversity.
CMI 2022: What weight works?
Despite daily life returning to some form of normality in 2022, the number of deaths in the UK remains high. This article outlines the challenges of using recent mortality data to set mortality assumptions and explores ways that companies could implement the necessary changes in approach.
"Being Better Stewards" webinar
Watch our webinar on demand, where Simon Jones and Philip Pearson were joined by Scottish Widows' Lauren Peacock to share stewardship best practice hints and tips, to help you better understand:
- How becoming a signatory can improve your stewardship,
- What you need to know before you embark on the process, and
- Practical guidance for stewardship reporting.
Vitamins health: Antimicrobial resistance - AI to the rescue?
Antimicrobial resistance remains in the World Health Organization’s (WHO) top 10 global public health threats facing humanity. In this blog Erik Pickett explores whether AI may help us in dealing with this existential risk.
Save the date: Insurance and Financial Services annual seminar 2023
We're pleased to invite you to save the date for our Insurance & Financial Services Annual Seminar.
We would be delighted if you could join us from 4.00pm on Thursday 5 October in London, where we'll explore the theme of embracing change across the insurance and financial services markets to continuously improve and grow together.
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