In this edition of Current issues in insurance & financial services, we bring you the latest insights into the UK insurance & financial services market including:

• Our 7th Annual Financial Services Seminar Scotland
• Opportunities in infrastructure investment
• What insurers should be considering ahead of 2030 reforms
• The impact of the rising cost of living on pension savers
• Challenges with setting base mortality assumptions for non-pensioner lives 
• Lessons learned from recent Stress and Scenario Testing ('SST') exercises

We are also delighted to welcome some new members to our growing team. Click here to find out more.

Seventh Insurance & Financial Services Scotland Seminar

Join us on 30 March in Edinburgh for our 7th Annual Insurance & Financial Services Scotland Seminar. As the landscape for insurance is fast changing, we'll focus on areas impacting the industry over the foreseeable future.

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Opportunities in infrastructure investment

In this article, we discuss drivers that point to an increasing demand and opportunity for investments in infrastructure. Insurers play a key role in meeting these challenges, from supporting economies to ‘build-back better’ as we emerge from the COVID-19 pandemic, to transitioning balance sheets for net-zero.

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From RPI to CPIH – what should insurers be considering ahead of 2030 reforms?

This article considers why the level of future assumed inflation is important to life insurers, why the gap between the different measures of inflation has increased recently and what actions insurers are taking in response. It also touches on some implications of RPI reform.

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Mortgage payments, utility bills, National Insurance. They’re all going up. What about pension contributions?

With inflation reaching a 30-year high in December 2021, it’s no surprise that around half of people who are not yet retired say they can’t afford to save at the moment. Read our full blog to find out more about what this might mean for savers at different stages of retirement.

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Challenges with setting base mortality assumptions for non-pensioner lives

As pension schemes mature and the transfer of longevity risk to the insurance market becomes more prevalent, the demand for non-pensioner insurance has increased significantly. In this article, we describe some of the risk challenges that come with estimating the baseline longevity of these members.

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Stress and Scenario Testing

Our blog considers some of the lessons learned from recent Stress and Scenario Testing (‘SST’) exercises, as well as looking forward to potential challenges faced by firms completing the Life Insurance Stress Tests (‘LIST’) for 2022 as specified by the Prudential Regulatory Authority. 

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