News - Insurance



IAIS issues public consultation on the draft criteria that will be used to assess whether the Aggregation Method provides comparable outcomes to the ICS

The IAIS has launched the public consultation on the draft criteria that will be used to assess whether the Aggregation Method provides comparable outcomes to the Insurance Capital Standard (ICS). Responses to the consultation will help ensure the criteria take account of the complex issues that have to be addressed with this work. Feedback is invited by 15 August 2022.







WTW appoints Timothy Pratt to its Insurance Consulting and Technology business

Global insurance brokerage firm WTW announced the appointment of Timothy Pratt as Director, Actuarial Property & Casualty (P&C), in its Insurance Consulting and Technology (ICT) business. In this role, Timothy Pratt will be responsible for leading project teams focused on designing and implementing client reserving solutions.


Poland: lower incidence of motor insurance claims in the 1st quarter of 2022

In the first quarter of 2022, insurers paid a total of PLN 3.54 billion (approx.: EUR 0.77 billion) in claims from motor policies. Out the total, paid claims for MTPL insurance accounted for 57.6%, the Polish Chamber of Insurance said quoting data from the Information Centre of the Insurance Guarantee Fund.