• South Africa: Insurance licence conversion update

  By David Kirk | 14 May 2019

  The Prudential Authority has adopted a phased approach to implementing the new Insurance Act, 2017.

• How autonomous driving features rank against human drivers

  By Sheri Lee Scott | 13 May 2019

  This paper provides a statistical framework to study whether—and by how much—an autonomous car drives better than a human being.

• Critical Point Episode 12: Could cyber risk be the next “Big Short”?

  By Chris Beck, Chris Harner | 13 May 2019

  A cyberattack has the potential to disrupt the world economy, but a new risk management paradigm can help protect against vulnerabilities for insurers and businesses.

• Underwriting income continues to decline, with faint signs of a firming market on the horizon

  By Susan J. Forray, Chad C. Karls | 13 May 2019

  The medical professional liability industry’s long-term trend of declining frequency appears to have ended several years ago.

• No apparent workup for most new indeterminate pulmonary nodules in US commercially-insured patients

  By Javier J.Zulueta, Bruce S. Pyenson, Carol Bazell, Michael J. Bellanich, Melissa A. Caplen | 13 May 2019

  This article examines the pattern and cost of indeterminate pulmonary nodule workup in real-world practice using insurer administrative claims for commercially insured individuals.

• IRS expands self-correction program for retirement plans

  By Employee Benefits Research Group | 13 May 2019

  CAB 19-1: The IRS has expanded the Self-Correction Program to enable retirement plan sponsors to more easily fix certain common plan document and operational failures, effective beginning April 19, 2019.

• Consolidation of Indian life insurance industry – to be or not to be?

  By Sanket Kawatkar, Heerak Basu | 13 May 2019

  With a strong macro-economic outlook for the Indian economy, the young population, the large emerging middle class with high savings potential and the low penetration of life insurance business, the longer term outlook for the Indian life insurance industry continues to be positive.

• Part 3: Long-term investment and updates to the Delegated Regulation

  By Karl Murray, Eamonn Phelan | 13 May 2019

  In the third and final edition, we analyse elements of the Standard Formula review that took place across 2018 with the EC publishing its final amendments to the Delegated Regulations in March 2019.

• Pension Funding Index May 2019

  By Charles J. Clark, Zorast Wadia | 09 May 2019

  In April, the funded status of the 100 largest corporate defined benefit pension plans increased by $29 billion as measured by the Milliman 100 Pension Funding Index.

• Milliman FRM Insight: April 2019 Market Commentary

  By Joe Becker | 09 May 2019

  April marked the best risk-adjusted monthly return for global equities since October 2015.

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