Keep up to date with the latest actuarial news in our weekly round-up…

 

Brexit uncertainty ‘could lead to interest rate cut’

The Bank of England may need to cut interest rates should Brexit uncertainty persist, one of its policymakers has said.

Number of empty shops in UK at highest level for five years

Nearly 12% of retail sites were unoccupied in first half of 2019, data shows, with chains hit by rising costs and low consumer confidence.

Workplace diversity and inclusion now a ‘commercial imperative’ for insurers

Insurance companies across the world now view diversity and inclusion as commercial concerns, rather than just new internal issues, new research has uncovered.

UK companies face naming and shaming over director pensions

The Investment Association plans to begin identifying companies whose pension contributions to directors are out of line with those given to the rest of their employees.

Aon introduces AI-powered claims analysis platform

Global re/insurance broker Aon has announced the launch of ClaimsMonitor.X, an artificial intelligence-driven platform that can quickly analyse claims notes and provide insights into an insurer’s efficiency and profitability.

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