Keep up with what’s been happening this week in our latest actuary news round-up…
US motor insurance companies plan to refund drivers after the daily miles driven dropped due to COVID-19. James Blackham, CEO of By Miles has urged UK motor insurers to do the same to help those who are not driving and have to stay home pay less during the pandemic.
The Financial Conduct Authority (FCA) have confirmed that the new default investment pathways will be delayed by six months due to the coronavirus pandemic.
Insurer, Zurich has published its UK gender pay gap figures for 2019 which shows an overall 2% increased improvement in their mean and median gender pay gap figures compared to 2018.
The UK government has agreed to borrow billions of pounds from its emergency Bank of England overdraft to help finance workers and businesses as well as other circumstances that arise during the COVID-19 pandemic.
The Actuaries Response Group developed to help businesses during the pandemic has called on actuaries who are able to volunteer at least 25% of their time to help the UK government respond to coronavirus.