Keep up with what has been happening this week in our latest actuary news round-up…
Lloyd’s of London have announced their plans to reopen their London headquarters and iconic underwriting room on September 1st. The opening date is subject to governments guidelines and easing of the lockdown. Whilst their priorities are of the health and safety of participants in the market; and to minimise the spread of the virus.
Audit firm, EY refused to sign off on Wirecard’s accounts after they were not able to locate a missing €1.9bn; leading Wirecard to file for insolvency causing shares to fall by 80%.
In a new report, The Resolution Foundation said that the triple lock on UK state pensions could risk pensions growing five times faster than earnings due to the coronavirus pandemic.
New research from Cass Business School suggests that the COVID-19 pandemic can open doors for the insurance industry; to utilise new digital initiatives which can create opportunities to move forward in the industry.
Chancellor, Rishi Sunak, has unveiled that the Treasury will review the Solvency II regime in autumn. This is to ensure that the regime is “properly tailored to take account of the structural features of the UK insurance sector,” said the Chancellor.