Fossil fuel divestment & more…Keep up to date with the latest actuarial and finance news in our weekly round-up…
The sever impact of COVID-19 on Thailand’s economy will see the country’s non-life insurance market contract by 5.6% this year, forecasts by GlobalData suggest.
The UK’s biggest pension fund, the government-backed National Employment Savings Trust (Nest) scheme with nine million members, is to begin divesting from fossil fuels in what climate campaigners have hailed as a landmark move for the industry.
Tesla, which has been testing an insurance product for its drivers in California, is preparting to build an insurer, one CEO Elon Musk says will be “revolutionary”, and he’s inviting actuaries to join his cause.
The deficit at the UK’s largest private-sector pension fund, serving the pressured university sector, has more than doubled to £13bn as Covid-19 market turbulence ramped up the cost of retirement promises.
Aon PLC is teaming with software developer Skytek Ltd. On a hurricane tracking system for offshore risks, the brokerage said in a statement on Wednesday.