Fossil fuel divestment & more…Keep up to date with the latest actuarial and finance news in our weekly round-up…

Thailand’s non-life insurance market to contract by more than 5%

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.

UK’s biggest pension fund begins fossil fuels divestment

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 invites Actuaries to help create a ‘revolutionary’ insurance company

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.

UK universities’ pension fund deficit rises to £13bn

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 links with software firm to track marine hurricane risks

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.