UK minister unveils plans to slash Solvency II ‘red tape’ & more…Keep up with what has been happening this week in our latest actuary news round-up…

UK minister unveils plans to slash Solvency II ‘red tape’

The UK’s economic secretary to the Treasury has outlined plans to “slash bureaucracy” by relaxing Solvency II insurance regulation, potentially unlocking growth and billions of pounds of investment in infrastructure.

Pinnacle University announces virtual sessions

Pinnacle Actuarial Resources has said that Pinnacle University, a continuing education partnership of Pinnacle and several national universities, will be held virtually Monday, March 28 and Wednesday, March 30.

Global FinTech investment hits new highs

A record number of investment deals were completed with financial technology companies last year, driven by soaring interest in blockchain and cryptocurrencies, research by KPMG has found.

Social Inflation Increased Commercial Auto Claim Costs by $20B Over 10 Years

The insurance industry is ringing alarm bells about the cost of social inflation again, this time with the help of an actuarial analysis that concludes the phenomenon added more than $20 billion to the cost of commercial auto claims over a decade.