Underwriters and actuaries worry as insurers invest in AI & more…Keep up with what has been happening this week in our latest IP news round-up…

Aviva completes £200m buyin with Arriva Merseyside Ltd

Aviva has announced the completion of a £200 million bulk purchase annuity scheme buy-in with the Merseyside Pension Fund (MPF). The transaction was completed in June 2024 and secures the benefits of c2,500 MPF members, attributable to Arriva Merseyside Ltd, in full.

BW awarded Benefit consulting excellence celebrated at WSB Awards

For the third consecutive year, we have been named ‘Employee Benefits Consultant of the Year’ at the Workplace Savings and Benefits (WSB) Awards.

Parisian Akur8 secures $120M Series C round for actuarial platform

Akur8, the machine learning-powered insurance pricing and reserving platform, announced today that it has secured $120 million in series C funding, bringing its total raised investment to $180 million.

Underwriters and actuaries worry as insurers invest in AI

Research from hyperexponential, a pricing platform for global re/insurers, has revealed significant concerns among insurance professionals about the role of artificial intelligence (AI) and the adequacy of current pricing technology.

First half of 2024 sees largest ever number of buy-in transactions says Hymans Robertson

Hymans Robertson’s analysis shows that there were 134 buy-ins in the first half of 2024 – a record number for a six-month period.