The Prudential Regulation Authority (PRA) has recently issued a significant Dear CEO Letter, outlining its expectations for UK insurers by the year 2025. This letter places a substantial emphasis on the Bulk Purchase Annuity (BPA) market, which has been experiencing unprecedented growth and
The Consumer Product Safety Commission (CPSC) plays a crucial role in safeguarding the public from potentially dangerous consumer products. Recently, the CPSC announced recalls for several widely used products known to present serious fire hazards. These announcements have stirred concerns
In today’s rapidly evolving cybersecurity landscape, many organizations continue to rely on external consultancy firms or manually updated risk registers for conducting risk assessments. Although these approaches can bring a level of expertise or structure, they often prove to be expensive, slow to
The draft risk assessment released by the U.S. Environmental Protection Agency (EPA) delves into the potential human health risks associated with toxic per- and polyfluoroalkyl substances (PFAS), specifically PFOA and PFOS, which are often referred to as "forever chemicals." These chemicals have
The successful debut of Silk Road Re Limited, a catastrophe bond sponsored by Taiping Reinsurance Company (Taiping Re), marks a groundbreaking moment in the company's risk management strategy. This remarkable bond issuance from Hong Kong not only underscores Taiping Re's ambitions in diversifying
At the start of 2025, the reinsurance market witnessed significant changes, particularly in the property catastrophe treaty business and the retrocession market. The broking group Howden provided an in-depth analysis of these trends, highlighting notable price reductions and the factors driving
