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JLT: uncertainty ahead

The insurance industry is facing a period of uncertainty against a backdrop of challenges from terrorism to regulation, according to Mike Hammond, the chief executive of JLT Risk Solutions, at the JLT annual industry symposium in London: “The Insurance Market & Risk Management in 2005.”

“As we head into 2005, I think that we would all agree that once again, the world of insurance and risk management, for various reasons, is in a period of uncertainty,” said Mr Hammond.

He continued:

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FCA confirms AI review led by Mills

The Financial Conduct Authority has today (27 January) confirmed Sheldon Mills is to lead a review into the implications of advanced AI on consumers, retail financial markets and regulators.

Are you ready to be stress tested by the PRA?

The regulator’s 2026 dynamic stress test will plunge insurers into a real-time, three-week crisis simulation unlike anything the sector has faced before, forcing firms to prove not just their capital strength but their ability to make rapid, data-driven decisions under pressure.

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