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This Week in Post: Outdated and out of there

Victorian child

I was recently lamenting shortage of space in my toy-cluttered flat and a (childless) colleague mentioned the baby cages Victorian households used to hang out of their windows. “There were mercifully few deaths,” he joked, as I gazed at an online image of the outdated devices, fascinated by their dangerous ingenuity.

Another “outdated” mechanism, according to the government, is the mode of calculation of the discount rate. At the Association of British Insurers’ Brexit conference, City Minister Steve Barclay said

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Hidden risks in insurers’ culture and misconduct data

Insurers are under growing regulatory pressure to treat non-financial misconduct as a core conduct risk, according to Loka Venkatramana from Pathlight Associates, who says they should use cultural and behavioural data with the same rigour as financial metrics to identify and address problems before they damage customers, staff or the market.

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