Insurance as a strategic enabler of business growth


Growth is built on making bold decisions. But as businesses grow, so does the potential cost of an unexpected event. Insurance is not only there to respond when something goes wrong; it helps provide the financial confidence to keep moving forward when challenges arise. Yet insurance is often viewed as a transactional purchase rather than a strategic business tool. In reality, a well-structured insurance programme sits at the heart of an effective risk management strategy.

A question of surplus

Stronger funding positions and the Government's proposed surplus reforms mean more trustee boards and sponsors are thinking about a question that would have seemed unlikely a decade ago: what should happen when there is money left over? Even where a scheme has completed an insurance transaction and members' benefits are secure, agreeing how any remaining surplus should be used is rarely straightforward. The sums involved can be significant, and trustees and sponsors may have different views on the most appropriate outcome.

Infectious disease and what COVID19 revealed in insurability

COVID-19 revealed the systemic nature of pandemic risk, exposing gaps in insurability and showing why foresight must translate into sustained preparedness and resilience. A 2020 global pandemic showed that infectious disease is not just a public health risk, but a systemic shock that challenges the foundations of insurability in an interconnected world. In the years leading up to COVID-19, pandemic risk was not invisible. It appeared in national risk registers, academic research and scenario exercises, and had been considered by some organisations and risk specialists.

2026 Natural catastrophe losses Europe heatwaves and El Niño

 

 

 

Lifestyle Actuary

Dalriada Trustees Limited (Dalriada), one of the largest providers of professional trustee services to pensions schemes in the UK, has today announced the appointment of Sarah Brough as a professional trustee.

Lights Camera Actuary

For the next few months Zoe Bolton will be talking to the senior actuaries in these firms, getting a brief insight into their career paths and visions for the future. This month Zoe interviews Shil Patel the UK Managing Director at Dynamo Analytics

Travelling Actuary

This month's Travelling Actuary takes us to the iconic Boston to experience New England at it’s very best.

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