Without a design shift Life Insurance risks irrelevance

Life insurance was always designed around one moment: death, and for much of its history, that made perfect sense. Families were often built around a single breadwinner, life expectancy was shorter, and the financial shock of losing that person could be devastating. Life insurance met a clear and immediate need; protect the household if the worst happened. Over time, insurers strengthened the proposition by combining death benefits with tax-advantaged savings and investment products, creating a simple, stable offer that appealed to generations of customers.

Car insurance rollercoaster: Is 2025 simply momentary relief

While 2025 was a welcome period of relative stability for UK motor insurance, the latest cycle is faster and more extreme – better cycle management is more critical than ever for profitability. Based on WTW’s analysis of year-end reserving data, we estimate a 70% gross (of reinsurance and commission) private car loss ratio for the 2025 accident year, up from 66% in 2024. This makes 2025 one of the better-performing accident years in the last 10 years (excluding 2020 and 2021, both of which benefitted from lower frequencies owing to COVID-19 restrictions).

Why AI decision accountability is a requirement in insurance

AI is no longer confined to pilot programmes. With at least three-quarters of financial firms now using AI in live environments, the technology actively shapes everything from regulatory compliance and product development to fraud detection and underwriting. As these systems hit full production, stakeholders, from leadership to regulators, are demanding absolute clarity and auditability. Accuracy alone is no longer enough. It must be accompanied by transparency in decision pathways and the behaviour of agentic systems.

Investment Insights Q2 2026

 

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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