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Practical toolkit for AI adoption in the Lloyd’s Market

AI is now moving beyond experimentation into everyday use, with many organisations now adopting a structured deployment model, with appropriate governance, to bring AI into their products, services and solutions.It’s a significantly evolved landscape from two years ago, when we first partnered with Lloyd’s Market Association (LMA) to deliver an in-depth survey into AI in Risk Management. We’ve revisited this survey to capture today’s outlook on the accelerating adoption of AI in the Lloyd’s market.
Posted on Friday May 8

Multi-employer CDC schemes what opportunities do they offer

The past 18 months have seen significant developments in Collective Defined Contribution (CDC) pensions which could benefit millions of future savers. The Royal Mail CDC scheme went live in late 2024, marking the UK’s first single-employer CDC scheme under the existing CDC legislation. Since then, momentum has continued. Legislation is now being finalised to allow for multi-employer schemes, with the first scheme to launch in mid 2027.
Posted on Thursday May 7

Investment Insights Q2 2026

Conflict in the Middle East has dominated headlines, with elevated oil prices driving market volatility. In this video, we break down what that means for investors – from the impact on inflation to key risks and opportunities to watch out for in the months ahead. Learn what to stay mindful of and how global events could shape markets.
Posted on Wednesday May 6

Role of AI in Financial Reporting: Hype or Reality

Mark Brown from WTW looks at the real world impact of artificial intelligence within the actuarial and financial reporting landscape. Life and health insurers today face a complex balancing act. Product portfolios continue to grow in sophistication, regulations intensify, and financial reporting teams are under unprecedented pressure to produce fast, accurate, and explainable results. At the same time, operational costs and talent pressures remain stubbornly high. Against this backdrop, artificial intelligence has rapidly moved from a talking point to a transformational force.
Posted on Wednesday May 6

May 2026 Edition of the Actuarial Post Magazine

With no real end in sight to the conflict in the Middle East, despite numerous ceasefires, ultimatums, blockades and opening and closing of the Strait of Hormuz, prices continue to rise. With Brent Crude up to $112 a barrel at one stage and the subsequent jump in prices at the pump, it comes as little surprise that BP doubled their profits for the first quarter to $3.2 billion, there are some winners from the conflict it seems. This month’s cover story comes from Anna Rogers, founder of Arc Pensions Law examining the Virgin Media fix a legal and actuarial double act.
Posted on Tuesday May 5

Moderate natural catastrophe losses mask escalating risks

Insured losses in 2025 were below average for the past decade, but against a backdrop of elevated hazard potential. Insured losses in 2025 broke the $100 billion barrier for the sixth consecutive year — a number that has long been considered a measure of escalating natural catastrophe risk. Without a major U.S. hurricane landfall, however, losses came in below the average incurred during the past decade. While the market may take a moment to exhale, context is crucial. A below-average loss year is not an anomaly; statistically, it is the expectation.
Posted on Friday May 1

How technology is helping professional trustees

Our previous articles on the future of professional trusteeship looked at regulation, diversifying strategies and resourcing needs. All the firms we spoke to recognise the need to be more efficient, especially as demand grows and budgets tighten. Views vary on how to achieve efficiency, but technology emerges as a key enabler. Professional trustees see AI as particularly important for data management, simpler processes and help with decisions.
Posted on Thursday Apr 30

DB superfunds: from niche solution to £180bn market

As more pension schemes enter their endgame, defined benefit (DB) superfunds are emerging as a compelling alternative to traditional bulk annuity insurance transactions. Market confidence in DB superfunds has been boosted by five high-profile transactions completed by Clara Pensions. Clara’s recent transaction with the Church Mission Society Pension Scheme, in particular, has demonstrated how making use of a ‘connected covenant’ structure can open up the market to a broader range of schemes than was previously thought possible.
Posted on Tuesday Apr 28

Geopolitics: Understanding the shifts behind the headlines

Exploring how geopolitical dynamics are evolving, what they may mean for markets and how wealth portfolios can be positioned through periods of heightened uncertainty. Geopolitics has been firmly back in focus at the start of 2026, with events involving Greenland, Venezuela and Iran featured prominently in the news. These developments can feel fast moving and unpredictable. But while headlines change rapidly, the forces shaping global politics tend to evolve more slowly
Posted on Monday Apr 27

Pensions dashboards are schemes ready for the next step

TPR dashboards lead Lucy Stone emphasises that connection is just the start of the dashboards journey, urging schemes to keep up the momentum, focus on value data and embrace the opportunities to learn from user testing. We are edging ever closer to people being able to see all their pensions online at a time of their choosing, revolutionising how they plan for retirement. With the deadline for connection less than six months away, three quarters of all records are now connected to the central digital architecture being built by the Money and Pensions Service (MaPS).
Posted on Thursday Apr 23

Reflections on 20 years of Pension Risk Transfer

Buy-ins are now well-established and regularly dominate the headlines in the pensions press. But that has not always been the case. In this article, I reflect on how the buy-in came into being and why it has become the route of choice for many pension schemes. Take yourself back to March 2006. A small group of us at LCP was contemplating what the recent launch of a wave of new insurers seeking approval to write bulk annuities could mean for DB schemes. We saw potential benefit for trustees and sponsors, and so our Pension Risk Transfer practice was born.
Posted on Wednesday Apr 22

Pensions governance and why it matters more than ever

Pensions have long been part of a school’s remuneration package. For teachers, this has historically been via the Teachers’ Pension Scheme (‘TPS’), with teachers contractually enrolled from the first day of employment, and for non-teaching staff, this has predominantly been via a Defined Contribution (‘DC’) arrangement. However, after several years of rapid change the landscape looks very different, with significant variety and diversity of pension offerings.
Posted on Tuesday Apr 21

Health insurers utilising analytics for profitable growth

How can you boost ROI by embedding analytics into new product design, new business strategies and pricing approaches? Rising disease burdens and aging populations are increasing demand for medical care, while cost-side pressures are threatening health insurers’ profitability. By embedding analytics across your health insurance business, from designing products and setting prices to new business strategies, you can prevent margin erosion and enhance growth.
Posted on Monday Apr 20

Pensions dashboard is coming what should corporates expect

The pensions dashboard is expected to be available to the public later this year. This will be a major moment for UK retirement saving, changing how employees see, understand and engage with their pensions. For employers, the dashboard brings both opportunity and challenge. Now is the right time to think about what this means for your workforce and your DC offering.
Posted on Friday Apr 17

Raising standards of trusteeship and governance

In this episode of TPR Talks, we explore what good looks like for trusteeship and scheme governance, drawing on insights from roundtable discussions with trustees and industry representatives. Hosted by Emelda Nicholroy, Regulatory Theme Lead at TPR, with Elizabeth Renshaw Ames, Special Adviser on Trusteeship, the discussion explains why TPR brought stakeholders together, what we heard about current governance practices, and the skills, standards and accountability that support effective trustee boards and good outcomes for members.
Posted on Thursday Apr 16

Buyin to buyout navigating the post transaction bottleneck

Our 2026 survey results provide a detailed view of how all 11 active insurers are progressing schemes from initial buy-in to full buyout – the point at which legal responsibility for providing members’ benefits transfers to the insurer. It has been a record year for buyouts and momentum is expected to continue into 2026. Our findings, based on insurer data up to 31 December 2025, show how quickly schemes are moving through the process, where delays most commonly arise, and how market capacity is evolving in response.
Posted on Thursday Apr 16

The Times they are a Changing

There are very few big philosophical questions that almost everyone agrees on; yet one that seems to elicit the same answer across the board is this:
Do you think the world is changing faster, slower, or at the same speed as it used to? Now there are caveats- the changes happening to us may feel like they’re larger, we were probably less aware of changes as children, and so on. But technology has been advancing exponentially. Claims of what AI can’t do seem to become obsolete as soon as they’re known, with even the hallowed sanctum of mathematics starting to be breached.
Posted on Wednesday Apr 15

A pension buyout as seen through members eyes

A UK pension buyout requires robust data preparation, clear member communication and strong administration planning to ensure a secure, well governed and uninterrupted transition from scheme to insurer. Over the past decade, UK pension commitments exceeding £250 billion have been secured through transfers to the bulk annuity market.
Posted on Tuesday Apr 14

Pricing in a softening market

The role of judgement: deciding when to follow the market. This is the second article in a series on pricing in a softening market. In the first article, we looked at the gap between technical price and market price. The next question is what happens when those two numbers diverge. At that point someone has to decide whether to follow the market or not. Technical pricing answers a specific question: what does the risk cost?
Posted on Monday Apr 13

Pensions Dashboards - handing over the baton

The Pensions Dashboards’ marathon appears to be nearing the final lap. The largest pension schemes, those covering most UK savers, are already connected to the digital architecture. Only the smaller, individual trust-based schemes remain - and there is a confident expectation these final schemes will be on board ahead of the October deadline. We already know that the infrastructure works. A first wave of testers have confirmed their identity and added their national insurance number.
Posted on Friday Apr 10

The impact of Generative AI on insurance analytics

WTW’s perspective on EIOPA’s 2025 Market-Wide Generative AI Study shows how AI—backed by real insurer use cases—is poised to rewrite the rules of insurance analytics. Key findings from the EIOPA survey include: Generative AI adoption is widespread. Efficiency is the primary goal. Key hurdles remain. Most common AI applications. Human oversight remains essential. AI hallucinations and risk concerns. Governance is catching up. Reliance on third-party providers is increasing
Posted on Thursday Apr 9

How does an uncertain world effect covenant reliability

Recent geopolitical events have had wide ranging economic impacts, including for defined benefit (DB) pension schemes, with many trustees navigating a period of significant uncertainty about how much their employer covenant will be impacted. However, at the same time they are being asked to reach increasingly firm views on key aspects of their covenant for the new DB funding regime. So how can trustees decide how reliable their covenant is when so much is uncertain?

Posted on Wednesday Apr 8

History may not repeat itself but it certainly rhymes

I started my actuarial career in South Africa in the early 1990s, a time of change in both politics and pensions. 1994 heralded the first democratic elections in South Africa’s history but it also took place at a time when the defined benefit (DB) pensions landscape was undergoing a profound transition. Final salary schemes were closing at pace, and employers were transferring liabilities to insurance companies. Defined contribution (DC) pensions were on the rise, and with them, came a steady shift of risk away from employers and towards individual members.
Posted on Tuesday Apr 7

The Real Risk in Life Modernisation

Life insurance is approaching a major transformation cycle. For decades, the sector has operated on highly stable, transaction-intensive platforms. Many of those systems are now reaching end of life. The engineers who built them have retired. The languages they were written in are increasingly rare. Maintenance costs are rising. Regulatory risk is growing and replacement is no longer optional. The question is not whether to modernise. It is how.
Posted on Thursday Apr 2

April 2026 Edition of the Actuarial Post Magazine

They say that March comes in like a lion, goes out like a lamb, well in terms of the weather Storm Amy at the beginning of the month seems to make that true but with conflict in the Middle East I am sure the people in that region do not think the old saying holds sway. Our cover story this month comes from Mark Brown from WTW examining the role of AI in Financial reporting asking if it is hype or reality. We also have Laura Hobern from LCP with the second part of her series on pricing in a softening market and the role of judgement in deciding when to follow the market.
Posted on Wednesday Apr 1