Insurance professionals have expressed significant opposition to the Financial Conduct Authority’s proposal to remove the requirement for those working in the profession to undertake a minimum of 15 hours training and development per year.

Large UK-listed firms are unlikely to decarbonise fast enough to meet global climate targets, leaving the economy exposed to a disorderly transition and heightened risk, a new report suggests. The study, carried out by the University of Exeter and J O Hambro Capital Management, was based on a probabilistic forecasting tool that models actual emissions from 347 companies representing 89% of the UK market.

Geopolitical instability has been identified as the biggest threat to the aviation sector by insurers, according to a new industry survey. Two-thirds of respondents working for international aviation re/insurers put the impact of war and international conflicts at the top of their list of concerns.

The new report, by Cambridge Econometrics and the University of Exeter, explores whether targeted government policies could spark a cost-competitive green hydrogen industry globally. Nearly all hydrogen production today is grey hydrogen, which is made from natural gas and produces carbon dioxide as a byproduct, thereby contributing to climate change.

The Lloyd’s Market Association has launched a new model clause, LMA5670, aimed at strengthening sanctions and financial crime compliance in re/insurance contracts.

Cristie Software has announced the launch of Continuous Recovery Assurance, a new feature designed to enhance system recovery and verification within its BMR software portfolio. The feature automates full system recovery to a clean room environment whenever a new back-up is detected, enabling organisations to verify their recovery capabilities without impacting production infrastructure or relying on third-party systems.