WTW unveils leadership transition in the Philippines & more…Keep up with what has been happening this week in our latest insurance news round-up…

WTW unveils leadership transition in the Philippines

Move expected to enhance corporate risk and broking division.

LCP reveals 198% own funds ratio amid evolving market risks in insurance sector

LCP (Lane Clark & Peacock), a consultancy firm specialising in actuarial, investment, and insurance services, has reported another robust financial year for the insurance market, despite the challenges posed by increasing risks.

Life insurers increasingly turn to reinsurance for profitability and growth – EY

The life insurance industry is increasingly turning to reinsurance as a strategic tool to balance profitability goals, manage cost pressures, and adapt to market changes, according to insights from EY.

Saga in talks with Belgium’s Ageas over insurance deal

Saga, the British financial services and travel provider for over-50s has said that it is in talks with Ageas, one of Europe’s biggest insurers, for a deal involving its insurance arm as it looks to reduce debt.

Aon finds that most HR leaders in the UK are yet to make use of generative AI

Aon plc, a leading global professional services firm, has found that while HR professionals in the UK are interested in generative artificial intelligence (AI), they are not yet proactively making use of it.