Post magazine - 26 March 2015

In this issue, the Insurance Census concludes with a look at ethnic diversity in the insurance industry - and how the sector can improve.

In the news, as the government unveils its vision for London to become a cyber hub, however London market firms believe that greater cross-industry collaboration and a significant recruitment drive is needed if London is to fulfil its ambition to become a global cyber insurance hub.

In other news, insurers involved in the upcoming driverless cars road trials have dismissed the significance of delays in the signing of contracts after the government ‘unexpectedly' pledged to invest £100m in the technology; industry leaders are working with the Department for Transport to determine if certain vehicle classes should be taken out of European Union legislation that expands the requirement for motorised vehicles to have insurance, amid fears of a future claims influx; and in-house claims investigators will not be subject to statutory licensing for private investigators, according to the Association of British Insurers, which has expressed concerns that uncertainty around the introduction of PI regulation is ‘hindering' insurers.

JLT's David Flandro takes to the C-Suite to explain why he thinks reinsurers should stick to their core values of serving stakeholders, while the Chartered Institute of Loss Adjusters' Malcolm Hyde asks if the UK insurance sector learn anything from the Irish Consumer Protection Code 2012?

In this week's interview, Arc Legal's Helen Withers tells Callum Brodie why for her redundancy offered opportunity and a fresh perspective.

The first of this week's features focuses on the UK's museums, and how administrators make sure their assets are covered in any eventuality; meanwhile, Katie Marriner continues to look at natural catastrophes, this week focussing on how The Insurance Council of Australia's natural catastrophe coordination initiative demonstrates how industry can collaborate to respond quickly and effectively to extreme weather events; and finally Rachel Gordon looks at how the new microinsurance incubator launched by the World Economic Forum will impact on lower-income communities, and what are other insurers doing to cater for this group.

Enjoy the read!

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