EY
Editor's comment: Paying the price for profitability
As 2012 draws to an end, UK insurance industry debate centres on the one topic most likely to dominate headlines come the new year: profitability pressures in the motor insurance market.
UK motor profits could take fresh hit as reinsurers mitigate exposure to PPOs
The prevalence of periodic payment orders is expected to undermine underwriting profitability in the motor market in 2013, as reinsurers become increasingly reluctant to take on a rising number of variables.
Will Indian FDI hike spell exit for Indian partners?
While the rest of the world touts the raising of the foreign direct investment level in insurance as a big growth opportunity, Neera Bhardwaj discovers that Indian partners see it as an opportunity to leave.
Europe View from the Top: Turning the telescope around
Research by Ernst & Young entitled Turning risk into results, launched at the Federation of European Risk Managers Association, brings positive news.
Is a hard market dawning in Germany?
With the Eurozone crisis, impending Solvency II regulations, and deteriorating loss ratios in certain lines, Francesca Nyman asked German insurers whether the market will harden in the next 12 months.
Competition to heat up in housing market
Ernst & Young has predicted that the household insurance sector will produce a combined operating ratio of 95% in 2012, despite this summer's flooding and other variable weather throughout the year.
The Asian talent hotpot for insurers
As insurers ride the wave of rising wealth in Asia the demand for professionals with the right expertise to make the most of growth opportunities is shrinking, as Pagan Van reports.
Markerstudy names operations director
Markerstudy Group has appointed Saleem Miyan, pictured, as group operations director.
Solvency II: To 2015 and beyond
Solvency II implementation is almost upon us but, as Martin Bradley and Jan Leiding explain, European insurers' preparedness varies significantly between countries and companies.
Interview: James Reader - A time for plain sailing
After a stormy year for French insurer Covéa and its subsidiaries on these shores, James Reader, chief executive of the newly merged Covéa Insurance, tells Post why the UK arm of the company can steady the ship.
Solvency II: The waiting game
With the possibility of further delays to the implementation of Solvency II seeming ever more likely, what will be the impact on insurers?
Nearly half of insurers won't be Solvency II ready by 2014
While 57% of insurers across Europe think they are on track to comply with Solvency II by January 2014, readiness varies significantly by country, according to Ernst & Young.
Almost half of insurers struggling with Solvency II deadline
Some 43% of European insurers are unlikely to be prepared for Solvency II by 2014, research by Ernst & Young has revealed.
The gender neutrality countdown
As Europe counts down to the enforcement of the gender neutrality ruling, Neil Davies asks how prepared insurers and consumers really are.
Kiln names new chief operating officer
International specialist insurance and reinsurance underwriting group Kiln has appointed Denise Garland, pictured, as chief operating officer.
Ageas confirms Winlow NED appointments
Ageas UK has confirmed that former KPMG partner Mark Winlow, pictured, has been appointed non-executive director on two of its boards.
Opinion: What now for credit hire?
Credit hire will continue to exist, but in the context of tighter controls and a stronger customer focus, says Eddie Longworth.
Ex-E&Y boss appointed LV audit committee chairman
Former Ernst & Young senior partner James Dean, pictured, has replaced Ian Reynolds as LV audit committee chairman.
Insurers must act on Eiopa's Solvency II reporting guidelines
Guidelines released last month remove uncertainties surrounding Solvency II legislation, but, as David Foster reports, the reporting requirements remain demanding.
Asian enterprise risk management gathering steam
The Asia insurance sector lags behind Western markets in terms of enterprise risk management. Nicky Burridge investigates the issues bringing the matter to the top of the agenda.
Future looks bleak for motor insurance, says Ernst & Young
The motor insurance market is unlikely to make a profit in 2012 or in the foreseeable future, according to Ernst & Young.
Airmic backs disclosure proposal
The Law Commission's proposal to water down commercial policyholders’ duty of disclosure has won the backing of John Hurrell, chief executive of risk management body Airmic, who believes that potential law changes will lead to a shift in the underwriting…
PE interest to shake up motor insurance market
Growing interest in motor insurance from private equity firms is likely to increase dynamism in the sector, according to Ernst & Young.
ISA 2012: Chinese cool on Western insurance brands and MNC employment
The outlook for the Chinese insurance sector continues to be attractive, but international players are challenged on many fronts, such as limited geographical reach and restrictions over the way they conduct businesses.