European Union (EU)
International: Best Practices for EU Insurers Filing US ORSA Summary Reports
Kristi M Robles gives a few pointers on filing ORSA reports in different jurisdictions
European Council agrees Ecall proposal
The European Competitiveness Council has agreed a general approach to a draft regulation aimed at introducing motor type-approval system requirements for fitting Ecall devices in new models of vehicles.
Industry doubtful SRA minimum rating plan can boost solicitors’ PI market
Regulator finishes eight-week consultation on possible ‘B’ minimum.
Fraud Focus: Catching up with motor fraud
Are the days of motor insurance fraudsters numbered? Playing devil’s advocate, you might be forgiven for thinking that is the case.
Omnibus II passed by European Parliament
The final obstacle to Solvency II implementation looks to have been passed after the European Parliament adopted the Omnibus II Directive today.
All change in Europe
The European guard is changing, and by the end of the year the UK insurance industry could find the European Parliament and Commission rather harder places to press its case than previously.
Editor's comment: Pressing the advantage home
Prime Minister David Cameron told the nation “money is no object” when he declared the recent floods a national emergency and staked his personal authority on rebuilding damaged UK regions to make them more resilient to extreme weather.
Insurers doubtful government will approve VAT waiver for flood repairs
Business secretary calls for VAT on flood renovation and repairs to be cut to 5%.
Europe: Clearing up confusion
A mid-January decision to amend the European Union's Insurance Mediation Directive - set to come into force in 2016 - through a revised Markets in Financial Instruments Directive has generated much confusion.
Markham recruits UN specialist for kidnap push
High net worth broker Markham Private Clients has appointed a European Parliament and United Nations risk specialist to head up a new kidnap and ransom facility underwritten by AIG.
Minister defends Gibraltar against ‘unfair advantage’ perceptions
Gibraltarian minister talks up non-motor insurance expansion.
Horsemeat Scandal: Making hay
The horsemeat crisis first hit the news in January 2013, leading to more regulation in the food industry. However, not all cases resulted in litigation
Agriculture: Hard times
With a predicted increase in extreme weather events expected to add to the many difficulties already faced by farmers, how can the insurance industry better support the beleaguered sector?
Editor's comment: The ratings game
The ugly issue of rated v unrated insurers has once again been pushed up the agenda, with news this week that the Solicitors Regulation Authority plans to roll out a consultation on the possibility of a ban on unrated or low‑ranking insurers from its …
Gender Directive: One year on
Just over 12 months after its implementation, has the Gender Directive impacted the industry as strongly as expected? And what has it meant for the progress of telematics?
Europe: Ecall opportunities
What does the long-anticipated road safety initiative Ecall – set to be introduced across the EU in October 2015 – mean for the insurance industry?
Insurance Technology Conference: Insurers must wake up to the risks of misusing data
Data presents huge opportunities for insurers but the potential for misusing it is a serious risk for the industry, according to speakers at Post's Insurance Technology conference.
Insurers must wake up to data risk danger
Data presents huge opportunities for insurers but the potential for misusing it is a serious risk for the industry, according to speakers at Post’s Insurance Technology conference today
C-Suite: Stay a step ahead of cyber crime
From a debilitating attack on service to a simple system break‑in, cyber attacks can vary in their sophistication and in the harm they can cause to organisations, says Chubb's Chris Pavlou.
Scottish constitution: A separate health and safety regime for Scotland?
The Enterprise and Regulatory Reform Act 2013 is now in force across the UK, however what has gone largely overlooked thus far are the exceptions to ERRA and the potential for a uniquely Scottish approach to the regulation of health and safety.
Solvency II on track after Omnibus II deal reached
An agreement on Solvency II has been reached by the trialogue parties of the European union, putting an end to years of political wrangling.
Europe: Should we stay or should we go?
Earlier this month, Conservative backbencher Adam Afriyie called on the government to bring forward the referendum on the UK leaving the European Union from 2017 to October 2014.
Europe: Turkish delight
Has Turkey got what it takes to be the next big thing in insurance? Francesca Nyman investigates.
Road Traffic Act: Two-way traffic
Many motor insurers are in limbo because of uncertainty over the interpretation of a crucial section of the Road Traffic Act. However, a forthcoming Supreme Court judgment could provide much-needed clarity.