KPMG
Inspool, Insure Street, Teambrella and Tego Cover among eight UK insurtech start-ups to watch
KPMG published last week its latest Pulse of Fintech report, including the investment figures for the year-to-date in the insurtech space.
Only one in 10 insurers are prepared for arrival of driverless cars
The majority of insurers are unprepared for the arrival of driverless vehicles, according to a report from KPMG.
KPMG to let insurers compare Solvency II data
KPMG has today launched a Solvency II data aggregation service that allows insurers to benchmark themselves against other insurers.
Brexit offers UK insurers respite on ECJ VAT ruling for outsourced claims
UK insurers are facing significant increases to the cost of outsourced claims handling if the government is forced to align its VAT position to a recent European Court of Justice ruling, but the June vote on whether the UK should leave the European Union…
European insurtech investment set to grow as global fintech funding reaches £13.4bn
European insurers are set for the same levels of transformation as the banking sector, according to a KPMG report, which has tipped further growth in the insurance-tech industry in Europe in the coming years.
Industry bosses unite to warn government against further IPT hike
The industry is rallying against a further potential increase in insurance premium tax ahead of the 16 March Budget.
Analysis: Hong Kong's 2016 prospects
Insurers in Hong Kong look set to have a testing year in 2016 as competition remains intense, margins are tight and the market gears up for a new regulatory regime writes Nicky Burridge.
Editor's Comment: 2015: A year in review
Christmas is a time for reflection on the past year and to think about what 2016 might bring.
Insurers top fintech innovator list but none from UK
Insurers have conquered a leading fintech innovation list revealed today (14 December), but the top spots went to those outside the UK.
Product liability comes to fore as motor manufacturers take on autonomous vehicle liability
Motor manufacturers accepting liability for autonomous vehicle crashes does not signal the demise of motor insurance, according to industry experts, who have suggested developments will instead lead to product liability playing a more prominent role.
Analysis: Is flexibility the way forward for China’s motor market?
Adding more flexibility to the Chinese motor insurance market will create opportunities for foreign insurers to differentiate themselves on both price and product design, writes Nicky Burridge.
New entrants causing disruption for insurers attempting to embrace innovation
Nimble market entrants are increasingly causing disruption for established insurance market players in the race to innovate, according to an international report by KPMG.
Gallagher not expecting 'material adverse effect' from FCA review
Arthur J Gallagher is confident a skilled person review by the Financial Conduct Authority will not have a “material adverse effect” on the firm’s results of operations.
Consumers bear the brunt of IPT hike amid fears of further increases
Policyholders look likely to foot the bill for a 56% increase in insurance premium tax, but fears have been raised that the government could look to squeeze the already competitive market further by bringing UK IPT into line with Europe.
Shock IPT raise - more reaction
The insurance sector is still reeling after George Osborne's Budget announcement to raise insurance premium tax by more than 50% from 6% to 9.5%.
Europe: Cyber security
With hacking and phishing scams on the increase, businesses would be expected to include cyber insurance in their arsenal of measures designed to protect them and their customers in the event of breaches.
Blog: Insurance results commentary
How has the first quarter of 2015 compared with previous years in terms of financial results, understanding regulation and the role of technology?
PRA consults on ‘proportionate' regime for non-SII senior managers
The Prudential Regulation Authority has released its consultation paper into the senior insurance managers regime for insurance companies outside the scope of Solvency II.
Home market failing to price for long-term weather risk
The home market remains significantly more profitable than its motor counterpart but insurers may be failing to price for long-term risk, market analysts fear.
Insurers' investment incomes at risk from Eurozone deflation
UK general insurers' investment incomes are in danger of being impacted by current Eurozone deflation that could hamper firms' overall results, according to industry experts.
China's changing motor market
China is introducing more flexibility to its motor insurance market, creating opportunities for foreign insurers to differentiate on price and product design, writes Nicky Burridge
Claims Club News: Periodic payment orders tipped to make up a third of insurers’ liabilities
Periodic payment orders could account for a third of insurers’ future liabilities amid increasing frequency in bodily injury claims, according to KPMG non-life actuarial partner David Brown.
The hunt for Asia acquisitions
The market for mergers and acquisitions in Asia remains strong as international and domestic insurers look to grow their operations in the booming region writes Nicky Burridge.
Europe: Global fraud and corruption trends
Are there any common characteristics between fraudsters across the globe? And what can insurers learn from these common themes? Hitesh Patel and James Maycock take a look