Pricewaterhouse Coopers (PWC)
Second Europe-wide stress tests for insurers launched
PWC has commented on the launch of the second Europe-wide stress tests for the insurance sector, by the European Insurance and Occupational Pensions Authority.
News analysis: alarming revelations for commercial cover
The recent Mactavish-Pricewaterhouse Coopers report that declared commercial insurance 'not fit for purpose' is a wake-up call to the market. Insurers, brokers, company boards, government and the buying community should all take note, says John Hurrell.
Budget 2011: "good budget for UK general insurance”
PWC has commenting on the news that tax relief has not been withdrawn for insurers’ equalisation reserves.
IRM launches Bermuda group
The London-based Institute of Risk Management is set to launch a new regional group in Bermuda.
Risk report attacks industry failures
The insurance industry's failure to make significant changes to the "deficient" commercial lines sector has been "wholly unacceptable", according to research firm Mactavish.
Commercial policy wording must be “watertight”
The wording of commercial insurance policies must be “fully watertight” to ensure claims are met, law firm O’Connors has said.
Commercial cover “not fit for purpose”
Research firm Mactavish has warned that commercial insurance is currently “not fit for purpose” and could lead to a rise in claims disputes.
Broker focus – private equity: the start of a broader movement?
2011 has already seen one major broking private equity deal involving Towergate. Rachel Gordon assesses whether this is likely to be a one off, or the start of a broader movement within the intermediary market.
PWC predicts increase in pay-as-you-drive in wake of gender ruling
Today's European Court of Justice ruling that from 21 December 2012 insurers will no longer be able to charge different insurance premiums to men and women because of their gender, could lead to a steep uptake in pay-as-you-drive schemes.
Interview - Paul Evans: Axa's split decision
CEO Paul Evans didn't hang about when it came to splitting Axa UK's personal and commercial businesses - and now he's promising brokers great service, products and relationships, as Jonathan Swift discovers.
Middle East policies may face court challenges
Commercial insurance policies that exclude political risk are likely to come under scrutiny by courts in the Middle East, following civil unrest in the region.
Insurer mergers & acquisitions: Is 2011 the time to strike?
After a lean period for insurer mergers and acquisitions through the economic downturn, Daniel Dunkley reports that the first rays of sunlight might begin to show in 2011.
People moves – 17 February 2011
A round-up of people moves and new appointments in the industry, as featured in the 17 February 2011 edition of Post.
PWC warns insurers to take Solvency II action
Insurers must act on the results of the fifth Solvency II quantitative impact study if they are to avoid facing difficult questions from investors, analysts and the market, Pricewaterhouse Coopers has warned.
Private sector deals send positive signal to financial services
While deal values in the financial services sector dropped off in the final quarter of last year, this decline will not change the positive trend of increasing m&a activity, according to analysts at Procewaterhouse Coopers.
Building the right model for Solvency II
The different levels of readiness and varying budgets among insurers revealed in the report Getting set for Solvency II recently released by Pricewaterhouse Coopers surely came as no surprise to the insurance industry.
Delaying Solvency II "risky" claims PwC partner
Insurance companies have been warned that it would be a "risky strategy" to delay the implementation of Solvency II on the basis of the Omnibus II directive.
WNS eyes top three property repair place
WNS Assistance has pledged to land a place among the top-three property repair firms within the next 18 months, after confirming its plans to enter the sector.
PwC: "Uncertain" outlook for insurance market
Activity grew strongly in the UK financial services sector for the second quarter in a row in the three months to December, however, profitability did not increase as fast as expected, growing at the slowest pace for 18 months, and numbers employed in…
One in ten yet to launch Solvency II projects
More than 10% of insurers are yet to begin preparations for the upcoming Solvency II implementation, research by PricewaterhouseCoopers has revealed.
Highlands policyholders receive full payout
Highlands Insurance Company UK direct policyholders have had their claims paid following the company’s administration in 2007.
Post Europe: Data security – is Europe still lagging behind the US?
Some believe that Europe continues to lag behind the US in terms of data security. Matthew Hogg explores the likely triggers for improved levels of data security in Europe.
Career path & CSR: Zurich director wins top Women in the City award
Zurich Insurance global underwriting technical director Jane Hayes has been named as winner of this year's insurance category at the Women in the City awards.
Nigel Vooght to lead PwC’s global financial services business
PwC has announced the appointment of Nigel Vooght as global head of the firm’s financial services business succeeding Jeremy Scott.