Regulation
Ferma elects four to board
The Federation of European Risk Management Associations has named four board members at its general assembly.
Four members elected to Ferma board
The Federation of European Risk Management Associations has elected four board members at its general assembly.
Court summons for speeding on the rise
The number of drivers summoned to court after being caught speeding increased by 10% in 2012, the equivalent of 1 000 drivers a week.
Insurance communications Bill passed in Australia
The Insurance Contracts Amendment Bill 2013 has passed through the Australia Senate. According to the Insurance Council of Australia, the Bill will help give insurers more certainty when communicating with customers electronically.
IASB Insurance Contract proposals are welcome starting point
The revised draft of the International Accounting Standards Board’s Insurance contract proposals goes a long way towards addressing the concerns raised by insurers since the original draft in 2010, Insurance Europe said today.
IASB revised exposure draft is "major milestone" for insurers
The publication of the International Accounting Standards Board’s revised exposure draft marks major milestone toward global reporting consistency for insurers, according to consultancies PwC and Ernst & Young.
EU collective redress mechanisms open to abuse says Ferma
The collective redress mechanisms recommended by the European Commission could be an open door for abuse according to market insiders.
Helphire to resume dividend payments following High Court order
Helphire Group has been granted permission to resume paying dividends by the High Court.
Post Audio Supplement - 20 June 2013
Too busy to read the magazine or website? Want a quick update on the latest news?
Scotland's Future - the issue of redenomination
An independent Scotland might have to adopt its own currency if the rest of the UK Government declined to participate in a the Scottish Governments 'Plan A' of a Sterling zone, or would do so only if Scotland accepted onerous conditions.
Post magazine - 20 June 2013
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
LTG report could lead to further Solvency II delays says KPMG
Global Consultancy firm KPMG has cast doubt on whether the recommendations from Eiopa’s long-term guarantees assessment impact study will satisfy all parties and stave of further delays in the Solvency II schedule.
Customers paying for FSCS levies on brokers via ‘administration’ charges
Contributions to compensation scheme putting strain on brokers’ profitability.
PI firms risk being sued if they continue to undervalue serious injury claims
Claims management companies reportedly targeting under-settled claims.
Aviva grilled over ABS ambitions
Aviva has confirmed it is not in the process of applying for an alternative business structure after direct questioning by the Transport Select Committee.
Balva told to appoint liquidator following FCMC investigation
Latvia’s Financial and Capital Markets Commission has withdrawn all operating licences for insurer Balva and issued a winding up order for the Riga-based firm.
Balva ordered to wind up operations by regulator
Latvia’s Financial and Capital Markets Commission has withdrawn all operating licences for insurer Balva and issued a winding up order for the Riga-based firm.
View from the Top: The result of clarity? Confusion
Regulatory transparency is set to make headlines with the Financial Conduct Authority due to report back this month.
International: Lost in the long grass
Will the final form of Solvency II – designed to harmonise capital adequacy across the continent – look anything like it was initially intended? And when, if ever, will it emerge?
Ex-RBSI claims trio targets insurance industry with advisory firm
A group of senior claims professionals have joined forces to target the insurance sector with the aim of helping firms navigate the raft of new legislation that is reshaping the industry.
Eiopa report is key milestone in Solvency II implementation says PwC
The publication of Eiopa’s long-term guarantee report could pave the way for political agreement on Solvency II, according to PwC.
Eiopa advises policymakers to scrap counter-cyclical premium in LGT report
The European Insurance and Occupational Pensions Authority has published the findings of the Long-Term Guarantee Assessment it conducted as part of political discussions on finalisation of the Omnibus II Directive.
The Co-operative plans stock market listing
Shares in the Co-operative Bank will be available on the stock market for the first time as part of a plan to strengthen its capital position to the tine of £1.5bn.
Government urged to take action on young drivers
A range of industries are calling on the government to take decisive action to stop the tragic loss of young lives on Britain’s roads.