Regulation
View from the Top: You can’t keep a good broker down
With the British Insurance Brokers’ Association conference taking place this week it seems appropriate to consider the sheer resilience of the independent broking sector in the UK market.
View from the Top: The slow pace of regulation
Only consistent and uniform implementation across the entire continent will bring benefits.
Mass welcomes Grayling’s call for lower insurance premiums
The Motor Accident Solicitors Society has welcomed Chris Grayling’s challenge to the insurance industry to bring down premiums.
Post magazine – 9 May 2013
How do your customers rate the claims service you provide? Probably not as well as you think.
View from the Top: Harmonising ASEAN insurance regulation
Steven Dewhurst, a partner at DAC Beachcroft, asks why the ASEAN Economic Community is taking so much time to bring about intra-regional regulatory harmony.
Broking Supplement: Comment - Steve White
Biba's new chief executive Steve White looks forward to the challenges he will face in his new role.
Broking Supplement: Terms of Business Agreements - On our terms
The ABI and Biba got together at last month's Broker Insurer Forum to agree a standard Terms of Business Arrangements template. Post finds out what impact it will have on the industry.
Broking Supplement: Taking heads - Matters of opinion
The last 12 months have been busy for the broking sector with a new regulatory regime, the continuing financial crisis and the battle against the current Financial Services Compensation Scheme all occupying the minds of intermediaries. Post caught up…
Hong Kong's regulator comments on RBC timetable
As Hong Kong's insurance industry prepares for a risk-based capital regime, Insurance Insight asks Annie Choi, Commissioner of Insurance at the Office of the Commissioner of Insurance Hong Kong, about the implementation timetable.
Post magazine – 2 May 2013
The latest edition of Post magazine is now available to subscribers as a digital and interactive e-book.
Regulatory uncertainty raises domicile questions
Splitting tax domiciles and regulators could be an enticing prospect for insurance groups looking to avoid the European Union’s Solvency II regulations.
Lords’ EL U-turn brings uncertainty and will lead to satellite litigation
Insurers have been warned they may face increased indemnity spend for employers’ liability claims, as legislation passed by the House of Lords last week in the form of the Enterprise & Regulatory Reform Act 2012 will require time-consuming and costly…
Editor's comment: A bit of common sense
Last week, the House of Lords turned back the clock 100 years on employer liabilities for breaches of health and safety duties and passed what has been referred to in its very chambers as an “ugly” part of the Enterprise and Regulatory Reform Bill.
BVI sees captive flight
The British Virgin Islands has seen its popularity as a captive destination decline over the last few years, according to a report by research firm Timetric.
DAS targets post-Laspo landscape following 2012 GWP growth
The DAS UK Group increased gross written premium by 10.5% last year, while returning a profit of over £11m before reinsurance and tax.
Telematics Expo: ABI pre-empts telematics regulation with new guide
Trade bodies can play an important role in the development of the telematics industry, particularly in warding off the threat of regulation, according to Association of British Insurers policy adviser Ben Gaukrodger.
Top 5 European news stories
The top five stories from www.insuranceinsight.com over the past seven days.
Indonesian flood scheme fails
Insurance companies have been forced to drop a scheme for simplified premium rates for property protection against flooding following a complaint from the Business Competition Supervisory Commission.
Hong Kong gears up for Solvency II style regime
The Office of the Commissioner of Insurance in Hong Kong has hired KPMG to help produce a framework for a risk-based capital regime by the end of 2013.
Balva policyholders warned to seek alternative cover before renewals
JLT Specialty has warned law firms insured by Balva to take swift action or risk being left in the lurch at renewals.
Guernsey reaps rewards for SII non-equivalence
Guernsey’s decision not to be a part of EU’s Solvency II has strengthened the country’s captive insurance sector – making it the largest in Europe today, according to a report by Timetric.
Romania brings financial services under single regulator
Romania is to bring the supervision of insurance, pensions and the stock exchange under the remit of a new financial watchdog.
Quindell expands ranks with Crusader acquistion
Quindell Portfolio has acquired motor claims management specialist Crusader Assistance Group Holdings in a £9m deal, subject to regulatory approval.
Interview: Frank Pinder: leading the fraud fight
With US investigation specialist Global Options seeking to bring its zero-tolerance approach to insurance fraud across the pond, its president explains why regulation and professionalism are key to better detection