Regulation
S&P predicts Solvency II will be delayed until 2016
Standard & Poor's has warned that Solvency II could be delayed for a further two years as the relevant parties have failed to agree on the European directive.
ABI and Lloyd's welcome government tax cuts
The Association of British Insurers has welcomed the government's plan to reduce corporation tax to 21% in 2014.
Capco to offer insurance services in Europe
Global business consultancy Capco will offer insurance services throughout the UK and continental Europe.
Changing regulations could see insurers increase lending role
European insurers have untapped potential as investors and sources of funding, according to a study published by Allen & Overy.
Solvency II principles 'ruined' by implementation
Frustration in the insurance industry over the introduction of Solvency II is at an all-time high, according to new research.
Solvency II considered 'too complicated’, research finds
The insurance industry is increasingly critical of Solvency II, with a large number claiming the principles of the directive had been “ruined” by the implementation.
European Commission insurance boss van Hulle steps down
The European Commission's insurance head, Karel van Hulle is to retire at the end of January.
Ferma opposes environmental liability fund
The Federation of European Risk Management Associations has urged the European Commission not to create of a fund to cover environmental liability and losses resulting from industrial accidents.
Insuring Iran
In July the European Union put in place sanctions designed to limit the provision of insurance to the Iranian crude oil sector. Francesca Nyman takes a look at how the market reacted and asks if insurance is still available.
CII issues equality and diversity good practice guidance
The Chartered Insurance Institute has launched a new equality and diversity good practice guide for members, employers and the insurance and financial services professions to raise awareness and encourage best practice.
Square Mile obtains CII broking status
Commercial insurance brokers Square Mile has been awarded Chartered Insurance Institute status, having met the criteria relating to professionalism and capability.
IFED and IFB head to parliament
Members of the Insurance Fraud Enforcement Department and the Insurance Fraud Bureau gave an update on their fight against insurance fraud at the All Party Parliamentary Group on Insurance and Financial Services today.
Biba asks Chancellor to consider the FSCS funding model
The British Insurance Brokers’ Association has urged George Osborne to “ensure appropriate and proportionate” regulation for brokers and to consider the Financial Services Compensation Scheme funding model for his Autumn Statement submission.
Indirect tax changes to hit European insurers in 2013
Insurers should brace themselves for an unprecedented level of indirect tax changes in Europe in 2013, intensifying the challenge of maintaining tax compliance.
Paterson denies breakdown in flood negotiations
Environment secretary Owen Paterson has rejected claims that government talks with the Association of British Insurers have "stalled".
Insurers face ‘unprecedented’ tax bill
Insurers face an unprecedented level of indirect tax charges in Europe and, therefore, a tougher challenge of maintaining tax compliance, according to Fiscal Reps.
Head hunters appointed to find new Biba chief executive
The British Insurance Brokers' Association has appointed head hunters Per Ardua Associates to find a replacement for chief executive Eric Galbraith.
FUEDI and CILA to demand IMD II clarity from Europe
The Chartered Institute of Loss Adjusters is becoming increasingly frustrated at being left in the dark as to how the "light touch" Insurance Mediation Directive will affect its members.
Insurers likely to back scrapping of motor insurance certificates
The insurance industry is likely to respond positively to the Department for Transport's proposal to eliminate motor insurance certificates.
Insurance Europe president calls for vital Solvency II solutions
The European insurance industry supports the goals of the forthcoming Solvency II regulatory regime but vital issues still need to be resolved, Insurance Europe’s president, Sergio Balbinot, told the Eiopa conference in Frankfurt today.
Axa confirms Taiwan exit
Axa is withdrawing from Taiwan after failing to gain a licence from the country's regulator.
Solvency II uncertainty challenging EU credibility, says Bernardino
Gabriel Bernardino today called on EU politicians to give a "strong commitment" towards the implementation of Solvency II, in order to prompt a clear and credible timetable for delivering the regime.
Top five European stories
The top five European stories from www.insuranceinsight.com over the past seven days.
MoJ proposes fixed recoverable costs for portal claims
Road traffic accident claims worth up to £10 000 will qualify for fixed recoverable costs of £500 under Ministry of Justice proposals for cutting legal costs for claims that fall within its RTA portal.