Regulation
Law commissions proposals will lead to premium rise, says ABI
The Association of British Insurers fears the law commission proposals on insurance contract law will lead to an increase in premiums.
Moody's completes £50m Barrie & Hibbert buyout
Moody’s Corporation today announced the capture of Edinburgh-based risk management modeling firm Barrie & Hibbert in a deal worth £50m.
EC data protection regulations could generate opportunities for cyber insurers
Draft regulations from the European Commission on data protection will impose significant demands on businesses and could generate new opportunities for cyber insurers, according to law firm DAC Beachcroft.
View from the top: Regulation - it’s a matter of the right amount
Time and again, debates rage as to the role of the European Central Bank in the crisis.
Insurance certificates removed from road tax application process
Motorists will no longer be obligated to produce a certificate of insurance in order to purchase road tax amid new government plans geared towards clamping down on forged documents.
Your say: Environmental lobby stance
I read the article on fire protection sprinklers, The market needs saturating with interest, and agree with Andrew Miller that the environmental issues could be used as an extremely effective argument in the UK to lobby government.
Ask the expert
Do you have any feel for what recruitment trends are likely to arise in 2012 within the insurance industry?
Interview - Edward Fitzmaurice: Broking promises
With Hastings Direct on the cusp of becoming a top five broker and securing its one millionth customer, 2012 could be a landmark year for chief executive Edward Fitzmaurice
Post magazine – 15 December 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Practical guidance can reduce risk managers' attention from regulators, says Ferma
Practical guidance on implementing European company law requirements on risk management, internal control and internal audit can help reduce regulatory attention, according to the Federation of European Risk Management Associations and European…
O’Roarke and LV management team extend contract until 2016 – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including how LV general insurance MD John O’Roarke is targeting an increase in SME and home insurance business having signed up to a new four-year deal at the firm.
Regulatory enquiries tops list of directors' concerns
Company directors are beginning to face intensified liability risks in the wake of the ongoing economic crisis, with regulatory investigations and enquiries posing the greatest perceived threat to insurers.
Overseas focus - China: a market of opportunity?
With an enormous population and low insurance penetration, China should be a market ripe for entering. Jakki May finds out it isn't as simple as it sounds but reveals an appetite for change and growth.
Post magazine 2015 features list
Since January 2012, Post magazine has been running its features on a monthly, rather than an annual basis. For updates contact commissioning editor Rachael Adams.
Indian parliamentary committee rejects proposal to raise FDI cap
India’s parliamentary standing committee on finance has rejected the government’s proposal to increase the cap on foreign direct investment in insurance from 26% to 49%, according to India Today.
Guest blog: Market cycles, cost of reinsurance and the Middle East
In the course of the year, concerns over the rising cost of regulation with impending Solvency II have been heard, even by Ferma’s Peter Von Dekker, as a cost that is ultimately likely to be absorbed by consumers.
Final Solvency II deadline for Jan 2014
Insurers will be expected to fully comply with Solvency II by 1 January 2014, according to financial secretary to the Treasury, Mark Hoban MP.
Gender ruling poses both 'opportunity and threat'
Deloitte has warned industry leaders that the introduction of rules banning the use of gender as a pricing factor could have a “huge effect” on premiums for a wide range of policies.
OFT refers private healthcare market to Competition Commission
The Office of Fair Trading has decided to refer the market for privately funded healthcare services in the UK for further investigation by the Competition Commission.
ABI wants Solvency II to aid investment
The ABI has warned that the Eurozone crisis would not hold up Solvency II, but the new rules for how insurers hold capital should recognise the need for investment in long term projects needed for economic growth.
Young women could see 11% rise in car premiums due to gender ruling
A study quantifying the economic impact on European consumers of the EU's gender ruling will hit young women hardest, with an 11% rise in car insurance premiums.
Motor reform threatens Chinese non-life market
Commercial motor pricing reform and a worsening underwriting deficit of compulsory third liability are threats to the stable outlook of the Chinese non-life market, according to a recent report.
Talanx licenses Towers Watson software for global risk management
Talanx has purchased Towers Watson's financial modelling and reserving software to harmonise its regulatory capital reporting.
Regulation still thwarts China expansion
Property and casualty insurers still consider China’s tight regulatory environment as the top concern, a report from PWC has found.