Regulation
BIS Countdown - Patrick Snowball: A hostile climate
Faced with unsettled stakeholders and challenging operating environments, Patrick Snowball argues insurers must still prove they can lead reform from the front.
Brit motor boss warns haulage firms over EU regulation
Haulage companies in the UK have been warned they must increase uptake levels in the new EU-wide regime of driver certification of professional competence or else face "devastating ramifications”.
Post Magazine - 1 September 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Essex broker rebuffed by Qmetric over Primo name - Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories which include an Essex based insurance broker lodging a formal complaint against Qmetric for using the Primo trading title which it claims was its brand name first.
16 firms paid 92% of PPI compensation
The Financial Services Authority has said that 16 firms, representing 92% of all payment protection insurance complaints received in the first half of 2011, have paid a total of £215m in redress between January and June 2011.
Guernsey comes top in domicile poll
Guernsey's position as one of the leading captive insurance domiciles globally has been reinforced by the results of a new study into the sector.
Solvency II could contract personal lines insurance market
Nine out of ten senior financial services executives expect the costs of complying with Solvency II to force smaller firms to quit personal lines insurance unable to make a profit, reducing choice for consumers.
Insurance Insight weekly update live
Insurance Insight’s weekly update is live with an article on harmonising European compensation systems; and an article on the opportunities for brokers in the international PMI market.
Compensation harmonisation across the EU
The European Union has a raft of measures to try and achieve harmonisation between member states but as Sarah Hamilton reports there is a long way to go in achieving a single compensation system.
Phoney insurer stopped after Gibraltar regulator warning
The website of the alleged phoney car insurer Unique Car Insurance has been disabled after the Gibraltar Financial Services Commission warned the public the firm was not regulated as claimed.
Phoney insurer stopped after Gibraltar regulator warning
The website of the alleged phoney car insurer Unique Car Insurance has been disabled after the Gibraltar Financial Services Commission warned the public the firm was not regulated as claimed.
Risk update - Asbestos: Kept safe from harm
With the European Commission ordering the UK to amend legislation to ensure maintenance and repair workers are fully protected from asbestos, John Toms investigates the implications for the insurance industry.
Post Magazine – 25 August 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Ex-Swiftcover CEO Blowers back with new online start-up - Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories which include online insurance broker Qmetric has been granted full Financial Services Authority approval and is said to be a “few weeks” away from adding three major…
Misleading insurance advertisers will be named and shamed
City law firm Reynolds Porter Chamberlain has warned that any insurance broker or insurance company that markets its own product can be raked over the coals by the Financial Services Authority for misleading advertising.
Post Blog: Compliance management - a technological solution
Insurance providers today have to comply with a mountain of regulations spanning different geographic regions, business sectors and service levels.
Short selling poll results
Find out what the market voted for on banning short selling across Europe.
Law Society launches helpline for riot victims
The Law Society has launched a dedicated telephone helpline to direct the victims of the riots to free legal advice.
US insurers voice concern as Solvency II equivalency is raised
Connecticut insurance commissioner Thomas Leonardi has cautioned fellow regulators and other industry members that adoption of European regulatory changes, Solvency II as currently proposed could weaken consumer protections and stability of insurers in…
IIF warns of Solvency II implications on insurers' capital funding of banks
The Institute of International Finance has called for greater cross-sectoral coordination in developing regulatory reforms.
OFT clears Google of monopoly rule breaches
One of the UK’s largest aggregators has welcomed the Office of Fair Trading’s decision to clear Google of any monopoly rule breaches following its acquisition of Beat That Quote. Compare The Market said the merger creates “healthy competition”.
IIF pushes for distinct sector regulation
The Institute of International Finance has called for a “greater cross-sectional co-ordinated” response from the insurance and banking industries to ensure the sectors have separate regulation.
FCA needs to embrace true reform
Brokers tend to skirt warily around telling the Financial Services Authority what its business should be and how to go about it — for good reason, as Willis might testify. But I was surprised that trade representatives were so circumspect about its…
Technology focus - Cloud computing: Head in the clouds
The exact definition of cloud computing may be up in the air but a large number of companies have embraced it. Amy Ellis reports on the insurance industry’s take-up of cloud technology and the security implications involved.