Regulation
Budget 2011: KPMG backs Osborne measures
Professional services firm KPMG has welcomed the new tax measures laid out in Chancellor George Osborne’s 2011 budget.
Budget 2011: Budget offers “dual route for growth”
Responding to today’s Budget, Maggie Craig, acting director general of the Association of British Insurers, said that it offers a dual route for growth – boosting long-term investment and securing a competitive UK tax regime.
Budget 2011: "good budget for UK general insurance”
PWC has commenting on the news that tax relief has not been withdrawn for insurers’ equalisation reserves.
Budget 2011: UK growth forecast cut to 1.7%
Chancellor George Osborne has cut the growth forecast for the UK in 2011 from 2.1% to 1.7%.
Budget 2011: Lord Young recommendations to be implemented in full
Announcing the 2011 Budget, UK Chancellor George Osborne said the recommendations in Lord Young’s report on health and safety would be implemented in full.
RBSI ousts Esure to win Sainsbury’s Finance contract – Insurance News Now – 24 March 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories including the decision by Sainsbury’s Finance to replace its current motor insurance provider Esure, with Royal bank of Scotland Insurance.
RBSI ousts Esure to win Sainsbury’s Finance contract – Insurance News Now – 24 March 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories including the decision by Sainsbury’s Finance to replace its current motor insurance provider Esure, with Royal bank of Scotland Insurance.
FSA urged to reconsider financing plans
The Financial Services Authority has been urged to consider the “nature of the risk” of a firm and not just its size when implementing its funding proposals.
Margaret Cole set to oversee top regulatory conduct role
Margaret Cole, currently the director of enforcement at the Financial Services Authority, is set to temporarily become head of the Financial Conduct Authority – one of two new regulatory bodies to be formed in April.
Fitch: Solvency II impact “not as bad” as expected
Fitch Ratings has said the impact of Solvency II on insurers’ capital positions will be less significant than originally forecast.
Fitch: Solvency II impact “not as bad” as expected
Fitch Ratings has said the impact of Solvency II on insurers’ capital positions will be less significant than originally forecast.
FSA funding requirement rises 10% for 2011/12
The Financial Services Authority has set out its business plan detailing its priorities for 2011/12, which reveal a 10.1% increase in funding from £454.7m to £500.5m.
Former EMB boss takes top Towers Watson role
Towers Watson has appointed Rory O'Brien to lead its risk consulting and software business after Steve Taylor-Gooby steps down after 25 years at the company.
Forum of Private Business calls for end to Channel Islands tax "loophole"
The Forum of Private Business has called on the government to end the favourable tax regime of the Channel Islands.
Solvency II QIS5 revealed
The results of the quantitative impact assessment 5 for Solvency II are in and it is bad news for Europe’s small insurers. The regulator highlighted the strong capital position of the market but as Vic Wyman explains insurers still have plenty to be…
Post Europe: Solvency II QIS5 revealed
The results of the quantitative impact assessment 5 for Solvency II are in and it is bad news for Europe’s small insurers. The regulator highlighted the strong capital position of the market but as Vic Wyman explains insurers still have plenty to be…
LMA calls for removal of referral fees
The Transport Select Committee has missed an opportunity to call for a ban on referral fees for motor claims, according to the Lloyd's Market Association.
Government called to cut business red tape
Software company MSM has called on the government to cut red tape for businesses as part of its budget announcement next week.
Insurance investors “do not understand” risk appetite
Around of third of insurers believe that their own investors do not understand their risk appetite, a Towers Watson Solvency II QIS 5 survey has revealed.
Insurance investors “do not understand” risk appetite
Around of third of insurers believe that their own investors do not understand their risk appetite, a Towers Watson Solvency II QIS 5 survey has revealed.
Career development & CSR: ask the expert
I've heard that, later on this year, a new employment law will be passed, resulting in temporary workers having the same benefits and rights as permanent workers. Is this true?
Strategic technology Forum: data breach notification law is imminent for insurance industry
The insurance industry has been urged to prepare for potential new regulation, which will make it mandatory for companies to report any breaches of data management regulation.
Strategic Technology Forum: clarity needed on internet data collection legislation
More clarity on forthcoming European legislation surrounding internet data collection is essential, if insurers are to implement it properly. This was the view shared by consulting firm Promontory Financial Group with Post's Strategic Technology Forum…
Quality data essential to avoid banking problem repeat
Insurers must use top quality data when preparing for Solvency II to avoid the problems suffered by banks during their implementation of Basel II, technology firm CSC claimed.