Regulation
CMC industry continues to shrink due to regulation, MoJ reveals
Industry-wide turnover for personal injury CMCs has dropped 44% to £215m from £310m last year, as the industry continues to shrink as a result of government regulation.
Biba and Ageas renew calls for telematics tax break after record motor premium hike
Young drivers should be given a tax break on their motor insurance if they take out a telematics policy.
Enterprise liquidator tells policyholders to seek new cover due to claims uncertainty
The provisional liquidator of Gibraltar-based Enterprise Insurance Company has warned that it is uncertain the business has enough assets to pay claims.
Insurance Europe has doubts on services passport
Insurance Europe has questioned the ability of a services passport to ensure that a service provider is able to satisfy cross-border insurance obligations, in response to a European Commission consultation.
MPs call for a breakup of the FCA
A review on the possible breakup of the Financial Conduct Authority has been called for by senior MPs and the Treasury Select Committee due to ‘severe flaws’ in its past operations.
Enterprise collapse will affect 14,000 motorists
A Zurich-owned Managing General Agent will reimburse outstanding premiums to Irish motorists who have been affected following the collapse of Enterprise Insurance on Friday.
FCA report on widespread selling among ARs 'no surprise' to broker networks
Today’s Financial Conduct Authority report on the “serious and widespread” issues on the oversight of appointed representatives has come as no surprise to broker networks.
Former broker Craig Tracey to become co-chair of APPG for Insurance and Financial Services
Former insurance broker Craig Tracey is to take over as co-chair of the All Party Parliamentary Group for Insurance and Financial Services.
Blog: So what will Brexit mean for insurance claims staff?
Following the UK electorate’s vote to leave the European Union, there has been a lot of crystal ball gazing as to what it might mean for the insurance industry.
Aviva's Simon Warsop on flood resilience
Simon Warsop, chief underwriting officer for Aviva’s personal lines business, talks about recent flood debates and what action is needed now to protect homes and businesses next winter.
BIA 2016: People – young achiever, unsung hero, personality, achievement
Young Achiever Award; Unsung Hero; Insurance Personality of the Year; Achievement Award
Live webinars at 10:30AM and noon today on implications of Insurance Act
We are just five weeks away from the Insurance Act coming into law.
Expertise from A-Z: Taking stock of the year so far
Six months into 2016, what have been the highs and lows for the insurance industry – and what does the rest of the year have in store?
MGA looking to redomicile to Ireland following Brexit vote
A Kent-based intermediary has said “all options are open” following a Brexit vote, as its parent company CBL Insurance said the firm could redomicile to Dublin.
New passporting agreement with EU ‘will be straightforward’
Brexit will have little impact on the financial services sector and a workable agreement with the European Union will be “straightforward”, according to Managing Partners Group.
Brexit: Gender directive too costly too reverse claims AA
The prospect of gender equality for motor insurance being overturned has been raised and dismissed in the wake of UK voters electing to leave the European Union.
Brexit: Solvency II likely to remain says PWC
Solvency II will "almost certainly remain" according to PWC despite the UK voting to leave the European Union as too much time, money and effort has been invested in it and the regulation is enshrined in UK Law.
Blog: Don't rest on your SIMR laurels
After the flurry of activity ahead of the various Senior Insurance Managers Regime deadlines, some firms might have concluded that implementation is complete and it is now possible to relax into business-as-usual mode. However, major ongoing and future…
C-Suite Insurer: Ageas' François-Xavier Boisseau on why the Insurance Act will be a giant leap for insurance
Commercial insurance law is entering a new era of clarity
Video: Improving access to justice
The review into add-ons by the Financial Conduct Authority has pushed legal expenses insurance into the spotlight.
PRA approves Direct Line’s Group-wide internal model for Solvency II
Direct Line has confirmed it will use its group-wide partial internal model to calculate the Group Solvency Capital Requirement under the Solvency II regime, following approval from the Prudential Regulation Authority.
Zurich, Vnuk and broker commission in the news; new Airmic chair interviewed
Insurance news and Post exclusives of the past week, in case you missed it
Proposed changes to key EU motor directive praised but work continues for industry
The European Commission's third option to change the definition of vehicles in the Motor Insurance Directive is the UK industries preferred option but lobbying by trade bodies needs to continue to ensure this outcome.