Regulation
Post Magazine – 17 October 2013
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Road Traffic Act: Two-way traffic
Many motor insurers are in limbo because of uncertainty over the interpretation of a crucial section of the Road Traffic Act. However, a forthcoming Supreme Court judgment could provide much-needed clarity.
Legal Market: Joining forces
Mergers and acquisitions in legal markets show no sign of abating. But what is behind the desire to consolidate law firms, and what does it mean for the insurance industry?
Night curfews won’t work, warns Insure the Box
Banning young people from night-time driving would not help reduce premiums or improve driving behaviour, according to a report by Insure the Box.
Europe: Insurance valuation processes
How does insurance valuation practice differ in territories around the world? Nigel Wilson explains.
Mutual chief calls for Treasury support for Share Bill and better PRA engagement
The Government has been urged to get behind the Mutual Redeemable Share Bill that was introduced by Lord Naseby in July.
Compulsory licences for security firms present opportunity for insurers
New rules mandating licenses for private security firm could create opportunities for insurers, according to Dave Humphries director of partnerships and interventions at the Security Industry Authority.
IAIS plans global capital standard by 2016
Plans to develop a global risk-based capital standard for insurers by 2016 were unveiled by the International Association of Insurance Supervisors yesterday.
IAIS targets global risk-based capital standard by 2016
The International Association of Insurance Supervisors plans to develop a risk based global insurance capital standard by 2016.
Post magazine - 10 October 2013
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Q&A: Richard Ward: Passing the Lloyd’s baton
Reflecting on his time at the helm, outgoing Lloyd’s chief executive Richard Ward talks about the upcoming challenges for his successor and the legacy he is leaving behind.
Legal update: Health: An injection of guidance on cosmetic treatments will minimise insurance risk
Euan Milne looks at the lack of regulation in the cosmetic treatment sector and the recommendations proposed for training professionals.
Systemic risk: The burden of being big
What will the extra scrutiny that comes with being a global systemically important insurer mean for the nine firms given the designation?
Claims management: Crackdown
Do new measures aimed at snuffing out poor practice by claims management companies go far enough?
'Clear deadline' on Solvency II welcomed by consultants
The delay of Solvency II’s application date to 2016 has been welcomed by KPMG and PWC, citing the certainty the move will bring insurers, though doubts still remain over the new schedule.
Consultants welcome 'clear deadline' on Solvency II
The delay of Solvency II’s application date to 2016 has been welcomed by KPMG and PWC, citing the certainty the move will bring insurers, though doubts still remain over the new schedule.
Post magazine 3 October 2013
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FCA coy over telling firms to boost female headcount in the boardroom
Regulator ‘not looking specifically’ at issue but confusion surrounds CRD IV.
FCA finds no consistency in insurers’ private investigator use
The Financial Conduct Authority says there is no consistency in insurers’ use of private investigators following the release of a factsheet for general insurance companies today.
Ferma 2013: 'Twin peaks' regulation questioned by ex-EC Solvency II head
The former head of Solvency II at the European Commission has called into question the creation of the UK’s ‘twin peaks’ regulatory system for matters relating to the insurance industry.
Ferma 2013: Former EC Solvency II head questions 'twin peaks' regulator
The former head of Solvency II at the European Commission has called into question the creation of the UK’s ‘twin peaks’ regulatory system for matters relating to insurance.
Post magazine 26 September 2013
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Brand analysis: Market Forces
Despite economic constraints, regulation, boardroom reshuffles and reputational issues – the outlook for insurance brands remains positive.
Legal Update: Fraud: Following Irish fraud law could help UK insurers fight fabricated claims
Sarah Hill looks at the legal issues affecting insurers’ battle against fraud, including the Irish approach to ‘tainted’ claims and the incoming regulation of private investigators