Compliance
Airmic 2011: Global insurance compliance is fastest-rising concern
The compliance of global insurance programmes is the fastest-rising concern amongst Airmic members, according to the result of the risk management association’s latest survey, ranking second only to reputational risk as their main worry.
Airmic 2011: A guide to international compliance obligations
A guide to help members ensure their insurance programmes comply with international regulations and tax rules has been published by Airmic.
European insurers call for Solvency II non-compliance fines
European insurers would like to see the European Insurance and Occupational Pensions Authority fining regulators where Solvency II is not applied equally across the European Union.
Editor's comment: hard work starts here
The British Insurance Brokers' Association must be feeling pretty vindicated and pleased with itself right now — and justifiably so.
Disappointment over 10% increase in FSA funding
The insurance market has expressed disappointment at a 10% increase in the Financial Services Authority's funding requirements during 2011/2012.
Why US Federal Excise Tax matters to Europe
The US Internal Revenue Service is keen to combat tax evasion and is tightening its federal excise tax enforcement procedures. Asher Harris looks at affect FET has on European insurers doing business with US firms and the resultant cascading effect.
Aviva seeks to double online
Aviva has unveiled plans to double the volume of business conducted through its commercial e-trading broker platform.
Consolidator bids down from 49% to 31% in 2010
Regulation, compliance and organic growth are the most important issues facing brokers, according to a survey from Datamonitor.
BCIS offers free pilot
ReAssess, a new tool to help insurers more accurately assess their reinsurance needs has been launched by The Building Cost Information Service of the Royal Institution of Chartered Surveyors.
Nationals call for FSA talks as Towergate seals £200m deal
Chief executives from some of the UK's largest brokers have called for a meeting with the Financial Services Authority to discuss concerns over the increasing level of intervention in compliance issues by the regulator.
Momentum aims to help broking start-ups
A former managing director at Oval is set to target disgruntled account executives within consolidators through the launch of a start-up.
Roundtable - mergers & acquisitions: Cautiously navigating the upturn
Recession and recovery, global ambition, super-mergers, market appetite, pricing, marrying business cultures and managing brokers' expectations were all topics of deeply involved discussion as a panel of industry big-hitters jousted at a recent Post and…
Ceiops' IMD delay raises hopes over review outcome
The five-month delay of the Committee of European Insurance and Occupational Pensions Supervisors' submission to the European Commission on the revision of the Insurance Mediation Directive demonstrates the complexity of opinion on the subject, according…
Postbox: Brokers don't need to be alone in tough times
As reported in The Daily Telegraph this week, Towergate's Peter Cullum has warned that too many businesses are "traumatised" by the recession and are failing to prepare for the future, and that now is the time to be planning "transformational changes…
Exclusive compliance content now available on Post Europe
In our latest article Aia Software’s Mike Davies tackles the tricky issue of document compliance for European insurers operating across multiple territories and languages.
European document governance and compliance
Compliance around key insurance documents can be a governance nightmare leading to reputational damage and regulatory penalties for European insurers operating across multiple territories and languages. However, Mike Davies explains how applying best…
Exclusive compliance content now available
In our latest article Aia Software’s Mike Davies tackles the tricky issue of document compliance for European insurers operating across multiple territories and languages.
UKGI head: independent brokers value their freedom
UKGI, the compliance services business for independent brokers, is launching a host of new market-facing services, including a new website and marketing support services, to help brokers grow long term profitable business.
FSA hands out £10k broker fine
The Financial Services Authority has fined David Head, director of Essex based mortgage and insurance broker network FT Compliance Services £10,500.
Rehabilitation - PAS 150: Starting the journey
In the second article of a two-part series on the new rehabilitation code of practice, Lynn Rouse explores concerns about cost, cohesiveness and potential public sector failure to join their private provider counterparts in the journey to compliance.
Eight-fold fee hike slammed
The British Insurance Brokers' Association has urged members to take an active role in an upcoming consultation of Financial Services Compensation Scheme levies to help reduce the burden of fees on intermediaries.
Postscript - 10 years ago: Rule book gets cautious welcome
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Comment: Everything to play for
Solvency II has created a cloud of uncertainty over captive insurance companies. Alan Fleming explains.
Solvency II fears
One third of UK insurers are not confident that the industry will be able to achieve compliance to the Solvency II rules by the 2012 European Union deadline.