Legislation
Winter storm learnings key for Flood Re's future
Learning from the December 2015 floods and longer term data trends will be key to making Flood Re a success, according to its CEO Brendan McCafferty.
UK cyber market to resemble US amid tougher EU penalty regime
The UK insurance market is expected to increasingly follow its US counterpart as incoming EU legislation substantially toughens up penalties for data breaches.
Blog: Poorly drafted MoJ Portal rules promote claims incubation
Relentless and often ill thought through changes to the civil procedural rules over recent years have acclimatised users to accepting poorly drafted rules which then require correction while in operation.
Rate reductions mooted as industry calls on government to follow NI lead on GDL
Pressure is building from the insurance industry on government to introduce graduated driver licensing across the rest of the UK, following the roll out of new laws for young drivers in Northern Ireland.
Blog: Solvency II to fuel further consolidation in 2016
During the last 12 months, insurers have responded to the prevalent commercial, economic and regulatory pressures by stepping up mergers and acquisitions activity, cutting costs and rationalising non-core activities.
Night-time curfews for young drivers to be introduced in Northern Ireland
A comprehensive package of new measures to improve road safety has been passed by the Northern Ireland Assembly that includes night restrictions on young drivers carrying passengers.
Europe: What the new privacy regulations mean for insurance services providers
It's almost upon us. After an epic journey, the much vaunted overhaul of European data protection rules has arrived, placing a tougher compliance burden not only on insurers, but also on companies that provide services to them.
Airmic urges buyers to take control through Insurance Act guide
Risk management association Airmic has today (6 January) launched its guide to the Insurance Act 2015, urging risk managers that it is their responsibility to take control of the buying process.
Contracting out of the Insurance Act 2015
The Law Commission has consulted with the insurance market over eight years prior to the Consumer Insurance (Disclosures and Representations) Act 2012 and the Insurance Act 2015. Both Acts were based on the market's view of best practice.
Proposal for compulsory pet insurance backed by software firm
Aquarium Software has backed calls for pet insurance to be made compulsory by law in Scotland as a step in the right direction for owners, animals, vets and insurers.
Europe: Russian insurance market, preliminary 2015 results and 2016 forecasts
Post asks experts at the Central Bank of Russia to share their views on how the domestic insurance market fared in 2015, and their predictions for the coming year.
Review of the Year: Legal
For insurance lawyers, 2015 has been marked by the Medco portal going live in a sustained effort to reform whiplash claims. But the year has also seen major rulings regarding aggregation, costs and rates, all expected to have wide-ranging implications.
Interview: Slater and Gordon: Not for the faint-hearted
Despite some setbacks, the Slater and Gordon management team remain committed to an international business plan rooted in consolidation and cooperation.
North of the Border: Stop the clock
When does a claimant run out of time to make a claim against losses?
C-Suite - Broker: On closer inspection
For the Insurance Act to work, insurers and brokers must agree what is classed as fair presentation.
Legal Update: Consultations on small claims limit won't be plain sailing
The personal injury reforms announced in the Autumn Statement are to be welcomed. But is Chancellor George Osborne being too bold when he packages them as part of a wider plan to reduce car insurance premium?
Blog: What insurers need to know about Flood Re and the flood levy
Flood Re is the new UK reinsurance vehicle, established to provide a pooling facility to insurers for flood risks they feel unable to retain in their portfolios.
EU parties agree cybersecurity legislation
Negotiators of the European Parliament, Council and Commission have agreed on the first European Union-wide legislation on cybersecurity.
C-Suite - MGA: A quick start could be golden
Pre-quote pre-cover surveys could play a huge part in keeping the customer happy.
Reserving certainty a fillip for insurers in Enterprise Bill amendment
A proposed amendment to the Enterprise Bill under consideration by the House of Lords is being championed as giving insurers more certainty around reserving for damages relating to late claim payments.
Fraud 2015: Collaboration is sharing knowledge not just data
There are too many databases and not enough pressure on the Claims and Underwriting Exchange to tackle fraud, Covéa Insurance’s head of financial crime told delegates at the Fraud Summit.
Blog: £700m earmarked for court efficiency reforms in the Spending Review
Chancellor George Osborne yesterday brought to an end speculation about whether funds for radical technology-driven reform to the court service would be made available.
C-Suite - Broker: Change looming
The Insurance Act will have a massive effect on the way clients, brokers and insurers interact
Legal update: Late revival but early introduction?
The market needs to consider the impact of late payment provisions now, says Nick Young