Legislation
Axa enters joint venture in Algiers
Axa has signed two shareholders’ agreements in Algiers to set up two life and non-life insurance companies in partnership with the Banque Extérieure d’Algérie and the Fonds National d’Investissement (the Algerian National Investment Fund).
KPMG welcomes run-off sector concessions under Solvency II
KPMG has welcomed a revised draft of the Omnibus II Directive which includes specific transitional arrangements fro (re)insurance companies in run-off under Solvency II.
Axa enters joint venture in Algiers
Axa has signed two shareholders’ agreements in Algiers to set up two life and non-life insurance companies in partnership with the Banque Extérieure d’Algérie and the Fonds National d’Investissement (the Algerian National Investment Fund).
Italian disclosure regulation
New contract disclosure rules have been introduced in Italy late last year and as Paolo Golinucci explains this is having a knock on effect for brokers in the open market.
Professional indemnity – the growth market
Professional indemnity was worth almost €6bn across Europe in 2010 and with changes to Italian legislation and increasing negligence claims Alan Leach explains how this market is sure to expand.
Solvency II: Insurer head Barou warns of x-ray vision approach to funds
It is almost impossible to have an "x-ray vision" of how your mutual funds will perform when it comes to assessing embedded risks in the new Solvency II environment.
Solvency II - Post implementation: Capital consequences
In the second instalment of a two-part article, Steven McEwan examines what will happen if the all-important capital requirements under Solvency II are breached.
Germany leads way in Solvency II preparation
UK insurers are better prepared for the upcoming Solvency II regulation than firms based in France and Italy, according to new research.
Solvency II: Evaluating structured products 'difficult'
Structured products are the most difficult assets to evaluate, according to BNP Parabis Cardif's head of analysis, research and development, Jean Christophe Barou.
Solvency II: FSA: smaller firms must address all pillars of Solvency II
Small firms have been urged to make sure they address Pillars II and Pillars III of Solvency II.
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: Chartis opens multinational centre of excellence
Chartis has launched a multinational centre of excellence to provide clients and brokers with a focused source of expertise and delivery for global insurance programmes.
MOJ refuses to comply with FoI requests for Jackson info
Three Freedom of Information requests from the Access to Justice Action Group have been refused by the Ministry of Justice.
Europe: Cyber liability - Iberian peninsula
European firms are increasingly being targeted by cyber criminals but there is no ‘one size fits all’ solution to legislation to protect the customer. Paul Skinner examines what firms need to do to ensure they have adequate risk mitigation and loss…
Cyber liability - Iberian peninsula
European firms are increasingly being targeted by cyber criminals but there is no ‘one size fits all’ solution to legislation to protect the customer. Paul Skinner examines what firms need to do to ensure they have adequate risk mitigation and loss…
Property claims: Surveillance legislation should hold no fear for insurers
Insurers have been told to embrace surveillance and that they have nothing to fear from the legislation surrounding it.
Exclusive Rome II and shared service centre content now available on Post Europe
Post Europe’s weekly update is now live with all the latest news and an article on how Rome II has impacted the European insurance market; as well as an article on the pros and cons of shared service and competence centres.
Post Europe: Rome II – Where are we two years on?
It is now over two years since the implementation of European Regulation 864/2007, better known as ‘Rome II’. Reviewing the legislation, Kelvin Farmaner and Paul Lavelle ask whether everyone is now clear on its scope and application.
Rome II – Where are we two years on?
It is now over two years since the implementation of European Regulation 864/2007, better known as ‘Rome II’. Reviewing the legislation, Kelvin Farmaner and Paul Lavelle ask whether everyone is now clear on its scope and application.
Legal expenses - ATE: End of the road?
With the government giving the green light to implementation of Lord Jackson's civil litigation reforms, Leigh Jackson details the adverse reaction of legal expenses insurers and whether this sounds the death knell for the ATE market.
Harmonisation needed for road safety in Europe claims MEP
With the cross-border enforcement of traffic rules, the European Parliament will make roads safer and reduce the number of fatalities and severe injuries dramatically.
Solvenct II - Investments: Straight to the heart
Solvency II is about much more than simple regulation and is already preoccupying chief investment officers. Ciara Searle examines the implications it will have for asset allocation and fund transparency.
Consumer insurance reforms will make it harder to turn down claims
The first changes to consumer insurance legislation in more than a century will prevent insurers from "hiding behind" unrelated errors to avoid paying claims.
Consumer insurance reforms will make it harder to turn down claims - Insurance News Now – 19 May 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including how, according to MP Jonathan Evans, the first changes to consumer insurance legislation in more than a century will prevent insurers from “hiding behind”…