Politics
Discount rate change could cost motor insurers £4.9bn
Motor insurers and reinsurers could face reserve charges of £4.9bn as a result of changes to the Ogden discount rate.
Catastrophe bonds: A good year for disaster
Catastrophe bonds were invented in the early 1990s to help insurance companies mitigate the risk of major disasters. With storms brewing both politically and environmentally, can the catastrophe bond market open new doors to insurers in 2017?
Nexus Group's Colin Thompson on the evolution of MGAs
With more than 300 UK-based managing general agents underwriting roughly £5bn - circa 10% of the UK general insurance market - the MGA is already firmly established within the London market providing a key access point to local markets and the ability to…
Motor premiums will ‘inevitably’ rise owing to discount rate changes
Motor premiums will “inevitably” rise again owing to potential changes to the discount rate, insurers have warned.
Brexit whitepaper confirms UK will negotiate for financial free trade
The government’s Brexit whitepaper has reaffirmed Theresa May’s promise to negotiate the freest possible trade in financial services between the UK and the European Union.
Public bodies forced to self-insure due to government cost cutting
The government is pushing public bodies to dramatically cut their commercial insurance costs, a Post investigation can reveal.
Post Power List 2017: Therese Coffey
Flood Minister and MP for Suffolk Coastal, UK government
Post Power List 2017: Donald Trump
President, US
Post Power List 2017: Elizabeth Truss
MP for South West Norfolk, and Lord Chancellor and Secretary of State for Justice
Post Power List 2017: Michel Barnier
Chief Brexit negotiator at the European Commission
Post Power List 2017: Theresa May
Prime Minister and leader of the Conservative Party
Editor's comment: The concept of power
Another year and another Power List from your team at Post.
Government apprenticeship reforms carry 'spectre of unintended consequences' says CII
The Chartered Insurance Institute said it is concerned over the “spectre of unintended consequences” following the implementation of the government’s planned apprenticeship levy.
This week: Decisions, scorecards and a viable alternative
After a slow start to 2017 I suddenly had lots of decisions to make this week about holidays, extracurricular activites and building plans (for my extension).
Discount rate review delayed despite court refusing ABI's appeal
The Association of British Insurers’ appeal to the High Court over the discount rate review has been refused.
Government publishes bill to trigger Article 50
The government’s bill to trigger Article 50 and exit the European Union has been published today with a Parliamentary debate scheduled to take place on Tuesday of next week.
Treasury Committee on Solvency II post-Brexit hears evidence from ABI and Lloyd's
Industry leaders gave oral evidence on Wednesday to a Treasury Committee on Solvency II post-Brexit.
Paris experiments with driverless buses
Paris began a three-month test of two driverless buses yesterday, in what is the first stage of the city's embrace of self-driving vehicles.
Triggering Article 50 will require an Act of Parliament
The Supreme Court has ruled by eight to three that the government cannot trigger Article 50 without an Act of Parliament.
Beale rules out Malta as post-Brexit Lloyd's base
Lloyd’s of London has ruled out Malta as the location for a European-based subsidiary, as the market continues to narrow its focus on a post-Brexit contingency plan.
Eight out of 10 PI jobs at risk from whiplash reforms
More than 35,000 jobs may be at risk if the government’s whiplash proposals go through, a macroeconomics consultancy has claimed.
Whiplash legislation ‘will commence’ later this month, minister says
The government will start drawing up legislation on whiplash reform this month, a finance minister said.
Biba launches its 2017 manifesto
The British Insurance Brokers’ Association has called for the government to commit to no further increases to Insurance Premium Tax and to negotiate for single market access in the EU exit.
LV's Martin Milliner on how getting whiplash right could restore faith in insurance
Working with government, regulators and trade bodies to build public trust in insurance is a common aim of our profession and more important than ever when considering today's unnecessary claims culture.