Politics
CII boss Fisher urges industry to seize opportunity on balancing gender pay
One of the most high profile women within the UK general insurance community has urged the industry to become a “model example” of how to balance gender pay in the financial services sector.
Spotlight back on GI equality as government gender pay gap plans are unveiled
General insurers are pushing ahead with plans to strengthen workplace diversity and equality in the industry amid government proposals to force large companies to reveal their gender pay gap.
ABI warns against further IPT hike in March budget as home premiums rise 3.1% in three months
The Association of British Insurers has warned the government against rolling out a further rise in insurance premium tax in the Chancellor’s upcoming budget, as independent research reveals a 3.1% rise in home premiums in three months.
Industry will have time to deal with business implications of Brexit
Market commentators are divided over whether it is too early to start contingency planning ahead of the planned referendum on the UK's membership of the European Union, despite a senior Lloyd's official warning the sector to be prepared for all possible…
MoJ proposes capping CMCs' PPI fees
The Ministry of Justice has proposed capping fees charged by claims management companies handling mis-sold payment protection insurance claims, in a consultation launching today (15 February).
The Post Power List 2016
In a year where regulation, natural disasters, consolidation and cyber/digital again look set to make waves, and when the country could learn if it’s in or out of the European Union, Post had a mind mapping session – with a bottle of wine – to see who…
IPT to blame for increase in building and contents premiums
The cost of buildings-only and contents-only insurance rose 3.5% in the most recent quarter, which can be largely attributed to the Insurance Premium Tax hike, according to the Association of British Insurers.
Political Violence: Trail of ruination
It is not just people who are at risk from terrorists; economies are also the targets – so what can insurance offer as protection?
UK authorities right to flag Solvency II concerns prior to 2018 review
Wide-ranging criticism of the nascent Solvency II regime by the UK has received initial support, despite the fact that the regulatory system is little over a month old.
Competition concerns spark UK government's call for Solvency II changes
Certain elements of Solvency II could be changed if concerns expressed by the UK government and regulators about the EU regime sparking anticompetitiveness are heeded.
Industry urged to flag implications of stricter health and safety rules
Allianz Commercial has highlighted the role of insurers and brokers in ensuring clients are fully aware of their health and safety responsibilities in light of the introduction of stricter sentencing guidelines.
Bailey challenged to prove his independence in FCA role
Incoming Financial Conduct Authority CEO Andrew Bailey has been challenged by an MP to prove his independence from the government after accusations he was "hand-picked" by Chancellor of the Exchequer George Osborne to take on the role.
C-Suite - Insurer: Brexit: what could it mean?
Uncertainty over the UK’s membership of the European Union is causing discomfort at senior level.
Government pledges £20m for driverless cars projects
The government has announced a further £20m of funding for projects developing driverless cars with consortia including members such as Axa and Direct Line Group among the beneficiaries.
Heathrow pods to be modified for London driverless car trials
Driverless "pods" currently being used at Heathrow Airport will be adapted to navigate the streets of Greenwich, in London, as part of the Gateway driverless car project.
Industry bosses encouraged to take on 'hundreds' more apprentices
The Prime Minister’s advisor for apprenticeships has called on the insurance industry to do more to embrace apprenticeships by taking on “hundreds” of new starters.
CII launches employer apprenticeship guide
The Chartered Insurance Institute has launched its employer apprenticeship guide as part of a drive to support firms with an appetite to take on apprentices.
Fraud Focus: Looking to the future
Insurance Fraud Taskforce recommendations will ensure government stays focused on fighting fraud.
ABI adds new role to focus on devolved nations
The Association of British Insurers has created a new role to specialise in policy for Scotland, Wales and Northern Ireland.
NAHL says taskforce report no threat to short-term performance
National Accident Helpline generated reduced revenue in the second half of 2015, according to a trading update from NAHL Group which expects to report that revenues are up 15.7% for the year ended 31 December 2015.
Government challenged to instigate fraud taskforce recommendations
The insurance industry has praised the final report of the Insurance Fraud Taskforce with the mantle now passed to government to work on implementing the suggested reforms.
Fraud Taskforce report hailed by insurers
Insurers have welcomed the final report published by the Insurance Fraud Taskforce, particularly the recognition of the complexities of tackling insurance fraud.
Fraud taskforce calls for SRA and government action in final report
The government has been challenged to deliver a regulatory strategy to clamp down on nuisance calls as part of the Insurance Fraud Taskforce’s final recommendations, which also call on the Solicitors Regulation Authority to get tougher on fraud.
Biba Manifesto 2016: Elderly customers agreement extended with ABI
The British Insurance Brokers' Association and the Association of British Insurers are continuing their 2012 agreement with government to improve transparency and access to insurance for elderly customers.