Bulgaria

Charles Manchester on brokers using unrated insurers

Brokers are regulated by the Financial Conduct Authority, so they don't really come into contact with the Prudential Regulation Authority, which is primarily concerned with the soundness of insurers, ensuring protection for policyholders.

Joining up the approach to weather in the Balkans

Weather related catastrophes are common in the Balkans but there is a perception there that the government will always be on hand to help. However, as Sam Barrett explains the only way forward is to create and develop a market to enable the transfer of…

Motor fraud – Balkan Peninsula

Crash for cash scandals have hit the headlines in the UK and, while the trend has reached Eastern Europe, Sam Barrett reports that counter fraud strategies are not yet able to beat the problem.

Dutch moves on IPT reflect European trend

While the legal requirement for insurers in Europe to have fiscal representation seems to be on the decline, Mike Stalley explains why the need for their presence could be great than ever.

Insurance Premium Tax changes

2011 brings with it many changes to insurance premium tax across Europe and a big headache for insurers operating locally in different countries or across multiple European territories. Edward Murray explains why it is key for insurers to be on top of…

IPT an "under-exploited" revenue source claims tax expert

A sharp increase in the number of insurance premium tax rate rises announced this year proves that governments are focusing more on this tax as a way of repairing public finances, according to insurance tax compliance specialists Fiscal Reps.