Post - 2012-10-25
Articles in this issue
Libor scandal: Coping with financial fallout
The Libor scandal has rocked public confidence in the financial services sector, but what impact will it ultimately have on the insurance industry?
Spotlight on Economy and Society: Insurance to the rescue
From the development of new technology to innovations in micro insurance, the insurance industry can play a major part in stimulating global economic growth.
North of the border: Longtail liability test
Local authorities glimpse significant savings in a mesothelioma judgment that is likely to be appealed, says Kate Donachie.
Thailand floods: Back in business
The scale of the Thailand floods was not the only element to hamper recovery - they exposed a lack of loss mitigation and recovery knowledge in Asia.
Spotlight on Economy and Society: Big money in micro insurance?
Eager to tap into new markets, insurers are forming new micro insurance partnerships in the far corners of the world.
Solvency II: The waiting game
With the possibility of further delays to the implementation of Solvency II seeming ever more likely, what will be the impact on insurers?
Interview: Kevin Wood - creating a silver lining
Taking over the reins at the Chartered Institute of Loss Adjusters just as Merlin went into administration, Kevin Wood is determined to continue the trade body's promising work.
Fraud 2012: App fraudsters 'going back to basics' to beat security
The role of brokers in weeding out application fraud is to grow as improvements to online security drive fraudsters back to phones and branches, according to a panel of industry experts.
Fraud 2012: Don't overuse meta-data, BLM warns insurers
Insurers must be cautious not to over-apply for evidence drawn from telematics technology when building fraud prosecution cases, according to partners at law firm Berrymans Lace Mawer.
Fraud 2012: Fraudsters target insurance because it's 'easy'
Fraudsters target insurance "because it is easy", according to Professor Martin Gill, director of Perpetuity Research International.
Spotlight on Economy and Society: Run for cover
Underinsurance is an on-going issue for the industry and, without a concerted effort to tackle the problem, the effects of the financial storms may continue to strike.
My Best XI: Steven Williams, Go Compare
Steven Williams, the new product development manager at Go Compare, selects his Best XI for a start-up insurance company. As well as a range of brokers, online specialists and telematics providers, two Welsh footballing legends are chosen in attack,…
BGL Group to target Brazil, India and Turkey as it seeks to widen footprint
Compare The Market parent BGL Group is eyeing opportunities to extend its aggregator reach into Brazil, India and Turkey, according to chief executive Peter Winslow.
Market moves: CEO change at Willis takes the headlines
Recruitment news this week was dominated by the appointment of a new group chief executive at Willis, after long-serving CEO Joe Plumeri announced that he is standing down early in 2013 after 12 years, and the appointment of a new broking CEO at Hastings…
View from the top: Risk ready for Rio
With London 2012 behind us, Rio 2016 offers another sensational showcase for global risk management, says David Ross.
View from the top: The changing face of risk
A recent Europe-wide survey of risk managers identified the top issues keeping board members at major corporations awake at night, says Nigel Bamber.
Marsh backing Project Noah despite rival Aon joining flood insurance race
Aon Benfield's decision to unveil a reinsurance-based flood risk solution has sparked a bullish response from rival Marsh's top flood specialist, who claimed that the launch of his firm's Project Noah proposal is imminent.
Aviva's Spencer admits Lloyd's re-entry still possible
Aviva’s new chief executive of general insurance in the UK & Ireland hopes to stay in his new role for at least three to four years in a bid to bring some continuity to the business he joined 17 years ago.
Cooper Gay targeting acquisitions by end of the year following Lightyear deal
Cooper Gay Swett & Crawford is aiming to make acquisitions by the end of the year after private equity firm Lightyear Capital took a 55% stake in the company.
Casserley appointed Willis CEO as Plumeri departs
McKinsey and Company partner Dominic Casserley, pictured, has been named as the next chief executive of Willis, following the news that CEO and chairman Joe Plumeri is due to step down after 12 years in the role.
SRA warns industry to take new referral fee rules seriously
The Solicitors Regulation Authority has warned the industry that it will clamp down on any firms that breach new rules governing referral fees due to come into force in April.
Lloyd's syndicates queue up to use IFED services
At least nine Lloyd's syndicates are understood to be in talks with the Association of British Insurers and the Insurance Fraud Enforcement Department with a view to using the service.
Start-up chief promises to learn from past mistakes as launch is delayed
The team behind start-up venture Quotall is due to begin previews of its insurance broker software next month.
Editor's comment: Causing tremors in the industry
You don’t have to look far for evidence that a ‘blame culture’ is spreading in our society, but there are surely few examples as alarming as the manslaughter convictions of six Italian scientists who failed to predict that a deadly earthquake would…