Banks' reluctance to process payments is a major barrier for insurers wanting to conduct Iran-related business following European Union sanctions relief last month, while legal research has found remaining US primary sanctions are quelling the appetite of London market insurers to conduct Iranian business.
On 16 January, known as "implementation day", the vast majority of Iran-related EU sanctions and US secondary sanctions - those that target the conduct of non-US persons, including London-based insurers...
Russell Higginbotham, global head of life and health products for Swiss Re, has been appointed as the new president of the Insurance Institute of London.
With more than five million SMEs in the UK and a recent warning that up to 40% of these may be underinsured, it is time for the insurance industry to step up and start tackling this rising problem.
With 5.4 million SMEs in the UK, more can be done to enhance the claims service they receive
Has anything changed in the SME sector since the FCA’s thematic review? And if not, why not?