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...
LV CEO Richard Rowney has been appointed to the board of the Association for British Insurers, to replace retiring LV CEO Mike Rogers.
Telematics data has been used for the first time to successfully defend a policyholder in a liability trial at Wandsworth County Court.
Hiscox could set up a separate EU registered business if the UK loses access to the common market, the company’s CEO has said.
Blog to the future: One day, more than 10 customer interactions – could this be an insurer reality by 2030
The alarm goes, it is 6:45am on 25 July 2030; and the first thing you do is check your Healthcare Insurer-provided wearable tech-band to see how your sleep rated.