Deloitte
Regulatory changes cost the industry over €4bn in 2012
The top 40 European insurers are estimated to have collectively spent between €4.2bn and €4.9bn in 2012 complying with all new regulations, according to a report by Deloitte.
Investment: Diminishing returns
Insurers are predicted to find it increasingly difficult to make high yields from investments, so what can the industry do to turn the tide and increase returns?
Aon, Deloitte and Clyde & Co linked to rogue PI SOCA list
Aon, Deloitte and insurance law firm Clyde & Co have been named among the firms that appear on the Serious Organised Crime Agency’s list of organisations that used rogue private investigators, the Mail on Sunday revealed.
Private Equity: With the same brush
Industry insiders say that a recent report prescribing the pitfalls of private equity backing misrepresents the bigger picture. Are they right? Or is there hope on the horizon?
Interview: Biba's Steve White: Bold beginnings
From ‘shouting’ at the regulator to outlining a new segmentation strategy, new Biba chief executive Steve White has already ruffled more than a few feathers in his first 100 days in the hot seat. He tells Post he’s started as he means to go on...
Household: On shaky ground
With cracks beginning to show in the profitability of the household insurance market, is the sector set to crumble or are its foundations solid enough to see it through?
Treatment of G-SIIs must reflect differences between banking and insurance
The up-coming regulation around global systemically important insurers must reflect the fundamental differences between banking and insurance, Deloitte has said.
Barclays ends PPI complaints handling contract with Deloitte
Around 300 staff employed by Deloitte to handle payment protection insurance claims for Barclaycard were told their contracts would finish a month earlier than scheduled, The Times reported.
Deloitte and PwC welcome flood decision
Deloitte and PwC agree today’s agreement will benefit households at a high risk of flooding.
IFoA president calls for “ramped up” role for actuaries
Actuaries can play an increased role in business and public policy, the incoming president of the Institute and Faculty of Actuaries has said.
IASB insurance contract rules “a new world” for insurance
New rules on the accounting of insurance contracts represent fundamental change according to consultancies.
Improving customer experience through operational excellence - webinar
Facing ever-changing demands from the regulator and consumers alike, insurance providers must adapt their processes to produce a superior customer journey.
Market Moves: All quiet on the hiring front as industry resists major appointments
Recruitment activity was muted this week, with insurers unveiling just a smattering of hires and broker activity similarly low key. In an otherwise quiet period, Ace hired an environmental risk manager and Kiln appointed a new non-executive director. BMS…
UK motor COR improves but premiums expected to fall in 2013
The UK motor market saw its collective combined ratio improve slightly to 105% over the course of last year, but Deloitte has warned the market is only likely to become more competitive.
Improving Underwriting: The bigger the better
How is the move towards ‘big data’ from external sources helping insurers price risk in the post-Gender Directive environment?
Jobs at risk as KPMG feels bite of Solvency II delays
Up to 40 actuarial jobs are at risk at KPMG as the accountancy giant feels the pain of uncertainty around the timeline for Solvency II coming into force.
Legal reform will spark M&A for brokers, law firms and CMCs
Imminent changes to the legal landscape will lead to an increase in mergers and acquisitions among brokers, law firms and claim management companies, according to Deloitte.
Reinsurance: Superstorm in a teacup?
While destruction wreaked by Superstorm Sandy hasn’t hit the reinsurance sector as hard as might be expected, the market faces challenges in the shape of overcapitalisation and PPOs.
In Series: Outsourcing - Can't someone else do it?
Outsourcing administration can ease the pressure on staff, allowing them to focus on the jobs they were hired to do.
Household insurers to make profit in 2012
The household insurance market could make an underwriting profit for a second year in a row, according to Deloitte.
Lloyd's investigation into Utley to conclude next year
The Lloyd's investigation into three former senior figures at Equity Red Star, including Hastings Insurance Group chairman Neil Utley, could conclude around the middle of next year once the Accountancy & Actuarial Discipline Board completes its own…
RSA appoints Scicluna as chairman
Global insurer RSA has announced the appointment of Martin Scicluna as its new chairman.
In Series: External data perception - Changing perceptions
How can the industry make consumers more comfortable with the collection and use of their personal data?
Biba to discuss introduction of code of conduct for members
Brokers across the country could soon be expected to comply with an official British Insurance Brokers' Association code of conduct.