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Proposals for standardised contract law spark debate among UK insurers

Industry leaders have vowed to keep a close eye on EU proposals to harmonise insurance contract law across the continent, amid concerns that brokers could face policy wording headaches.

Insurer | 08 May 2012 secure

eu-flag-2
View from a car window on a motorway (Photo - Shutterstock)

Wunelli boss cancels telematics discussion amid insurer support

Wunelli chairman Sandy Dunn has announced his decision to abandon an industry seminar exploring the merits of a common standard for telematics data, following "almost unanimous support" from insurers.

Insurer | 23 Apr 2012 secure

thoresen-otto

Solvency II measures 'far from perfect'

Following the European Parliament Economics and Monetary Affairs Committee vote today, Otto Thoresen, director general at the Association of British Insurers, has urged finance ministers, the European Parliament and the European Commission to work...

Insurer | 21 Mar 2012 secure

European Parliament

Insurers still wary despite Solvency II deal ahead of vote next week

The European Parliament's two biggest parties have tentatively agreed to include measures related to Solvency II legislation that could save the industry billions and avoid a long delay to the rules' implementation, according to reports.

Regulation | 16 Mar 2012 secure

time

Solvency II Timetable Uncertainty: Stopping the clock?

Despite the EC's denials, rumoured delays to the implementation of Solvency II continue to echo around the industry. What are the implications of a postponement to the directive?

Regulation | 14 Feb 2012 secure

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The insurance business resource library

Insurance Hound

A free and easy-to-use digital library of briefings, white papers and reports updated on an hourly basis

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EC insurance unit head explores further regulation for claims activities

More than a decade after the idea of regulating loss adjusters and other claims-related service providers was first mooted, a new European Commission proposal could see the plan resurrected, Post has learnt.

Claims | 24 Jan 2012 secure

Jonathan Swift

Editor's comment: An unexpected return

The recent exploits of Robbie Keane, Thierry Henry and Paul Scholes have illustrated that you cannot keep a good player down. Even if many fans had expected never to see them grace a Premier League football ground again.

Regulation | 24 Jan 2012 secure

european

Expert analysis: Gender confusion

European Commission guidelines provide scant clarity on what is, and isn’t, deemed ‘new’, says Mathew Rutter.

Insurer | 17 Jan 2012 secure

gender-symbols

EC gender directive guidelines a ‘disappointment’

The European Commission’s guidelines for applying the soon-to-be-implemented gender directive have added clarity but have been labelled a “disappointment”.

Insurer | 10 Jan 2012 secure

gender-symbols

European Commission offers equality guidance to insurers

The European Commission has today adopted guidelines to help the insurance industry implement unisex pricing, after the Court of Justice of the European Union ruled that different premiums for men and women constitute sex discrimination.

Insurer | 22 Dec 2011 secure

European risk and insurance intelligence

Insurance Insight

Your one-stop-shop for all the news in the European, Asian and Middle Eastern insurance markets

Insurance Insight
A padlock on a hard drive representing cyber security

Data protection measures could increase demand for cyber risk products

DAC Beachcroft said that draft regulations from the European Commission on general data protection which recently appeared online will introduce “wide ranging changes” to the data protection regime in Europe.

Insurer | 16 Dec 2011 secure

European commissioner for justice fundamental rights and citizenship Viviane Reding

European Commission to propose additional contract law in October

European Justice Commissioner Viviane Reding is today meeting with leaders of European insurance companies to discuss European contract law in the insurance sector.

Regulation | 21 Sep 2011 secure

david-bearman-ernst-young

Time is running out to influence VAT exemption debate

A European tax expert has issued a stark warning to insurers stating that they have just 12 months to influence the debate surrounding the EU Commission’s tax review, which could spell the end to a long-held VAT exemption.

Insurer | 13 Sep 2011 secure

safefromharm

Risk update - Asbestos: Kept safe from harm

With the European Commission ordering the UK to amend legislation to ensure maintenance and repair workers are fully protected from asbestos, John Toms investigates the implications for the insurance industry.

Claims | 23 Aug 2011 secure

European Parliament

Insurance heavy-hitters demand regulatory co-ordination

Insurance and banking regulators should use the 12-month delay in fully implementing Solvency II to provide urgently required clarity and create a co-ordinated response to it and Basel III, according to the group chief risk officer at Zurich.

Insurer | 17 Aug 2011 secure

Comment

Lynn Rouse

Editor's comment: Fleeing the family nest

This week’s deal developments read like two coming-of-age literary fables written to reward hard work and endeavour, while...

Interview

JLT chief executive Dominic Burke

Interview: JLT's Dominic Burke - a thoroughbred performer

Horseracing-mad Dominic Burke has huge ambitions for JLT, with a firm focus on international expansion, and he scotches...

View from the top

David Reed

View from the top: Airline insurance - the risk remains

Despite 2012 losses being only 12% of the annual average to date, a single incident could flip the market, says David...

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Pitney Bowes 2012 Insurance Industry Report

2012 insurance industry report: The inside track to achieving a more sustainable business

To achieve a sustainable profit, personal lines insurers need to transform their retention rates, using modern communications techniques to engage with customers and understand their individual needs. This white paper is based on a specially commissioned study involving 42 senior managers at UK and Irish insurers.

Work equipment risks in the UK

Work equipment risks in the UK

The complex patchwork of legislation and guidance governing work equipment risks in the UK is an administrative monster that many businesses struggle to wrestle with successfully. It takes significant levels of technical expertise and resources to understand and effectively navigate the maze of legal requirements, and this problem grows increasingly unwieldy for smaller organisations with limited manpower and finances.

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