Insurers need to make further efforts to focus on the customer and build trust if they are going to address the $1.2tn (£920bn) global protection gap, a conference heard.
The Institute and Faculty of Actuaries is appealing against an employment tribunal ruling that ordered it to payout nearly £38,000 to a Zurich employee, Post has learned.
John Titchener, group compliance director for Ecclesiastical, will retire later this year.
180 LV staff faced redundancy as a result of the Allianz commercial business transfers, with around nine in ten (90%) having found roles elsewhere.
Danish unrated insurer Gefion cannot enter new lines of business or branch out into further territories until it can meet its solvency capital requirement, the regulator has ordered.
Several “significant” key risks of harm have been highlighted by the Financial Conduct Authority in an update to insurer boards.
Insurance firms must be proactive in tackling “unhealthy” culture issues and misconduct, the Financial Conduct Authority has warned CEOs.
Pet insurance insurtech Bought By Many has engaged with a number of larger funds as it edges towards a Series C fundraising round in the coming months, CEO Steven Mendel told Post.
The government has added £2m to a fund to help farmers who suffered "uninsurable" damage during last year’s floods.
Andrew Bailey, CEO of the Financial Conduct Authority, will take over from Mark Carney as governor of the Bank of England in March.
The government will take steps to ensure long-term market access for UK and Gibraltar financial services firms, according to a Queen’s Speech briefing document.
The government has outlined plans for a capped compensation scheme for Thomas Cook customers suffering “the most serious hardship” from injuries or illness.
The Bank of England is consulting on proposals for its 2021 Biennial Exploratory Scenario exercises, which will test the resilience of banks and insurers to various climate scenarios.
Hastings’ former group chief financial officer, Richard Hoskins, will join BGL as an independent non-executive director in January.