News
Risk modelling should have foreseen VW scandal, claims Russell Group
Volkswagen’s industrial-scale emissions fraud could have been better assessed using state-of-the-art scenario modelling.
Volkswagen to begin recall in January 2016
Troubled motor manufacturer Volkswagen will begin recalling cars that have been fitted with emission test-cheating software in January next year.
Harmer to succeed Wilkins as IAG CEO
Peter Harmer, CEO of IAG Labs, is to become managing director and CEO of Insurance Australia Group on 16 November.
FCA to introduce ban on pre-ticked add-ons from April 2016
The Financial Conduct Authority will ban the sale of insurance add-ons via pre-ticked boxes from April 2016 after a consultation found that customers were overpaying by as much as £200m per year for additional products.
Ferma 2015: Willis launches motor risk forecasting tool
Willis has launched a tool that allows risk managers to forecast third party motor risk across Europe.
Postscript: 8 October 2015
Fresh from Facebook; Did you see; The Big Picture and The Big Debate.
Ferma 2015: Insurance Act guide published for Ferma members
The Federation of European Risk Management Associations has today (6 October) published a guide for its members on the implications of the Insurance Act 2015.
Insurers need to act fast to take advantage of connected homes opportunity
Insurers need to act now or risk losing out on the significant opportunity provided by the rapid emergence of connected homes, CP Consulting has urged.
Ferma 2015: Businesses say cyber is the greatest threat
Cyber and IT-related risks are the most likely to occur and carry the greatest potential impact on operations, according to the 2015 International Business Resiliency Survey, jointly conducted by Marsh and the Disaster Recovery Institute International.
Ferma 2015: Ferma to forge relationship with systems provider Axco
The Federation of European Risk Management Associations is to partner with Axco Insurance Information Services to give its member associations access to Axco's database of global regulatory requirements.
Ferma 2015: Ferma appoints first CEO as Bindelle exits
The Federation of European Risk Management Associations has appointed Typhaine Beaupérin as its first CEO following the departure of executive director Florence Bindelle.
Ferma 2015: Lloyd's and Ferma to launch ‘masters' training programme
The Federation of European Risk Management Associations and Lloyd's today (6 October) launched the third edition of their joint professional development programme, including a masters' day for experienced risk managers.
Career Development: Allianz scholars celebrate graduation
Allianz’s Scholarship Programme, which actively supports brokers to achieve their Chartered Insurance Institute Diploma in Insurance in 18 months, celebrated the graduation of its first intake of personal lines scholars with a special event hosted by…
Career File: Benedict Burke: Crawford boss to be next CILA president
Crawford & Company’s head of global markets Benedict Burke has been officially unveiled as the next president of the Chartered Institute of Loss Adjusters.
Market Moves - 8 October 2015
All the latest movers and shakers on the insurance scene
Higos bolsters commercial offering with purchase of AJP Partnership
Higos Insurance Services has acquired independent commercial broker AJP Partnership.
Insurance Europe launch climate change awareness campaign
Insurance Europe has launched a new campaign to raise awareness about the need to take steps to limit global warming.
Co-operative insurance moved from subsidiary to main group
The Co-operative has moved its general insurance operation from its banking subsidiary into the main group.
Compre given capital backing for acquisition trail after CPBE deal completes
Private equity house CBPE Capital has pledged that extra capital will be available to fund acquisitions following the completion of its takeover of UK-based legacy specialist Compre for an undisclosed sum.
Benign weather coming to an end as insurers face up to climate change impact
Insurers have been told to brace themselves for similar losses to those experienced in the aftermath of the 2007 and 2013 floods as benign weather conditions subside and the impact of climate change increases over the coming years.
Ferma 2015: Crawford unveils financial lines claims service
Loss adjuster Crawford and Company has responded to growing regulatory action and tightening legislation by launching a new financial lines claims service throughout Europe.
Now Health releases cashless mobile app
Private medical insurer Now Health International has released an iOS app for claims, payments and to find medical providers.
Allianz and Axa are leading the global brand competition
Allianz and Axa are the only insurers in Interbrand's annual top 100 best global brands for the second year running.
China's Anbang invests in Toronto
Anbang Insurance has bought a commercial property in Toronto for C$110m (£55.5m).