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AIG announces $100m BPO contract with Accenture

Accenture has signed a 10-year, US$100m business processing outsourcing agreement with AIG Europe to provide an IT platform and insurance support services to AIG Entrepreneur, an AIG unit specializing in Property and Casualty insurance for small and medium enterprises.

The agreement which aims to maximize operational efficiencies and enhance services will be implemented in several European countries starting initially with France. Services will be provided to AIG

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FCA vows to keep pressure on premium finance APRs

The Financial Conduct Authority has said it will “continue to put pressure” on companies offering premium finance in a bid to continue lowering annual percentage rates after revealing the impact its enforcement action has had so far.

FCA’s Knight insists CPD changes are not a relaxation

The Financial Conduct Authority’s decision to ditch its 15-hour-per-year continuing professional development requirement for insurers should not be viewed as a relaxation of standards, according to the regulator’s director of insurance, Chris Knight.

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