EY
Aon Benfield or Guy Carpenter tipped to take on Flood Re reinsurance role
Scheme’s organisers say summer 2015 implementation target will be met.
EY identifies 'rapid-growth' markets for insurers
According to EY's latest report, China, Mexico, Indonesia, Thailand and Columbia will provide insurers with long-term growth opportunities.
2014 tipped to see consolidation surge as sector’s M&A appetite increases
Regulatory certainty, soft market and economic recovery make deals likely.
International: Europe: Changing the channel
A recent study suggests insurers are failing to take advantage of digital channels. How can they harness the benefits on offer?
EY: Household premiums likely to rise in 2014
Household insurance premiums are under pressure and likely to rise in 2014, according to EY.
Insurers warned about merely ‘playing’ with digital in EY report
Insurers have been warned to take mobile more seriously and not merely ‘play’ at being digital leaders, or risk being “left on the side lines”.
Video: EY insurance customer leader Handy discusses why insurers are failing to embrace digital
Insurance companies have high digital ambitions but have failed to take action and embrace the digital world.
M&A surge imminent due to low interest rates and yields
PWC report predicts ‘quiet revolution’ in acquisitions.
Editor's comment: Falling out of favour
Insurers received a surprise this week when some of the market’s aggregators agreed with them over an issue that has been gnawing away at them for some time, most favoured nation clauses.
Bowman pledges dedication to UK business despite Aviva UK panel losses
Crawford & Company global chief executive Jeffrey Bowman has refused to rule out UK redundancies after the adjuster was axed from the panels of several major insurers.
Motor profitable for just one-third of insurers in 2013 says E&Y
Only one-third of UK motor insurers will make a profit in 2013 according to EY.
Europe: Accordant accounting
The IASB has published its latest proposals for consistent accounting for insurance companies but the industry will have to act quickly to make its voice heard, David Foster says.
Vision 2020: Full steam ahead
Despite the report fading from memory, the insurance industry is still on track when it comes to achieving Vision 2020’s key aim to progress the industry
E&Y: Finance firms fight bribery better
Financial service firms are leading the way in battling corruption and bribery according to a study from Ernst & Young.
Takaful: The Islamic state
Despite centuries of tradition and an estimated worldwide value in the billions, Takaful insurance, grounded in sharia‑compliant practices, has struggled to find traction in the UK.
IASB revised exposure draft is "major milestone" for insurers
The publication of the International Accounting Standards Board’s revised exposure draft marks major milestone toward global reporting consistency for insurers, according to consultancies PwC and Ernst & Young.
Foreign insurers set for 4% China market share by 2018
The Chinese market could see non-domestic insurers’ market share quadruple over the next five years according to Ernst & Young.
Co(re)insurance provides more benefits than issues says Ferma
Restrictions on the subscription insurance market could reduce market capacity or make access to that capacity more difficult, the Federation of European Risk Management Associations has warned.
Turkish insurance sector to receive investment boost
Asian and European investors will focus on Turkey's insurance sector in 2013, particularly as a result of government incentives offered in private pension plans, according to Ernst & Young.
Top five European news stories
The top five stories from www.insuranceinsight.com over the past seven days.
Eurozone insurers must be alert to possible interest rate rises says E&Y
The collective pain for the financial services sector in the Eurozone is almost over, although the recent Cypriot debt-crisis is a reminder of the fragility of the economic recovery, according to Ernst & Young.
UK motor hits 102% COR for 2012: E&Y
The UK motor insurance industry fell just short of breaking even over the course of 2012, but figures from Ernst and Young suggest that profitability may have already peaked.
The Thai flood: Two years on
The size and scale of the floods in Thailand in 2011 came as a shock to many despite the fact it was a flood prone area. Andrew Tjaardstra discovers how shock waves are still being felt and how risks are being reassessed.
Lesbian, gay, bisexual & transgender insurance network launched
Two hundred insurance professionals attended last night's launch of the Lesbian, Gay, Bisexual and Transgender Insurance Network known as Link.