The Association of British Insurers has criticised the European Commission for failing to make contingency plans that would allow UK insurers to fulfil contracts with EU policyholders in the case of a no-deal Brexit.
Insurers have warned of an extra layer of bureaucracy for drivers in the form of ‘green card’ permissions to drive in Europe, if a no deal Brexit occurs.
The Insurance Distribution Directive brings transparency but also unintended consequences for customers, writes Peter Thompson, group director of insurance distribution and outsourcing at BGL Group.
As climate change becomes tangible, insurers are feeling the heat. Their understanding of the risks could inform not just their underwriting but also their investment strategies.
Insurers need to keep pushing their priorities now for an effective Brexit plan, writes Andy Watson, CEO of Ageas UK, urging the industry to work with the government to achieve a realistic negotiating strategy.
Cycle insurers have mixed feelings about the European proposal to mandate insurance for electric bikes.
The UK insurance sector has criticised proposed changes to the Motor Insurance Directive, following the Vnuk ruling as being “unworkable and unfair”.
It is unlikely that all robots will require cover, Victor Fornasier and Kathryn Mycock, partner and associate at Hogan Lovells, examine the rationale for compulsory insurance.
What next after the UK ruled out maintaining passporting within the European Union?
The European Commission has ratified proposals put forward by the Financial Conduct Authority to postpone the application date of the Insurance Distribution Directive.
The Treasury has paused the implementation of the Insurance Distribution Directive, earning praise from insurers.
The European Commission and Insurance Europe have welcomed a report that suggests adapting Solvency II to facilitate sustainable investment.
European insurers are gearing their investment strategies towards sustainable ventures.
Insurers are increasingly finding themselves under pressure on three fronts when it comes to climate change – as underwriters, as major investors and as large employers with their own substantial carbon footprints. That pressure is about to intensify.
Insurers have received an early Christmas present in the form of a proposed delay of seven months to the implementation of the Insurance Distribution Directive.
Helvetia Venture Fund has acquired a holding in Estonian insurtech company Inzmo.
The ECON committee of the European Parliament has called on the European Commission to delay the application of the Insurance Distribution Directive.
The UK's Brexit Withdrawal Bill is making its way through parliament but Nigel Teasdale, president of the Forum of Insurance Lawyers and partner at DWF, believes this will make interactions with the European Union even more important for the insurance…
The significance of intellectual property risks has not translated into a large demand for IP insurance policies - yet
The European Commission wants to create a professional indemnity certificate for cross-border activities but insurers and brokers find the proposal unworkable.
Wtih the European Commission looking to mandate 19 vehicle technologies to be fitted as standard, Martin Milliner, director of claims at LV, asks how ready the public and insurers are for advanced driver assistance programmes.
The European Commission has opened a four-week consultation on the scope of the Motor Insurance Directive in relation to the Vnuk ruling.
Marsh and Aon are among the brokers visited by the European Commission as part of its motor investigation in Ireland.
Motor insurance providers in Ireland have been raided by officials from the European competition watchdog.