European Union (EU)
EC probes impact of insurance contract law on cross-border trade
The European Commission has launched an expert group to consider the creation of a pan-European insurance contract law.
Software firm launches Solvency II tool for Lloyd's market
Insurance investment information specialist Camradata has introduced Solvency II-compliant software to its Lloyd's clients for reporting and accounting.
European Parliament clamps down on rating agencies
Rating agencies are to have their shareholdings in rated firms capped to reduce conflict of interest under new rules approved by the European Parliament.
"March madness" awaits EU motor insurers
Insurers that fail to embrace telematics in the wake of gender neutral pricing rules will see massive volumes go to more "switched-on" peers, according to Coverbox.
Data protection rules must accommodate insurers says Insurance Europe
The European Commission's proposed new data regulation could have unintended negative consequences for insurers and consumers, Insurance Europe has warned.
Drive-by attacks top cyber threat list
Drive-by exploits are the top threat facing web users today, according to the European Union's cyber security agency ENISA.
Eurozone insurers' assets reached €5,896bn in Q3
The total financial assets of euro area insurance corporations and pension funds increased to €7,500bn in the third quarter of 2012, up from €7,296bn in the previous quarter, statistics published by the European Central Bank showed.
Top five European news stories
The top five European news stories from www.insuranceinsight.com over the past seven days.
Lithuanian insurance market to grow at least 6% in 2013
Lithuanian insurers can expect the non-life sector to grow by up to 7% this year owing to the increased spending power of its citizens, RSA said today.
Insurance Europe welcomes dialogue between EU and US on regulation
Trade body Insurance Europe has praised the dialogue between EU and US policymakers on insurance regulatory issues.
Moody's launches Solvency II compliance tool
Risk measurement and management firm Moody's Analytics has added a Solvency II compliance tool to its enterprise risk solutions suite.
LMA issues Eurozone exit advice
The Lloyd's Market Association and law firm Clyde & Co have issued guidance on the impact on insurance and reinsurance contracts of a Eurozone exit for managing agents.
Iran defiant over insurance sanctions
Iran's vice president Mohammad Reza Rahimi has dismissed EU and US sanctions as futile, saying that Tehran has turned the threats into opportunities for the country's insurance sector.
Insurance Europe president calls for vital Solvency II solutions
The European insurance industry supports the goals of the forthcoming Solvency II regulatory regime but vital issues still need to be resolved, Insurance Europe’s president, Sergio Balbinot, told the Eiopa conference in Frankfurt today.
Solvency II saga: Time for a rethink
The EU should adopt a more principles-based approach in order to move forward with Solvency II, says Simon Kirby.
Solvency II uncertainty challenging EU credibility, says Bernardino
Gabriel Bernardino today called on EU politicians to give a "strong commitment" towards the implementation of Solvency II, in order to prompt a clear and credible timetable for delivering the regime.
ING wins deadline reprieve for insurance divestments
Dutch Financial services group ING has won an extension to the period in which it must divest its insurance operation, after reaching an agreement with the European Commission and the Dutch state.
EC urged to limit bank bail-in mechanism
Insurance Europe has called on the European Commission to limit the potential use of the proposed 'bail-in' mechanism, under which authorities could write down the claims of unsecured creditors of a failing credit institution.
One in four Brits unaware of incoming gender rules
A study by the AA and Populus found that more than a quarter of British drivers are unaware that premiums will soon be affected by EU gender rules.
EU consults on the harmonisation of limitation periods
As the European Commission seeks to consult on the impact of Rome II, Kelvin Farmaner and Paul Lavelle explain the options for further harmonisation of limitation periods.
Broker Focus: Insurance Mediation Directive - A level playing field?
The European Commission's revision of the Insurance Mediation Directive is targeting mandatory commission disclosure, but what will this mean for UK brokers?
LMA seeks clarity over impact of sanctions on marine fuel oil
The Lloyd's Market Association has sought reassurances from the UK government after concerns that insurers could fall foul of EU sanctions by insuring vessels that have inadvertently taken on Iranian oil as fuel.