European Union (EU)
Spotlight on professional indemnity: Media and technology sectors
Taking risks is in the DNA of many media and technology firms and insurance should be the enabler that allows them to do this effectively.
‘Strike deal to halt Brexit exodus from City,’ government warned
The government must secure an urgent transition deal for financial services to halt an exodus from the City, a senior peer has warned.
Top UK insurers 2017
Hit by a negative discount rate, the top 100 UK insurers reported a combined underwriting loss last year. What other challenges has the market faced?
Analysis: Cyber threats and opportunities
Businesses are opening themselves up to online exposures every single day. What do companies and insurers need to do to bring themselves up to speed with these new risks and incoming regulations affecting this area?
Foil's Nigel Teasdale on engaging with Europe after Brexit
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…
EU and US sign covered agreement
The European Union and the United States has today signed the so-called covered agreement on prudential reinsurance measures.
Analysis: Intellectual property: Creative cover
The significance of intellectual property risks has not translated into a large demand for IP insurance policies - yet
Analysis: Insurers want PI to be left out of the European services e-card
The European Commission wants to create a professional indemnity certificate for cross-border activities but insurers and brokers find the proposal unworkable.
Blog: Insurers must look beyond Brexit
From change management to cyber risk, Onno Bloemers, head of insurance at Delta Capita, explains why insurers need to look beyond Brexit to the wider challenges facing the industry.
Gibraltar PCCs given permission to write third party business
Gibraltar Protected Cell Companies will now be permitted to write third party insurance business.
Blog: Caravanning, a journey to cross-selling lands
Caravanning clients offer brokers many cross-selling opportunities, writes Graeme Hamilton, head of leisure insurance at Jackson Lee Underwriting.
Life is a breach: What the GDPR changes for insurers
Insurers will face stricter data rules but these may help them grow the cyber market, write Mark Estafanous and Kate Payne, solicitor and partner at Elborne Mitchell.
Motor insurance firms in Ireland raided over ‘anti-cartel’ EU rules
Motor insurance providers in Ireland have been raided by officials from the European competition watchdog.
Liberty picks Luxembourg for post-Brexit hub
Liberty Speciality Markets has selected Luxembourg for its post-Brexit headquarters.
This Week in Post: Outdated and out of there
I was recently lamenting shortage of space in my toy-cluttered flat and a (childless) colleague mentioned the baby cages Victorian households used to hang out of their windows. “There were mercifully few deaths,” he joked, as I gazed at an online image…
Blog: Trade credit insurers mustn't waste the Brexit opportunity
Trade credit insurers can prove their worth by helping their customers mitigate the risks associated with Brexit, writes Richard Reynolds, regional manager at Atradius.
Europe: Post-Brexit travel insurance
It is unclear whether UK nationals will be able to use the European Health Insurance Card after Brexit. If they don’t, travel insurers expect higher claims costs and higher premiums.
IBIS 2017: Softer Brexit becomes more likely following election
After Prime Minister Theresa lost her overall majority in the general election last week, a softer Brexit is more likely, said Thomas Lake, senior analyst, political risk at BMI Research.
EU gets go ahead to sign covered agreement with US
The European Council has approved the signing of the covered agreement with the United States that would harmonise insurance and reinsurance regulation on both sides of the Atlantic.
Majority of UK businesses 'will not be compliant' in time for GDPR
Less than a third of businesses have started preparing for the General Data Protection Act despite the deadline being less than a year away.
EU regulators to receive Brexit guidance from Brussels
European Union member states are set to receive guidance from Brussels to ensure national regulators do not undercut each other while trying to attract firms from the UK.
Running off captives in Luxembourg: How to recover the equalisation reserve
A treasure awaits those holding the keys for unlocking Luxembourg’s main assets within the insurance industry. According to the regulator’s latest annual report, reinsurers have built up €9.3bn (£7.8bn) in equalisation reserves in the country.
Zurich’s Guy Miller on why recovery is an opportunity for reform
A synchronised global recovery is an opportunity for reform, not for complacency, argues Guy Miller, chief market strategist and head of macroeconomics, Zurich.
Finishing line in sight for the IPID
Although many who voted for Brexit may have hoped otherwise, leaving the European Union will not enable the UK insurance community to turn a blind eye to the insurance regulations dreamed up by those famously unelected bureaucrats in Brussels. Although…