KPMG
AIG sees 87% spike in Greater China cyber enquiries following Wanna Cry
Following the global ransomware attack named as Wanna Cry in May Asian firms are becoming more interested in cyber insurance.
Equivalence is not a substitute for mutual market access agreement: ABI
Regulatory and Solvency II equivalence is not an adequate replacement for a proper agreement on mutual market drawn up by government, the industry has heard.
IBIS 2017: Connected cars will send first notice of loss 'as early as next year'
Connected cars will dispatch emergency services and send first notice of loss as early as next year, predicted Sean Carey, president of SCG Management Consultants.
In Depth: The GDPR time bomb
The implementation date of the General Data Protection Regulation is less than a year off but the industry’s attention is elsewhere, with issues like Brexit, the General Election and the discount rate looming large on the horizon
Political risks: Halting new threats
Businesses with domestic and international footprints are increasingly demanding protection from political risks. But, as the threats have changed in recent years, so has the cover that serves to protect against them
Lloyd’s redundancies: London market forced to focus on cost
A memo from Lloyd’s of London issued to staff inviting them to register for voluntary redundancy comes as little surprise, experts said, as market carriers are increasingly forced to focus on cost.
In Depth: Insurtech gold rush
Reinsurers are injecting more money into start-ups to get a foothold in insurtech - and the disruptors are welcoming the investment from these flexible partners.
The NRC: From Russia with tough love
The Russian Federation has launched a state-backed reinsurer that will take a hefty slice of outward reinsurance contracts and is raising fears that the London market could lose out.
Insuring the future: 10 tech gadgets
Innovations are bringing new technology into our lives at an almost frightening pace. Whether we want to control our central heating from our smartphones or check on our home security, appliances that can be controlled remotely are giving us greater…
Aegis London appoints new CFO and compliance director
Aegis London has appointed Hermien Smeets-Flier as chief financial officer and Graeme Tennyson as director of risk and compliance.
ERS former director and three advisors will appear before tribunal
Three financial advisors and a former director of Equity Red Star have been singled out following an investigation into historic losses at the Lloyd's syndicate.
Inspool, Insure Street, Teambrella and Tego Cover among eight UK insurtech start-ups to watch
KPMG published last week its latest Pulse of Fintech report, including the investment figures for the year-to-date in the insurtech space.
Only one in 10 insurers are prepared for arrival of driverless cars
The majority of insurers are unprepared for the arrival of driverless vehicles, according to a report from KPMG.
KPMG to let insurers compare Solvency II data
KPMG has today launched a Solvency II data aggregation service that allows insurers to benchmark themselves against other insurers.
Brexit offers UK insurers respite on ECJ VAT ruling for outsourced claims
UK insurers are facing significant increases to the cost of outsourced claims handling if the government is forced to align its VAT position to a recent European Court of Justice ruling, but the June vote on whether the UK should leave the European Union…
European insurtech investment set to grow as global fintech funding reaches £13.4bn
European insurers are set for the same levels of transformation as the banking sector, according to a KPMG report, which has tipped further growth in the insurance-tech industry in Europe in the coming years.
Industry bosses unite to warn government against further IPT hike
The industry is rallying against a further potential increase in insurance premium tax ahead of the 16 March Budget.
Analysis: Hong Kong's 2016 prospects
Insurers in Hong Kong look set to have a testing year in 2016 as competition remains intense, margins are tight and the market gears up for a new regulatory regime writes Nicky Burridge.
Editor's Comment: 2015: A year in review
Christmas is a time for reflection on the past year and to think about what 2016 might bring.
Insurers top fintech innovator list but none from UK
Insurers have conquered a leading fintech innovation list revealed today (14 December), but the top spots went to those outside the UK.
Product liability comes to fore as motor manufacturers take on autonomous vehicle liability
Motor manufacturers accepting liability for autonomous vehicle crashes does not signal the demise of motor insurance, according to industry experts, who have suggested developments will instead lead to product liability playing a more prominent role.
Analysis: Is flexibility the way forward for China’s motor market?
Adding more flexibility to the Chinese motor insurance market will create opportunities for foreign insurers to differentiate themselves on both price and product design, writes Nicky Burridge.
New entrants causing disruption for insurers attempting to embrace innovation
Nimble market entrants are increasingly causing disruption for established insurance market players in the race to innovate, according to an international report by KPMG.
Gallagher not expecting 'material adverse effect' from FCA review
Arthur J Gallagher is confident a skilled person review by the Financial Conduct Authority will not have a “material adverse effect” on the firm’s results of operations.