KPMG
Consumers bear the brunt of IPT hike amid fears of further increases
Policyholders look likely to foot the bill for a 56% increase in insurance premium tax, but fears have been raised that the government could look to squeeze the already competitive market further by bringing UK IPT into line with Europe.
Shock IPT raise - more reaction
The insurance sector is still reeling after George Osborne's Budget announcement to raise insurance premium tax by more than 50% from 6% to 9.5%.
Europe: Cyber security
With hacking and phishing scams on the increase, businesses would be expected to include cyber insurance in their arsenal of measures designed to protect them and their customers in the event of breaches.
Blog: Insurance results commentary
How has the first quarter of 2015 compared with previous years in terms of financial results, understanding regulation and the role of technology?
PRA consults on ‘proportionate' regime for non-SII senior managers
The Prudential Regulation Authority has released its consultation paper into the senior insurance managers regime for insurance companies outside the scope of Solvency II.
Home market failing to price for long-term weather risk
The home market remains significantly more profitable than its motor counterpart but insurers may be failing to price for long-term risk, market analysts fear.
Insurers' investment incomes at risk from Eurozone deflation
UK general insurers' investment incomes are in danger of being impacted by current Eurozone deflation that could hamper firms' overall results, according to industry experts.
China's changing motor market
China is introducing more flexibility to its motor insurance market, creating opportunities for foreign insurers to differentiate on price and product design, writes Nicky Burridge
Claims Club News: Periodic payment orders tipped to make up a third of insurers’ liabilities
Periodic payment orders could account for a third of insurers’ future liabilities amid increasing frequency in bodily injury claims, according to KPMG non-life actuarial partner David Brown.
The hunt for Asia acquisitions
The market for mergers and acquisitions in Asia remains strong as international and domestic insurers look to grow their operations in the booming region writes Nicky Burridge.
Europe: Global fraud and corruption trends
Are there any common characteristics between fraudsters across the globe? And what can insurers learn from these common themes? Hitesh Patel and James Maycock take a look
Kennedys handed ABS approval
Law firm Kennedys has been granted an Alternative Business Structure licence by the Solicitors Regulation Authority, although the firm denies it is seeking external investment.
London market bosses’ wish for unified representation unlikely to be realised
Insiders doubtful over aims of CEOs and COOs that were revealed in IUA survey
KPMG awarded ABS licence
Accounting firm KPMG has been awarded an alternative business structure licence by the Solicitors' Regulation Authority to work on a multi-disciplinary practice basis.
Q&A - Aviation: Turbulent times
In an unprecedented year of aerospace disasters, Post asks the experts how they expect recent tragedies to impact the aviation sector’s insurance policy renewals
Attention turns to devolution impact after Scotland rejects independence
Referendum outcome pleases insurers as devolution discussions begin
PWC swoops for KPMG tax specialist
PWC has hired tax specialist Daniel Dzenkowski from rival consultancy firm KPMG.
Lee joins KPMG China from Towers Watson
Anthony Lee has joined KPMG China to become director of business development, financial services, with a focus on insurance.
Unipart Automotive axes 68% of staff as it enters administration
One of the UK’s largest independent suppliers of car parts, workshop consumables has entered administration making 1244 staff redundant.
Little Chef turnaround firm 'in talks' to buy Unipart Automotive
Venture capital firm R Capital is in talks to buy beleaguered motor repair firm Unipart Automotive, Post understands.
Partnerships predicted for home telematics offerings
Insurers are likely to enter into partnerships when considering home telematics solutions due to the cost of devices and the likely benefits from shared data, industry experts have claimed.
ERAC Spotlight: Aiming Hire
Are technological advances and regulatory changes the answer to the insurance industry's problems with credit hire?
Compton leaves KPMG to join Mapfre in China
KPMG's head of insurance consulting for Mainland China Tony Compton is leaving the consultancy to join Spanish insurer Mapfre's Chinese operations.
Arctic: Coming in from the cold
As investment increases in the Arctic, what are the opportunities and risks facing insurers in the area?