KPMG
Insurers urged to scrutinise 'far reaching' Solvency II guidelines
KPMG has called on insurers to scrutinise draft Solvency II guidelines published by the European Insurance and Occupational Pensions Authority yesterday as they are broader in scope than the first technical standards released.
PRA releases supervisory statements aimed at insurers
The Prudential Regulation Authority today issued two supervisory statements aimed at insurers as the Bank of England continues its focus on activity in the industry.
Insurers should adopt online retailing mentality, says KPMG
UK insurance customer experience is improving but insurers need to focus on personal interaction with customers, digital channels and adopting a retailing mentality, a new report by KPMG has claimed.
Acquisition appeal in China warms up
Regulatory changes in China look set to make it easier for local and foreign players to expand in the world’s fourth-largest insurance market.
MIB plans PPO research after mortality rates found to be higher than expected
Figures suggest reinsurers are becoming ‘marginally more comfortable’ with PPOs
Europe: Mobile phone insurance
Has the Fincial Conduct Authority's review into the mobile phone insurance industry gone unnoticed, both in the UK and across the continent?
GRP close to second acquisition as Margrett boosts management team
Global Risk Partners is preparing to unveil its second major acquisition having bolstered its central management team with senior recruits from Towergate and KPMG.
Caution urged against using widescale exclusions in cyber policies
Insurers are facing calls to stop embedding sweeping exclusions into cyber policies following the emergence of the internet-based Heartbleed bug and Microsoft discontinuing protection updates for its Windows XP operating system.
DLG’s Brown joins KPMG as partner
Direct Line Group’s David Brown has been appointed a non-life actuarial partner in KPMG’s insurance practice.
Consolidation expected as China relaxes M&A rules
KPMG is predicting an increase in sector consolidation following China’s decision to relax merger and acquisition rules for its insurance industry.
Industry questions FCA’s decision to probe commercial claims handling
Regulator reveals more thematic reviews to be undertaken in 2014/2015
Driving new revenue streams through telematics
Fracking technology has fundamentally transformed the energy sector, by helping us gain access to oil and gas in the ground. This is testament to our ability to create new commercial opportunities by making use of a disruptive technology.
Budget 2014: pension shakeup to open the door for general insurance players
Insurers’ share prices plummet following Chancellor’s annuity vow.
Your Say: Using our weaknesses
Nobody following the Financial Conduct Authority’s review of add‑ons would have needed to cross the proverbial gypsy’s palm with silver to gain prior knowledge of the nature and scope of the proposed remedies.
KPMG makes senior insurance hires from McKinsey & EY
KPMG has appointed Navdeep Arora and Justin Balcombe to its insurance advisory practice.
Crimea crisis could cause rates increase as analysts predict strain on capacity
Commentators split on potential impact of sanctions against Russia.
Fracking: Frack to the future
With the government pushing hydraulic fracturing in the UK, how will developments in this market affect insurers and what risks does it entail?
KPMG warns of long-term flood impact
The economic impact of the recent flooding could be felt for at least two to three years, KPMG has warned.
Interview: Dan Saulter: Hitting the ground running
When Dan Saulter was announced as chief executive at Davies, many in the market were surprised. He explains why he is the right man for the job and why the recent swathe of storms held no fears for him.
2014 tipped to see consolidation surge as sector’s M&A appetite increases
Regulatory certainty, soft market and economic recovery make deals likely.
RSA weighs up fund-raising options as it seeks to avoid rating downgrade
Insurer facing potential £35m fine and may need to raise up to £300m in capital.
KPMG promotes Daly to global insurance tax lead
KPMG International has appointed Brian Daly as global insurance tax lead.
KPMG: Competition Commission reforms superseded by price battles
A combination of technological change and competitive market forces will likely exert greater pressure on the cost of motor insurance than reforms proposed today by the Competition Commission, according to KPMG.
Review of the Year: Lloyd’s: 325 not out
After celebrating its 325th birthday this year, Lloyd’s is still looking to innovate. Key figures in the market review the past 12 months and look forward to the coming year.