PricewaterhouseCoopers (PwC)
Recent floods could cost the industry £100m
Claims arising from the coastal floods that hit parts of the UK last Friday could potentially reach £100m, according to PWC estimates.
International: Europe: Weathering the storm
In the wake of devastation caused by typhoon Haiyan in the Phillippines, what is the future for insurance in disaster-prone regions?
Government's growth plan tipped to boost takaful market
The government's insurance growth action plan could provide a much needed boost to the UK's commercial Islamic insurance market, according to PwC's Mohammad Khan.
Big data tipped to drive competitive differentiation
Over 90% of senior insurance executives believe big data will drive competitive differentiation in future.
Aviva’s attempt at asbestos exit fueled by increased long-term claims certainty
Firm’s plan to offload rumoured £1bn book linked to overall restructuring,
Europe: Driving up M&A activity
Following the spectacular rise in value of merger and acquisitions in the European insurance sector during the first half of the year, Edward Murray looks the drivers behind the increase in activity.
Accenture partner swaps tech role for PWC insurance position
PWC has recruited Michael Spiteri as a partner in the firm’s insurance consulting team.
Consultants welcome timeframe clarity from Omnibus II decision
Consultancy firms have welcomed the Omnibus II agreement reached by the European Union trilogue parties saying the deal will provide insurers with much-needed clarity.
Towers Watson research finds 70% of global insurers considering M&As
International insurers are regaining their appetite for mergers and acquisitions, according to a Towers Watson and Mergermarket survey of senior insurance M&A executives.
Expertise in Action: Broker: Preferential treatment
Few clients are interested in commission disclosure, however, the issue of preferential treatment for brokers that produce the most business for insurers could soon face regulatory scrutiny.
UK IFAs say increased insurance sector M&A likely
Results from a survey of more than 170 UK independent financial advisors show 87% of respondents consider more mergers and acquisitions in the insurance sector to 2018 are likely.
Michael Tripp joins Mazars as GI partner
Former Ecclesiastical chief executive Michael Tripp has set his sights on developing accountancy firm Mazars’ actuarial business as an alternative offering to Towers Watson.
Systemic risk: The burden of being big
What will the extra scrutiny that comes with being a global systemically important insurer mean for the nine firms given the designation?
UK GI business volumes up Q3 says PWC
General insurers saw business volumes and profitability rise in the past three months and expect strong growth in business volumes during the next quarter, according to the latest CBI/PWC Financial Services Survey.
GI business volumes rose in Q3 says PWC report
General insurers saw business volumes and profitability rise in the past three months and expect strong growth in business volumes during the next quarter, according to the latest CBI/PWC Financial Services Survey.
'Clear deadline' on Solvency II welcomed by consultants
The delay of Solvency II’s application date to 2016 has been welcomed by KPMG and PWC, citing the certainty the move will bring insurers, though doubts still remain over the new schedule.
Consultants welcome 'clear deadline' on Solvency II
The delay of Solvency II’s application date to 2016 has been welcomed by KPMG and PWC, citing the certainty the move will bring insurers, though doubts still remain over the new schedule.
Europe: Regulatory remuneration
Are European insurance companies coping with the increasing cost of regulation? Katie Marriner investigates.
350% increase in UK M&A deal values
The value of UK insurance merger and acquisition deals rose by more than 350% to €1.5bn (£1.2bn) in the first half of 2013 from €344.6m in 2012, PWC has reported.
International: Europe: Go west
Are Asian investors likely to continue their interest in the European insurance market? Edmund Tirbutt investigates.
M&A surge imminent due to low interest rates and yields
PWC report predicts ‘quiet revolution’ in acquisitions.
Lloyd's: The burden of regulation
Facing increasing scrutiny from the UK and Europe, Lloyd’s could be in danger of becoming less competitive. By Katie Marriner
Strategic importance of M&A to increase
A PWC report has found the strategic importance of mergers and acquisitions to insurers across the globe is set to increase.
View from the Top: Rising to the regulation challenge
Insurers can mitigate the uncertainty caused by increased red tape by focusing on consistency, says Vince Cellerini.