PricewaterhouseCoopers (PwC)
Investment: Diminishing returns
Insurers are predicted to find it increasingly difficult to make high yields from investments, so what can the industry do to turn the tide and increase returns?
Ethics: Do the right thing
The insurance industry may need a root and branch overhaul of its approach to ethics. But with claims that companies don’t actually understand the issue, the road to restoring trust is set to be rocky.
Quinn liquidators look to sue PWC for 'negligent accounting'
Quinn Insurance liquidators are suing PWC Ireland for €1bn (£863m), having accused the professional services firm of negligent accounting.
In Series: Claims: A moral dilemma
The industry is split over the ethics of subrogation. Will Competition Commission intervention resolve the situation once and for all, or can insurers find their own solution through bilateral agreements?
Generali, Prudential and Ping An among list of global systemically important insurers
The Financial Stability Board has published the list of global systemically important insurers with views to developing a policy framework to address the risks these firms they are thought to present.
Aviva, Allianz and Axa named as global systemically important insurers
The Financial Stability Board has published the list of global systemically important insurers with views to developing a policy framework to address the risks these firms they are thought to present.
Regulation still deemed greatest risk for industry
Regulation has been voted the greatest risk facing the insurance industry for the second year running in a survey conducted in partnership with PWC.
Deloitte and PwC welcome flood decision
Deloitte and PwC agree today’s agreement will benefit households at a high risk of flooding.
IASB revised exposure draft is "major milestone" for insurers
The publication of the International Accounting Standards Board’s revised exposure draft marks major milestone toward global reporting consistency for insurers, according to consultancies PwC and Ernst & Young.
IASB insurance contract rules “a new world” for insurance
New rules on the accounting of insurance contracts represent fundamental change according to consultancies.
UK insurers must act to minimise climate change exposure
The UK insurance market’s exposure to international losses as a result of climate change is greater than its exposure to losses on the domestic market, a PWC study has found.
Eiopa report is key milestone in Solvency II implementation says PwC
The publication of Eiopa’s long-term guarantee report could pave the way for political agreement on Solvency II, according to PwC.
Initial Public Offerings: A good time to float
Following successful initial public offerings by Direct Line Group and Esure, many industry commentators believe market conditions are currently perfect for further flotations. So, is it time for others to go public?
Over 50% of insurers lack proper conduct risk strategy
More than half of insurers do not have a clearly defined conduct risk strategy in place, a PWC survey found.
Crawford names EMEA forensic accounting lead
Loss adjuster Crawford has recruited a long-term forensic accountant from PWC to lead a regional forensic investigation and business interruption division.
Crawford hires forensic accountant to lead BI adjusting team
Claims management firm Crawford & Company has recruited forensic accountant Ian Hasson from Pricewaterhouse Coopers.
Subrogation: Fair Play?
With some firms facing criticism over their approach to subrogation, are motor insurers acting in customers’ best interests or is this outdated legal framework being exploited?
In Series: Technology: The great app race
While apps were all the rage until recently, insurers are now discovering the value of optimised mobile sites.
Regulatory uncertainty raises domicile questions
Splitting tax domiciles and regulators could be an enticing prospect for insurance groups looking to avoid the European Union’s Solvency II regulations.
PWC names Bichard London market leader
PWC has followed January’s appointment of Jonathan Howe as UK insurance leader by naming a new London market boss.
Increased shareholder scrutiny puts spotlight on insurance CEO pay
Insurers are more cautious and keen to be transparent over executive remuneration after last year’s ‘shareholder spring’, according to analysts, with recommendations for boss’s pay packets swelling in the past 12 months.
Improving Underwriting: Driving Profits
Can a more sophisticated approach to underwriting help motor insurers finally turn a profit?
Jobs at risk as KPMG feels bite of Solvency II delays
Up to 40 actuarial jobs are at risk at KPMG as the accountancy giant feels the pain of uncertainty around the timeline for Solvency II coming into force.
Improving Underwriting: Adding some colour
Larger amounts of more detailed data are available to insurers but can they create a balance between profitability and fair rates?