PricewaterhouseCoopers (PwC)
SMEs advised on alternatives
SMEs have been urged to consider alternatives to the purchase of non-compulsory commercial insurance.
Broking supplement - Biba 2011 preview: Speakers'corner
This year's British Insurance Brokers' Association conference held in Manchester on 11 and 12 May will see attendees from brokers, insurers and service providers descend on Manchester Central to network and debate the major issues affecting the broking…
Confusion over Solvency II as FSA revises model plans
Solvency II experts have voiced concerns over the uncertainty surrounding the incoming European Union legislation, after the Financial Services Authority revealed revised plans for its handling of internal model applications.
Post history - 20 years ago: support for APPG grows in parliament
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this article from 20 years ago reveals.
PwC welcomes “clearer” view of Solvency II
PwC has responded to the speech made by Julian Adams, FSA Director of Insurance, at the FSA Solvency II Conference today.
Overseas focus - China: a market of opportunity?
With an enormous population and low insurance penetration, China should be a market ripe for entering. Jakki May finds out it isn't as simple as it sounds but reveals an appetite for change and growth.
Ex-Rok CEO resurfaces at repair firm
Former Rok chief executive Garvis Snook has been named as a director of newly launched property repair firm Repair Rite.
Comment - commercial insurance: Trouble brewing
In the wake of a damning report on the commercial lines insurance market, Roger Flaxman enters the debate and examines the clash between insurers' principle of utmost good faith and their fiduciary duty to shareholders.
PwC: Bribery Act latest “good news”
PwC has stressed the final guidance on the Bribery Act, released today, and acceptance of the need for a “proportionate and risk-based approach” to the issue, is good news for financial services companies.
Second Europe-wide stress tests for insurers launched
PWC has commented on the launch of the second Europe-wide stress tests for the insurance sector, by the European Insurance and Occupational Pensions Authority.
Second Europe-wide stress tests for insurers launched
PWC has commented on the launch of the second Europe-wide stress tests for the insurance sector, by the European Insurance and Occupational Pensions Authority.
News analysis: alarming revelations for commercial cover
The recent Mactavish-Pricewaterhouse Coopers report that declared commercial insurance 'not fit for purpose' is a wake-up call to the market. Insurers, brokers, company boards, government and the buying community should all take note, says John Hurrell.
Budget 2011: "good budget for UK general insurance”
PWC has commenting on the news that tax relief has not been withdrawn for insurers’ equalisation reserves.
IRM launches Bermuda group
The London-based Institute of Risk Management is set to launch a new regional group in Bermuda.
Risk report attacks industry failures
The insurance industry's failure to make significant changes to the "deficient" commercial lines sector has been "wholly unacceptable", according to research firm Mactavish.
Commercial policy wording must be “watertight”
The wording of commercial insurance policies must be “fully watertight” to ensure claims are met, law firm O’Connors has said.
Commercial cover “not fit for purpose”
Research firm Mactavish has warned that commercial insurance is currently “not fit for purpose” and could lead to a rise in claims disputes.
Broker focus – private equity: the start of a broader movement?
2011 has already seen one major broking private equity deal involving Towergate. Rachel Gordon assesses whether this is likely to be a one off, or the start of a broader movement within the intermediary market.
PWC predicts increase in pay-as-you-drive in wake of gender ruling
Today's European Court of Justice ruling that from 21 December 2012 insurers will no longer be able to charge different insurance premiums to men and women because of their gender, could lead to a steep uptake in pay-as-you-drive schemes.
Interview - Paul Evans: Axa's split decision
CEO Paul Evans didn't hang about when it came to splitting Axa UK's personal and commercial businesses - and now he's promising brokers great service, products and relationships, as Jonathan Swift discovers.
Middle East policies may face court challenges
Commercial insurance policies that exclude political risk are likely to come under scrutiny by courts in the Middle East, following civil unrest in the region.
Insurer mergers & acquisitions: Is 2011 the time to strike?
After a lean period for insurer mergers and acquisitions through the economic downturn, Daniel Dunkley reports that the first rays of sunlight might begin to show in 2011.
People moves – 17 February 2011
A round-up of people moves and new appointments in the industry, as featured in the 17 February 2011 edition of Post.
PWC warns insurers to take Solvency II action
Insurers must act on the results of the fifth Solvency II quantitative impact study if they are to avoid facing difficult questions from investors, analysts and the market, Pricewaterhouse Coopers has warned.