PricewaterhouseCoopers (PwC)
PWC swoops for KPMG tax specialist
PWC has hired tax specialist Daniel Dzenkowski from rival consultancy firm KPMG.
Career development: CII promotes ‘speaking up’ with new whistleblowing guide
The Chartered Insurance Institute has launched a ‘speaking up’ guide on whistleblowing as part of its ongoing ethical guidance series.
Traditional insurers risk losing customers in digital age
Traditional insurers face losing out to new entrants as people increasingly use the internet to hunt out cheaper policies and more tailored services, a new PwC report found.
Dwindling volumes contribute to lack of optimism in GI
General insurers have bucked the trend of growing optimism across the financial services industry, according to the latest CBI/PWC survey.
UK businesses missing growth opportunities through data breach fears
Organisations are more concerned with defending their information against data breaches or legal action than they are with using it to drive competitive advantage and growth, according to a new report by information management company Iron Mountain and…
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.
In Series: Legacy Systems: time for an upgrade
How can insurers running on outdated legacy systems prepare themselves for the host of new data demands set to be ushered in by Solvency II?
In Series: Legacy Systems: profit from partnerships
Insurers must look at their use of technology if they are to reap the benefits offered by strategic partnerships
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?
Ireland: Bouncing back
While the Irish insurance market has endured a troubled period since the economic downturn, a number of recent developments suggest better times are on the horizon
Novae hires PWC's Patel to oversee ERM strategy
Listed Lloyd’s insurer Novae has appointed Reeken Patel as chief risk officer.
Cross-border insurance: a new opportunity?
As prudential regulation across Europe is set to become unified with the planned implementation of Solvency II, Katie Marriner looks at how the likelihood of cross-border insurance becoming a reality is being considered.
Climate change outlook sparks calls for increased government flood spend
A report predicting a dramatic increase in European flood risk exposure due to climate change has prompted calls for the UK government to up its spending on flood defences.
High-profile motor withdrawal touted after another tough year for the market
Analysts suggest further regulatory scrutiny could exacerbate sector’s troubles
One third of flood victims without home insurance survey finds
One third of British adults affected by the recent UK floods don’t have insurance that protects their home from flooding, a PWC and You Gov survey has found.
Only 2% of insurers ready to implement Pillar 3
A PWC poll has found 68% of insurers are less than halfway through the Pillar 3 reporting process for Solvency II.
Infrastructure: Building for success
Plans for insurers to invest in infrastructure projects are being hampered by Solvency II.
Missing Malaysian plane unlikely to affect rates in aviation market
Fate of Malaysia Airlines flight MH370 unknown after disappearing on 8 March.
In Series: Data: Down the data rabbit hole
Data is expected to drive change in the insurance industry, with greater volumes set to create distinct opportunities.
RSA admits weighing rights issue plans
RSA has admitted it is weighing plans to strengthen its balances sheet through a rights issue, but stressed that no final decision has been made.
Tulloch’s flood defence funding plan fails to generate industry support
Analysts say insurers are unwilling to invest in defences without clear returns.
Insurers urged to direct infrastructure investment into flood defences
MP’s suggestion comes as PWC warns recent flooding could cost sector £500m.
Hester tipped to take advantage of lack of industry experience
Former RBS boss will not be afraid of ‘difficult decisions’