After easing the pressure built up during a bodily injury claims-ravaged third quarter, bosses at Admiral have been warned that this year's hot topic of ancillary income could yet provide a sting in the tail.
One year ago, Japan was shaken to its core by a magnitude nine earthquake. The shockwaves from Tohoku-Oki on 11 March 2011 are still causing ripples among insurers, risk modelling firms and reinsurers.
The multimillion-pound deals struck in South East Asia by Axa and QBE last week produced the first ripple of what is expected to grow into a tidal wave of investment enquiries in the fast-growing region.
As the Scottish National Party's campaign for independence in the 2014 referendum gets underway, the insurance industry has expressed concern about how it might be regulated in an independent Scotland.