Europe
Signal Iduna implements Friss solution for fraud detection
German insurer Signal Iduna has introduced a software solution from Friss to fight fraud in a more structured and effective way within the claims process.
Brexit would disadvantage SMEs' trading potential, RSA warns
Nearly three quarters of UK SMEs struggle to export beyond the European Union meaning they could be disproportionately disadvantaged if the UK votes to leave the EU in an upcoming referendum, RSA research has found.
C-Suite: More pain in the Year of the Monkey
As the excitement builds across much of Asia for the countdown to Chinese New Year, Markel's Matthew Cannock gives a stark warning to the industry.
Chubb names Continental Europe country presidents
Chubb has named the leaders of its operations in Continental Europe, reporting to Continental Europe division president Jeff Moghrabi.
Cyber: A cyber game changer
The European General Data Protection Regulation is approved and poised to bring new responsibilities that insurers must prepare for.
Axa CEO de Castries warns UK against 'serious consequences' of EU exit
Paris-based Axa CEO Henri de Castries has issued a stark warning ahead of a UK referendum on EU membership by stating that an exit would spark “very serious consequences” for the City of London.
Philippines could achieve 28% premium growth in 2016
The insurance regulator in the Philippines is expecting premium growth of 28% this year.
FCA issues £15.5m in fines to fill hole caused by Eric, Balva and Millburn failures
The Financial Conduct Authority has fined five individuals and two firms a total of £15.5m for their part in a market failure that left hundreds of solictors without valid cover.
UK cyber market to resemble US amid tougher EU penalty regime
The UK insurance market is expected to increasingly follow its US counterpart as incoming EU legislation substantially toughens up penalties for data breaches.
C-Suite: Traditional behaviour is incompatible with technological paradigm
Matthias de Ferrieres is sceptical if the industry will have a digital awakening this year.
AM Best places AIG under negative review
AM Best has placed AIG's credit ratings under review with negative implications.
Greco leaves Generali to become Zurich global CEO
Mario Greco is leaving his role as CEO of Generali to join Zurich as global CEO starting on 1 May.
Demand for M&A assets to outweigh supply, survey finds
Competition for attractive insurance industry merger and acquisition targets is set to intensify in the next three years as more than 80% of insurers plan to acquire while only one third plan to divest, a Willis Towers Watson survey has found.
AIG pares back to achieve planned $25bn shareholder return
AIG plans to return $25bn (£17.5bn) to shareholders through measures including a part-IPO of its mortgage insurance subsidiary and a series of reinsurance transactions, a strategic announcement revealed today (26 January).
Europe: Ukrainian insurance market ready for structural reforms
The past year has been full of contradictions for the Ukrainian insurance market. On one hand, on-and-off military conflict in the eastern regions contributed to depreciation of the hryvnia against the dollar, deepening the economic crisis that had been…
Europe: March of the European giants
European insurers have huge influence in the UK, so how are their strategies set to unfold?
Mitsui to complete Amlin takeover next month
Mitsui Sumitomo Insurance Company's £3.47bn acquisition of Amlin is expected to complete on 1 February.
UK and Ireland winter storms to cost Zurich $275m
Zurich is expecting to record an operating loss in general insurance for the fourth quarter of its financial year as a result of strong storms across the UK and Ireland.
Blog: Solvency II to fuel further consolidation in 2016
During the last 12 months, insurers have responded to the prevalent commercial, economic and regulatory pressures by stepping up mergers and acquisitions activity, cutting costs and rationalising non-core activities.
Europe: Telematics - Boxing clever
In the UK, telematics is seen as a way for young drivers to get covered, but other countries take different approaches.
End of marine market cycles, suggests Munich Re's Berg
Dieter Berg, executive general manager at Munich Re, believes the traditional marine market cycle might be over as premiums decline in a prolonged soft market.
BI remains top global risk while cyber is UK's biggest threat
Business interruption is the top global risk for the fourth year running, according to the Allianz Risk Barometer 2016, with cyber attacks, geo-political instability and technology failure identified as new possible drivers of BI losses.
Business interruption from cyber attacks a growing concern, says AGCS
Business interruption is the top risk globally for the fourth year in succession according to Allianz's Risk Barometer 2016 - an annual survey of risk managers.
RSA reaches out-of-court settlement with former Irish CEO Smith
RSA has reached an out-of-court settlement with the former CEO of its Irish operation Philip Smith.