United Kingdom (UK)
Insurers to be hit with transparency rules from this weekend
Insurers will be forced from this weekend to conform to tough transparency rules over policy renewals.
Lloyd’s sees underwriting hit following £2.1bn major losses
Lloyd’s has seen underwriting profits slip on the back of major claims of £2.1bn last year.
Lloyd’s confirms Brussels as post-Brexit destination
Lloyd’s has confirmed it will be setting up a new European business in Brussels following the government’s decision to invoke Article 50.
Biba calls for EU free trade agreement as Article 50 is invoked
The British Insurance Brokers’ Association has called on Prime Minister Theresa May to make "urgent progress" in setting up a new free trade agreement with the European Union now that Article 50 has been invoked.
Live: Industry reacts as government triggers Brexit
Check out Post's live blog on industry reactions as the government invokes Article 50.
Ireland urged to ‘draw lessons’ from Lloyd’s Brussels decision
Ireland’s trade body for insurance said lessons need to be learned from Lloyd’s decision to pass up on Dublin as its European subsidiary.
Lloyd’s body recommends Brussels as EU destination
The Lloyd's Franchise Board has recommended that the market chooses Brussels as the location of its post-Brexit subsidiary, Post understands.
PRA plans fee for Solvency II internal model approval
The Prudential Regulation Authority has announced a proposal to introduce a fee for Solvency II full and partial internal model approvals.
Blog: The future of CMCs
Listening to the entirety of the Second Reading debate on the Prisons and Courts Bill last week, I was reminded once again of the pitfalls of short-sighted and ill-thought-out policy changes in the claims sector.
AA profits hit by greater aggregator spend
AA saw profits dip by 2.6% last year due to a higher marketing spend on aggregator sites.
Global insured disaster losses hit $54bn in 2016: Swiss Re
Natural catastrophes and man-made disasters in 2016 resulted in insured losses of $54bn (£43bn), an increase of 46%, according to Swiss Re's latest Sigma study.
Competition watchdog updates investigation into price comparison sites
The competition watchdog will look into whether price comparison sites could be more transparent.
Blog: Being prepared for a ransomware attack
Imagine this scenario: Your employees walk into the office on a Monday morning, turn on their computers and a message appears demanding payment to access company systems and data.
Discount rate cut could triple PI claims costs: Marsh
Changes to the personal injury discount rate could increase the cost of personal injury claims by as much as three times, according to Marsh.
Top UK insurers revealed to use unsafe credit card practices
A secret shopper survey has found a majority of insurers have potentially unsafe practices over credit card data.
Post People 27 - 31 March
Check out this week's movers and shakers.
Nelson: Regulatory burden hampers Solvency II
The regulatory burden imposed upon insurers by Solvency II hampers a fundamentally good regulatory framework, Lloyd’s chairman John Nelson has said.
Over one third of insurance jobs at risk from robots
Artificial intelligence could place more than a third of jobs in the UK financial and insurance sectors at high risk, according to a report from PWC.
Brokers outline reasons for leaving SSP
Brokers that moved from SSP to a rival software house have spoken about their reasons for leaving.
Prudential CEO pay drops 30% in 2016
Prudential CEO Mike Wells' pay fell by a third to £6.9m 2016, the insurer's annual report has shown.
This week in Post: highs, lows and running with the wolves
It has been a week of highs and lows in our household. My son went on his first Cub sleepover and earned the honour of becoming a Sixer. I, meanwhile, returned to the X-ray machine.
Blog: Using a rainbow to lead across generations
Diversity and inclusion has been a hot topic in the insurance industry for a fair few years, but it took the Insurance Industry Charitable Foundations's conference for me to realise the true breadth of diversity and how it could drive the unlocking of…
Esure CEO to get £1.47m share package by 2020
Esure CEO Stuart Vann will gain options over company shares worth £1.47m as part of an executive incentive deal.
Former QBE Europe CEO Burns named Novae non-executive director
Novae has appointed Steven Burns as an independent non-executive director, to take effect from 31 March 2017.