Regulation
Early implementation of SII elements 'burdensome' for UK firms
The European Insurance and Occupational Pensions Authority has published four consultation papers containing guidelines on the elements of Solvency II that it wants national supervisors implemented by national supervisors from 1 January 2014 on a "comply…
Post magazine – 28 March 2013
The latest edition of Post magazine is now available to subscribers as a digital and interactive e-book.
Savage upbeat on motor market outlook
Lloyd's finance director said the UK motor insurance market is "over the worst of the soft cycle" and has expressed confidence that upcoming government reforms will further improve the sector's outlook.
Eiopa begins consultation on Solvency II guidlines
The European Insurance and Occupational Pensions Authority today launched public a consultation on guidelines for Solvency II preparation.
Future Group to sell GI stake
Future Group today entered into a non-binding agreement to merge L&T General Insurance with Future Generali India Insurance, according to reports in the local media.
E&Y welcomes long term financing consultation
Ernst & Young has joined Insurance Europe in welcoming the green paper on long-term investment issued by the European Commission yesterday.
SRA issues PI referral fees ban guidelines
The Solicitors Regulation Authority has issued guidance and support for those in need of advice ahead of the introduction of the referral fees ban in personal injury cases.
Top five European news stories
The top five European stories from www.insurancensight.com over the past seven days.
Government panel recommends unified Indian regulator
An Indian government panel wants a unified financial regulator.
ABI and DLG welcome young drivers green paper
The Association of British Insurers and Direct Line Group have welcomed the green paper launched by the government at the motor insurance summit meeting which they both attended.
Young driver green paper launched at motor summit
The Department for Transport has launched a green paper in a bid to improve safety and reduce young driver risks and cut insurance costs.
ABI welcomes opportunity to reshape regulator-industry relationship
The Association of British Insurers has welcomed the opportunity to reshape the relationship between the industry and its regulators as the Financial Services Authority is due to be replaced by two new regulatory bodies.
Regulation must not jeopardise long-term investment says Insurance Europe
Insurance Europe has welcomed the European Commission’s adoption of a Green Paper on the long-term financing of the European economy.
FCA will carry on FSA’s temporary product intervention rules
The Financial Conduct Authority will carry on the Financial Services Authority approach to temporary product intervention.
New regulator pledges to 'act more decisively' than FSA
The Financial Services Authority has outlined the risks that will be a priority in the next 12 months for its successor, the Financial Conduct Authority, when it takes over on 1 April.
Third motor summit to be held on Monday
Whiplash, young drivers and the scourge of uninsured drivers are expected to top the agenda at a third motor insurance summit involving the insurance industry and government ministers to be held at Westminster on Monday.
Fixing the protection gap in the UK
I recently presented to the All Party Parliamentary Group on Insurance and Financial Services to discuss the future of lending at a time when consumers have lost confidence in income protection programs.
Wheatley tells firms ‘no need to be afraid of the FCA’
Martin Wheatley, chief executive of the Financial Conduct Authority, has vowed to take a less aggressive tone than its predecessor in its dealings with regulated firms.
Hastings boss Hoffman cools talk of IPO following year of 'strong growth'
Hastings chief executive Gary Hoffman has moved to dampen speculation that his firm is manoeuvring itself to launch an initial public offering in the months ahead, but has refused to rule out a float in the long-term.
GDV asks for relaxing of green investment rules
German insurers want regulators to ease rules restricting their ability to invest in renewable energy and infrastructure, according to trade body GDV.
Truell among bidders linked to Co-op sale
Mark Summerfield, managing director of The Co-operative Insurance, has said the planned sale of the general insurance business is “entirely in line with the group’s strategy” to build a “compelling competitor in high street banking that customers will…
Post magazine – 21 March 2013
The latest edition of Post magazine is now available to subscribers as a digital and interactive e-book.
Is Biba’s new chief executive the White man for the job?
Improving the broking sector’s public profile, representing smaller firms and standing up to the incoming financial regulator are among the early challenges facing incoming British Insurance Brokers’ Association chief executive Steve White.
Insurance sector responds to Budget
Members of the insurance industry have responded to today's Budget.