Regulation
University launches post-graduate degree in insurance law
Queen Mary, University of London has launched what it claims is the first post-graduate course solely dedicated to insurance in the UK.
OFT decision hit DLG float pricing, say analysts
The referral of the motor market to the Competition Commission has had a direct impact on Direct Line Group's pricing estimations as the company continues plans to float up to 33% of total share capital.
Indian regulator supports raising FDI cap
India's insurance regulator has echoed calls from insurers to raise the country's foreign direct investment cap to 49% from 26%, saying the injection of foreign funds would benefit the country's insurance industry.
Insurance Strategy 2012: Insurers missing big 'gender' opportunity
The gender directive is driving a "massive change in the industry" which many insurers are missing, according to Ian Hughes, chief executive of Consumer Intelligence.
PPI complaints increase 129% in H1 2012
Financial Services Authority data has revealed that payment protection insurance has helped push up the number of complaints to financial services firms by 59% to 3.58 million in the first half of the this year.
Top five European news stories
The top five stories from insuranceinsight.com over the past seven days.
Airmic members back commercial insurance law overhaul
The vast majority of Airmic members have backed the risk manager association's support for reforming the legal framework for commercial insurance - the 1906 Marine Insurance Act.
ABI issues gender directive guidance
The Association of British Insurers has published guidance for consumers ahead of the European Court of Justice’s gender directive.
Indian regulator issues guidelines for general insurance IPOs
General insurance companies planning to tap the capital market for funds must have been in business for at least 10 years and will have to seek prior approval from the regulator, India's Insurance Regulatory and Development Authority said in draft…
Insurance Europe welcomes Solvency II impact assesment
Insurance Europe has welcomed news that the European Union will undertake an impact assessment on measures to deal with long-term guarantee issues in Solvency II before finalising the Omnibus II text.
Solvency II could face more delays
Disagreement between European Union member states over the final shape of Solvency II could further delay the implementation of the regulations, Reuters reported yesterday.
More SII delays "regrettable" but necessary
The European insurance and reinsurance federation, Insurance Europe, has welcomed a decision to finalise the impact assessment on measures to deal with long-term guarantee issues in Solvency II before finalising the Omnibus II text.
EU may delay Solvency II
Michel Barnier, the European Union commissioner in charge of regulation, has attributed a potential delay to Solvency II to wrangling between member states over the shape of the regulation.
Biba boss calls for FCA to target non-GI intermediaries
The British Insurance Brokers' Association has called for the incoming Financial Conduct Authority to target non-insurance intermediaries, not the industry's brokers, in order stamp out mis-selling scandals and protect customers.
Wheatley approach a "gross distortion of process"
Law firm CMS Cameron McKenna has claimed that the approach by Martin Wheatley, incoming boss of the Financial Conduct Authority, to "shoot first and ask questions later" represents a "gross distortion of due process".
ABI throws weight behind industry partnership with the FCA
The Association of British Insurers renewed its support today for the insurance industry working in partnership with the incoming Financial Conduct Authority to ensure that regulation delivers for consumers.
Myanmar to open insurance market to foreign investors
Myanmar will allow foreign investors into its insurance sector by 2015 once local private insurers have had time to establish themselves, according to a senior government official.
DLG confirms intention to float
Direct Line Group has issued a statement confirming its intention to proceed with an initial public offering.
FSA approval time hits record high
The Financial Services Authority's deeper scrutiny of new business plans means that start-ups face record waiting times for regulatory approval, according to City law firm Reynolds Porter Chamberlain.
Labuan cracks down on unqualified brokers
Only certified professionals will be allowed to operate as brokers in Labuan by the end of 2013 under regulations designed by the Labuan Financial Services Authority to boost the territory’s international reputation.
Monte Carlo preview: The calm after the storm
With 2011 rocked by political uprisings and catastrophes, delegates at the Monte Carlo Rendez-vous had much to discuss. However, a year later, with the market beginning to settle, what will be on the agenda?
Communities Minister replaces Hoban as Treasury Secretary
Greg Clark, pictured, former Minister of State at the Department for Communities and Local Government, has replaced Mark Hoban as Financial Secretary to the Treasury.
Solvency II timetable 'extremely tight' for insurers
Complete and accurate data is at the heart of the challenge to ensure that insurers are treated fairly under Solvency II, according to Allianz's Peter Keller.
FSA to investigate Lloyds Bank over PPI mis-selling
The Financial Services Authority has launched an investigation into the Lloyds Banking Group over payment protection mis-selling.