Regulation
MENA insurance market needs less fragmentation
The future of the Middle East and North Africa insurance market remains bright, but local insurance companies must transition from fragmented companies to become national champions, according to a survey.
Handling customer complaints
In an online exclusive, CMS Cameron McKenna partner Alison McHaffie outlines best practice for insurance firms dealing with complaints from customers.
Solvency II amendments poll
Are the Solvency II amendments enough?
MAS enhances Singapore's capital framework
The Monetary Authority of Singapore is to consult on enhancing the country's risk capital framework.
Lloyd's says Solvency II delay will avoid applications gaps
Lloyd's has rejected claims it is struggling to prepare its Solvency II internal model submission for the Financial Services Authority, claiming there will be "no gaps in the applications" by the July submission deadline.
UK Supreme Court rules on asbestos trigger
The UK Supreme Court has put an end to years of uncertainty regarding asbestos payouts, ruling that the trigger date for mesothelioma claims is the date of exposure.
European Parliament wants EU-wide sanctions for cyber crime
Cyber attacks on IT systems will face criminal-law sanctions, according to a report by the Civil Liberties, Justice and Home Affairs Committee of the European Parliament released today.
Insurers and brokers sign up to CII internship good practice guide
The Chartered Insurance Institute has launched its first good practice guide for internships in the general insurance and financial services professions.
Lloyd's Solvency II July date will prevent FSA "application gaps"
Lloyd's has hit back at claims it is "struggling" to prepare its Solvency II internal model submission for the Financial Services Authority, stating the new July date ensures "no gaps in the applications".
Omnibus II faces three month delay
The plenary vote on the enabling legislation for Solvency II has been delayed by three months.
Philippines Insurance Commissioner promotes benefits of microinsurance
The Philippines Insurance Commissioner has urged members of the public to buy microinsurance to prepare for the future.
Insurance Insight – top 10 stories
The 10 most read stories from www.insuranceinsight.eu over the past seven days.
ISE 2012: Europe should prepare for the worst
European insurers should prepare for the worst but hope for the best according to Chris Smith, global Europe director for RSA.
ISE 2012: EIOPA sees ‘new spirit’ after Solvency II vote
There is a new spirit and momentum to Solvency II following this week’s vote according to the European Insurance and Occupational Pensions Authority.
ISE 2012: UK regulator’s emphasis on board role in risk management could attract “wrong” sort of execs
Following the bank crisis the Financial Services Authority in the UK has focused more closely on the board’s role in risk management in a move which could be bad for non-executive directors according to a legal expert.
IRDA scrutinises bank stakes in Indian insurers
Equity tie-ups between Indian insurers and their bancassurance partners are coming under scrutiny from India’s insurance regulator.
Ex-NY insurance superintendent calls for Solvency II equivalency
The former New York superintendent of insurance has warned that the transatlantic market could be destabilised if the Solvency II equivalency issue is not resolved.
Chinese government tightens insurance supervision
Administrators at Chinese state-owned insurance companies have been brought under higher-level supervision owing to the promotion of senior industry figures.
Insurance Europe disappointed by ECON's approval of long-term guarantees
Insurance Europe, formerly the CEA, welcomed the approval of the provisions in relation to non-life and health insurance by the European Parliament’s economic and monetary affairs committee today, saying it hoped to see them included in the final Omnibus…
Solvency II changes ignore industry concerns, E&Y says
The European Parliament’s Economic and Monetary Affairs Committee’s agreed Solvency II amendments disregards industry proposals, according to Ernst & Young.
Analysts praise ECON vote on Solvency II
Industry experts have praised the European Parliament Economic and Monetary Affairs Committee decision to back a series of Solvency II amendments.
Analysts praise ECON vote on Solvency II
Industry experts have praised the European Parliament Economic and Monetary Affairs Committee decision to back a series of Solvency II amendments.
Insurers in Philippines fight proposed capital hike
Insurers in the Philippines have locked horns with the country's Department of Finance over proposals to increase the capital requirements for insurers to P1bn (€17m) by 2016.
Guernsey and Malta sign double tax agreement
Guernsey has signed a comprehensive Double Taxation Agreement with Malta, the third tax agreement for the captive favourite, after deals with the UK and Jersey.