Regulation
Regulation still thwarts China expansion
Property and casualty insurers still consider China’s tight regulatory environment as the top concern, a report from PWC has found.
Claims club: Claims teams must gear up to provide Solvency II documentation and evidence
Claims handlers are not exempt from the Solvency II requirements, according to Lloyd’s boss Luke Savage. The finance, risk management and operations director warned attendees that claims teams would have to ensure their documentation, technical provision…
North of the border: Encouraging results
Manual handling case finds 'reasonable practicability' requirements are not insurmountable, says Simpson & Marwick associate David Pollok.
Health & safety: A matter of interpretation
Health and safety reform is high on the government’s agenda, but is the problem with application rather than legislation?
Post magazine – 8 December 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Eiopa president calls for 'paradigm shift' in consumer protection
Eiopa president Gabriel Bernardino called for a “paradigm shift” to restore confidence in Europe’s financial services sector at the regulator’s first consumer strategy day.
Galbraith brands financial crisis terminology a "challenge" to the sector
British Insurance Brokers’ Association chief executive Eric Galbraith has today told parliament that the language used by the government and regulator about the financial crisis is a challenge facing the sector.
Motor insurers set to share application data in suspected frauds – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including how motor insurers plan to share suspected application fraud data as criminals try multiple applications to get cars on the Motor Insurance Database as cheaply as…
Legal and tax issues top Airmic worries
Global economic and political uncertainty has had little impact on global insurance programmes, the second annual Airmic casualty benchmarking survey has found.
OFT accepts insurer commitment to limit data exchange
The OFT has accepted formal commitments from six insurance companies and two IT software and service providers to limit the data they exchange between them.
Harmonising insurance guarantee schemes across Europe
Harmonisation of insurance guarantee schemes is a topic that has been debated for some time but European Commissions direction on it due next year Sam Barrett looks at how this could work in practice.
Cayman insurance law regulation changes almost complete
Enhanced regulations are being finalised relating to the Cayman Islands Insurance Law 2010, which was passed early last year.
FSA appoints non-exec director for FSCS
The Financial Services Authority has appointed Paul Stockton as non-executive director to the Board of the Financial Services Compensation Scheme with effect from 1 December 2011.
Airmic to have global compliance database ready by September 2013
Airmic is to create a final version of its industry-backed global compliance database by September 2013.
Fire protection sprinklers: The market needs saturating
Despite research showing sprinklers significantly reduce economic damage and environmental impact following major fires, hopes for mandatory legislation remain low.
Post magazine – 1 December 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Market runs risk of undermining low cost legal expenses
Arc Legal Assistance has cautioned some in the legal expenses market on making premature comments regarding the impact of the High Court ruling in the Webster Dixon v Equity Syndicate case on the UK’s “thriving” low cost before the event legal expenses…
ABI defends proposal to ban young motorists from driving at night
The Association of British Insurers has been forced to defend its proposals, which included a ban on night driving for young drivers, after they were dismissed as unenforceable by the government and safety campaigners.
Insurers warned over consequences of hiring unregulated investigators
A senior private investigator has warned that insurers face ruined reputations when hiring unregulated private investigators in the wake of the News of the World phone hacking scandal.
Post magazine – 24 November 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Catlin and China Re deal predicted to be catalyst for Lloyd’s investment – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including how industry experts believe the landmark partnership between Catlin and China Re will be a catalyst for a boom in Lloyd’s investment from insurers in emerging…
Keoghs warns of Laspo bill’s “limited scope”
Keoghs has spoken out about the Legal Aid, Sentencing and Punishment of Offenders Bill as it goes through its second reading in the House of Lords.
Keoghs grows with two appointments
Insurance claims law firm Keoghs has hired two new partners – insurance fraud specialist Paul Smith and risk and compliance director Philippa Hayes.
UKRC calls for better provisions for sick staff
The UK Rehabilitation Council is demanding the introduction of proactive return-to-work strategies for sick staff, as the Department for Work and Pensions prepares to publish its sickness absence review on Monday.