Regulation
Ironshore launches new environmental products for Europe
Dublin-based insurer Ironshore Europe has launched a suite of environmental products for the European market.
Eurozone financial services companies face challenging 2012
Solvency will remain a key challenge for Eurozone financial services companies throughout 2012, despite the positive action taken by the European central bank.
Chinese insurance premiums rise 10% to £150bn in 2011
China's total insurance premiums rose 10 percent to 1.43 trn yuan (£150bn) in 2011 from a year earlier, according to weekend reports.
Malaysian insurance regulator revises motor premiums for first time in 30 years
As part of the new motor cover framework for addressing the structural issues within the motor insurance sector, Bank Negara Malaysia has announced measures it hopes will improve the claims settlement process and the implementation of gradual premium…
Bancassurance: a bright future?
With all the turmoil across the Eurozone and with regulatory upheaval ahead, it seems it could be an interesting time for the bancassurance market, as Jakki May reports.
Post blog: The year reform hit the road
The reform of the personal injury system may not be as significant as the major events of 2011, such as the Arab Spring, Eurozone crisis or death of Osama bin Laden, it will have a dramatic impact on all those involved in the system.
Apil president raises 'grave concerns' following PM's promise
The president of the Association of Personal Injury Lawyers fears that David Cameron’s vow to clamp down on the perceived UK compensation culture could leave workers exposed to unnecessary risk of injury.
Post magazine – 29 December 2011/5 January 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
View from the top: 2012 — the start of the future?
Plans for the year ahead need to address the fundamentals of the industry, says Stephen Lewis.
Editor's comment: Time for a scrap over metal
As an avid music lover, the year end is always a good time to catch up with the inevitable flurry of ‘best of’ lists to make sure that I have not missed out on any gems.
BGL linked with Minster Law swoop as insurer/broker ABS uptake tipped to rise
The on-going backlash over referral fees has been credited as both a hindrance and catalyst for insurers and brokers seeking alternative business structures.
Biba members to benefit from crime requirements checking facility
Members of the British Insurance Brokers’ Association will be kept up to speed with their obligations under the Terrorism Act and the Financial Services Authority’s financial crime requirements following the association’s launch of a checking facility.
ASA bans 'misleading' Direct Line ad
The Advertising Standards Authority has castigated Direct Line over a landlords’ insurance ad, featuring TV presenter Sarah Beeny, that claimed the insurer would beat any quote when it actually had a minimum price.
FSA approval time lengthens again
The average length of time it takes the Financial Services Authority to authorise financial services businesses has started rising again, according to data seen by City law firm Reynolds Porter Chamberlain.
European Commission offers equality guidance to insurers
The European Commission has today adopted guidelines to help the insurance industry implement unisex pricing, after the Court of Justice of the European Union ruled that different premiums for men and women constitute sex discrimination.
JLT appointed to manage new mortgage indemnity scheme
Jardine Lloyd Thompson has been appointed by the Home Builders Federation to manage and develop the newly introduced mortgage indemnity scheme, which will see mortgages on new build homes underwritten by house builders and the government.
KPMG boss predicts 'greater scrutiny' in 2012
Next year will see a return to underwriting disciplines for general insurers as their financial performance comes under greater scrutiny and they face increased regulatory interest.
Law commissions proposals will lead to premium rise, says ABI
The Association of British Insurers fears the law commission proposals on insurance contract law will lead to an increase in premiums.
Moody's completes £50m Barrie & Hibbert buyout
Moody’s Corporation today announced the capture of Edinburgh-based risk management modeling firm Barrie & Hibbert in a deal worth £50m.
EC data protection regulations could generate opportunities for cyber insurers
Draft regulations from the European Commission on data protection will impose significant demands on businesses and could generate new opportunities for cyber insurers, according to law firm DAC Beachcroft.
View from the top: Regulation - it’s a matter of the right amount
Time and again, debates rage as to the role of the European Central Bank in the crisis.
Insurance certificates removed from road tax application process
Motorists will no longer be obligated to produce a certificate of insurance in order to purchase road tax amid new government plans geared towards clamping down on forged documents.
Your say: Environmental lobby stance
I read the article on fire protection sprinklers, The market needs saturating with interest, and agree with Andrew Miller that the environmental issues could be used as an extremely effective argument in the UK to lobby government.
Ask the expert
Do you have any feel for what recruitment trends are likely to arise in 2012 within the insurance industry?