Regulation
Government rebrands broker regulator before launch
The government is to rename the Consumer Protection and Markets Authority as the Financial Conduct Authority and give it the power to ban products or limit their distribution for up to 12 months.
Parliament debates mutual model
Labour MP Gareth Thomas has called for the government to honour pledges to support the development of the mutual financial model in the UK in a debate in Parliament today.
The professionalism push: Video interview with Sandy Scott, CII
Sandy Scott, chief executive of the Chartered Insurance Institute talks to Jonathan Swift about the challenges and opportunities facing the general insurance industry in its quest to embrace professionalism.
In Series - Geography & Solvency II: What are the risks for insurers?
With the implementation of Solvency II looming, Sam Barrett asks if insurers are forgetting to look inwards at the risks their own companies face.
FSA boss assuages fears over insurance regulation
Financial Services Authority chief executive Hector Sants has assured the UK insurance market the new regulatory landscape will see insurance retain a separate identity from the banking sector.
Scott: GI becoming 'recognisable profession'
The chief executive of the Chartered Insurance Institute is confident that the general insurance industry is making strides that will help it differentiate itself under the incoming regulatory regime.
Learning from life: Could Solvency II bring life and general insurance closer together?
When the First Life Assurance Directive was passed in 1979, it spelled the end for new composite insurers. Steven McEwan explains why the advent of Solvency II may bring life and general insurance back in contact again.
Zurich: mutual court ruling erodes commercial market
Zurich has argued that a Supreme Court ruling over London councils' rights to obtain insurance cover via a self-funded mutual has undermined the value of a "vibrant and competitive commercial insurance market".
Motor Claims 2011: Industry must take lead over text pest marketing
The industry needs to take the lead on legitimate mobile marketing in the battle against the 'text pests' in personal injury claims farming.
Motor Claims 2011: Industry needs to reform to rejuvenate
"If we do nothing, body shops and the whole supply chain will become inefficient".
UK regulation needs tailoring for Takaful
UK insurance regulation needs to be tailored to meet the needs of Islamic financial services products if Takaful insurance is to succeed in the UK, a director of the Central Bank of Bahrain has claimed.
In Series - Geography & Solvency II: Using geographic information for contingency plans
Dr Marc Hobell explains how geographic information can help managers with contingency plans if an incident occurs.
PM warns"damaging" EU regulation could unfairly hit female drivers
The impact of the upcoming European Union gender eqality directive on female drivers' insurance premiums was raised today in Parliament during Prime Minister's Questions.
PM warns"damaging" EU regulation could unfairly hit female drivers
The impact of the upcoming European Union gender eqality directive on female drivers' insurance premiums was raised today in Parliament during Prime Minister's Questions.
Biba accuses regulator of ignoring broker concerns over fees
British Insurance Brokers’ Association chief executive Eric Galbraith has called on the Financial Services Authority to accelerate its review of the Financial Services Compensation Scheme.
Post Magazine – 17 February 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Legal costs "gravy train" costing UK consumers £2.7m every day
The Association of British insurers has said that it is time to put the “brakes on the legal costs gravy train” that is costing UK consumers £2.7m every day.
Government "failing to see bigger picture" on justice reform
President of the Association of Personal Injury Lawyers, Muiris Lyons, is set to announce that the reforms of the civil justice system which focus on costs, fail to consider the “bigger picture” for injured people.
Hiscox accuses claimant law firms of "manipulating" legal costs
Hiscox has accused some claimant law firms of “manipulating and inflating costs" in defamation and privacy cases.
Firm issues capital allowance advice
Insurance brokers’ clients with commercial properties could be missing out on millions of pounds in capital allowances, according to Portal Tax Claims.
Amlin boss warns insurers could quit UK over Solvency II "gold plating"
Amlin chief executive Charles Philipps has warned his firm could relocate overseas because of Solvency II.
Amlin boss warns insurers could quit UK over Solvency II "gold plating"
Amlin chief executive Charles Philipps has warned his firm could relocate overseas because of Solvency II.
Exclusive regulation and D&O content now available on Post Europe
Post Europe’s weekly update is now live with articles looking at Guernsey’s need to declare it would not be seeking Solvency II equivalency; and a View from the Top which says challenges in the European directors’ and officers’ markets are formidable.
Exclusive regulation and D&O content now available
Insurance Insight’s weekly update is now live with articles looking at Guernsey’s need to declare it would not be seeking Solvency II equivalency; and a View from the Top which says challenges in the European directors’ and officers’ markets are…