Regulation
PWC warns insurers to take Solvency II action
Insurers must act on the results of the fifth Solvency II quantitative impact study if they are to avoid facing difficult questions from investors, analysts and the market, Pricewaterhouse Coopers has warned.
Government plans extension to travel protection scheme
The scheme that protects holidaymakers in the event that a travel firm goes bust looks set to be extended.
Government plans extension to travel protection scheme
The scheme that protects holidaymakers in the event that a travel firm goes bust looks set to be extended.
Biba slams FSCS over “ridiculous” levy
The British Insurance Brokers’ Association has warned intermediaries to begin to preparations for a potential 50% increase in Financial Services Compensation Scheme levies for 2011/12.
Ex-LSE deputy CEO appointed boss of new regulator CPMA
The Government has announced that Martin Wheatley will become chief executive designate of the Consumer Protection and Markets Authority. He will be formally appointed to the post of chief executive once the new body has been established at the end of…
Motor Claims 2011: Adapting to change in the motor market
With the insurance industry suffering from reviews, increased legislation and the need for additional transparency, Brendan Keane looks at how the motor market can adapt and change to keep one step ahead.
Nationals call for FSA talks as Towergate seals £200m deal
Chief executives from some of the UK's largest brokers have called for a meeting with the Financial Services Authority to discuss concerns over the increasing level of intervention in compliance issues by the regulator.
In series - Geography & Solvency II: Advice on getting data right
For the majority of insurers and to a certain extent brokers, data quality has consistently been an issue with reasons ranging from the ongoing problems of legacy systems to basic human error, as Sarah Adams explains.
In series - Geography & Solvency II: Accurate data is key to Solvency II requirements
The need for more accurate data and improved infrastructure is occupying insurers' Solvency II teams. However, Sam Barrett finds that UK firms are well prepared when it comes to accuracy of information.
FSA seeks more 'intrusive' resilience benchmarking
Brokers have backed publication of a consultation document by the Financial Services Authority, Bank of England and HM Treasury that considers options for a financial sector resilience benchmarking programme.
FSCS increases broker levy fees
The Financial Services Compensation Scheme has increased its total levy on insurance brokers from £61m to an estimated £93.5m for 2011/12.
Post Magazine – 3 February 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
UK brokers call for FSA talks – Insurance News Now – 2 February 2011
Post reporter Amy Ellis outlines this week’s major general insurance stories, including how some UK brokers are calling for a meeting with the FSA to discuss concerns over the increasing level of intervention in compliance issues by the regulator.
CMS warns of cost of “twin peak regulation”
Law firm CMS Cameron McKenna has claimed that insurance companies will be hit hard by the Financial Services Authority’s Annual Funding Requirement due to the cost of the change in regulator.
Insurers facing FSA SII levy increase
The Financial Services Authority has revealed plans to increase its levy for the implementation for Solvency II from £29m to £46.4m.
Insurers facing FSA SII levy increase
The Financial Services Authority has revealed plans to increase its levy for the implementation for Solvency II from £29m to £46.4m.
S&P: Omnibus II will stabilise insurer rating environment
Standard & Poor's today said it believes the European Commission's publication of its proposed revisions - known as Omnibus II - to the Solvency II directive, will have a stabilising impact on the market.
S&P: Omnibus II will stabilise insurer rating environment
Standard & Poor's today said it believes the European Commission's publication of its proposed revisions - known as Omnibus II - to the Solvency II directive, will have a stabilising impact on the market.
EU Directive will sharpen the finance agreements of credit hire organisations
The forthcoming Consumer Credit (EU Directive) Regulations 2010 may help the insurance industry deal with dubious credit hire agreements, according to Horwich Farrelly.
EU Directive will sharpen the finance agreements of credit hire organisations
The forthcoming Consumer Credit (EU Directive) Regulations 2010 may help the insurance industry deal with dubious credit hire agreements, according to Horwich Farrelly.
European M&A falls to all-time low
The volume of mergers and acquisition deals targeting Western Europe fell to a 12-month low in January, according to preliminary findings from Zephyr, the M&A database.
European M&A falls to all-time low
The volume of mergers and acquisition deals targeting Western Europe fell to a 12-month low in January, according to preliminary findings from Zephyr, the M&A database.
Not seeking equivalence is in the interest of clients in Guernsey
Heritage Insurance Management has welcomed the announcement made by the authorities in Guernsey that it has no plans to seek equivalence under Solvency II.
Not seeking equivalence is in the interest of clients in Guernsey
Heritage Insurance Management has welcomed the announcement made by the authorities in Guernsey that it has no plans to seek equivalence under Solvency II.