Watchstone has ring-fenced £50.2m in anticipation of a costly court battle with Slater & Gordon later this year.
The British Insurance Brokers’ Association has hit out over an extra Financial Services Compensation Scheme bill that firms will have to pay in February.
How do passengers 'use' motor vehicles? Ozlem Gurses, reader in insurance and commercial Law at King’s College London and British Insurance Law Association committee member, explains how the law sees this question when it comes to insurance.
The regulator expects its claims reporting proposals to cost the industry between £7.5m and £10.5m in one off compliance costs.
The city watchdog has launched a consultation to address potential 'poor product value' in general insurance.
With Brexit looming, manufacturers are facing the logistics of getting products to countries in the European Economic area and back. Natasha Catchpole, practice leader for crisis management and product recall at CFC Underwriting, explains how brokers can…
Motorists from Northern Ireland will have to secure a Green Card from their insurer if they wish to cross the border into Ireland, if there is a no-deal Brexit.
Brightside’s new managing general agent Kitsune takes its name from the Japanese word for fox. The animal is much admired in Japanese folklore for its intelligence and supernatural abilities – characteristics all the insurance companies that announced…
In a highly competitive market, it is important that insurers maximise their data models to create more intelligible insights. Only then, argues Alan O’Loughlin of Lexis Nexis Risk Solutions, will they gain a strategic advantage over competitors
Irish broker Arachas is considering reaching out to UK partners to overcome potential passporting barriers in a post-Brexit world.
The British Airways data breach is the first major case since the General Data Protection Regulation became law. With the firm facing group legal action and the Information Commissioner’s Office testing its teeth for the first time, what might this mean…
We may not have flying cars, humanoid robots and exaggerated shoulder pads, but there is every reason to believe that the 2019 predicted by 80s film Blade Runner, looks very slightly dystopian.
The hype over new technologies might have the industry excited. But there remains a question of whether these firms’ back offices are fit for purpose to enable them to maximise these customer facing investments. Against this backdrop, Post, in…
The Financial Conduct Authority has invited claims management to register for temporary permission to continue operating once the sector enters the financial regulator’s remit later this year.
Legislation introduced in the wake of 2011 riots aims to simplify claims handling
With Brexit, increased scrutiny over reserves, climate change and emerging risks on the ‘watch’ list for 2019 The Prudential Regulation Authority certainly has a lot on its plate. Its executive director for insurance, David Rule spoke to Stephanie Denton…
On the back of recent research by Post and Banking Circle – the financial utility – into the banking/payments infrastructure insurance companies use for reconciliation and settlement, Edward Murray sought to discover the most pressing pain points and how…
Governments around the world are looking to regulate artificial intelligence and as Lee Gluyas, partner, and Stefanie Day, associate with law firm CMS, explain those that get there first will be the ones to benefit.
Gibraltar-based Horizon Insurance has been declared in default by the Financial Services Compensation Scheme.
The Civil Liability Bill, which aims to transform Britain’s motor compensation culture to create a fairer system for insurance customers and claimants alike, has received Royal Assent today and is now part of UK law.
The government has outlined plans that will see it commit to reforms over the coming years, following the tragic Grenfell Tower fire.
The Association of British Insurers has criticised the European Commission for failing to make contingency plans that would allow UK insurers to fulfil contracts with EU policyholders in the case of a no-deal Brexit.
The Competition and Markets Authority has ‘uncovered a range of problems’ around the loyalty penalty and made several recommendations for change in its damning response to a super complaint on pricing practices, but some feel that insurers are catching…
CBL Corporation shareholder Oceanic Securities PTE has filed an opposition to the application to put the company in liquidation, leading to delays for the liquidation hearing.