Regulation
Justice Select Committee needs to prove its mettle over personal injury reforms
As the Justice Select Committee prepares to hear oral evidence about the government's personal injury proposals, Carpenters director Donna Scully bemoans the unrepresentative makeup of those giving evidence at a time when those in power need to be held…
Branch or subsidiary? How UK and EU insurers can passport after Brexit
The loss of passporting will be a major challenge for insurers after the UK leaves the European Union. Steven McEwan, partner at Hogan Lovells, looks at some of the options available.
Russia: Rosgosstrakh debacle sees increased government involvement in insurance
Government involvement in the Russian insurance sector is increasing as the country's largest private bank was placed under administration after acquiring failing insurer Rosgosstrakh.
Solicitors PI market takes off in Italy
The recent introduction of compulsory insurance requirements for Italian law firms is yet another milestone for the country’s rapidly growing professional indemnity insurance market, explains Massimiliano Colombo, regional underwriting manager at QBE…
Allianz's Simon McGinn on treating customers, and their data, fairly
This year will see changes to how companies can use people's personal data and Simon McGinn, general manager for commercial and personal at Allianz, believes this is time to perfect the treating customers fairly mantra.
Analysis: Economy 4.0 - Learning to share
The on-demand, sharing and digital sectors - often called Economy 4.0 - bring new risks and challenges for the insurance industry.
Legal Update: What insurers need to know about harassment claims
As the number of harassment claims increases, insurers should consider whether they're best covered under general liability policies or specialist employment policies, recommends Joe McManus, partner at Kennedys.
Preview of 2018: A sneak peek at the coming year
The promised whiplash and discount rate reforms, as well as the UK’s exit from the European Union, are expected to shape the coming year for the industry. Insurers, brokers, loss adjusters and lawyers are wary of political uncertainties and the trends in…
Neon launches UK’s first ILS vehicle
Lloyd’s carrier Neon has launched the first Insurance Linked Securities vehicle in the UK, NCM Re and raised third party capital to support the UK’s first ILS transaction.
Post Power List 2018
2018 is likely to be a year dominated by data regulation, more Brexit negotiations and further Ogden reform and, as such, the key influencers reflect this
Post Power List 2018: David Lidington
Lord Chancellor and Secretary of State for Justice and Member of Parliament for Aylesbury
Post Power List 2018: Michel Barnier
Head of Brexit negotiations, European Union
Post Power List 2018: Andrew Bailey
CEO, Financial Conduct Authority
Post Power List 2018: Elizabeth Denham
Information commissioner, Information Commissioner’s Office
Post Power List 2018: Huw Evans
Director general, Association of British Insurers
Post Power List 2018: Steve White
CEO, British Insurance Brokers’ Association
Post Power List 2018: Dany Cotton
Commissioner, London Fire Brigade
Post Power List 2018: Isabelle Goubin
Chair, Commissariat aux Assurances (Luxembourg)
Post Power List 2018: Sian Fisher
CEO, Chartered Insurance Institute
Relief as IDD deadline extended by seven months
Insurers have received an early Christmas present in the form of a proposed delay of seven months to the implementation of the Insurance Distribution Directive.
Legal Update: Conflicts of interest in the insurance distribution chain
As they prepare for the Insurance Distribution Directive, insurers and brokers need to be wary of conflicts of interest, which the Financial Conduct Authority has been monitoring closely, explain Roseyna Jahangir and Juanita Morrison, associate and…
FCA warns against ‘bogus’ firm operating in the UK
The Financial Conduct Authority has issued a warning to insurers against an unregulated financial services provider targeting UK consumers.
Spotlight on professional indemnity: Media and technology sectors
Taking risks is in the DNA of many media and technology firms and insurance should be the enabler that allows them to do this effectively.
Spotlight on professional indemnity: SME cover for 2017 and 2018
The competitive insurance market has triggered low premiums for professional indemnity cover but Terry Pegg, director of sales and marketing at Tokio Marine HCC, argues this does not mean that standards in policies or service levels should be slipping.