Regulation
Government must solve passporting rights, says FCA CEO
The government must solve the problem of passporting rights to secure the future of the insurance sector after Brexit, the Financial Conduct Authority’s CEO has warned.
Blog: There will be a tsunami of new apprenticeships
Don’t write the apprenticeship levy off just yet, says Matthew Metcalfe, claims manager at Covéa Insurance, explaining why the future’s bright for new apprenticeships.
Analysis: The impact of FSCS funding proposals on brokers
In 2016 the Financial Conduct Authority released a raft of proposals that examined potential changes to the way the Financial Services Compensation Scheme was funded.
This Week in Post: Personal injuries and parenting fails
I felt very smug when my daughter tried on her first pair of slipper socks: she liked them! That meant I wouldn’t need to argue with her to keep her little feet warm – and she wouldn’t risk slipping on wooden floors. What I hadn’t foreseen though was…
Minster's Shirley Woolham on why robots won't replace lawyers
Artificial intelligence is taking over mundane legal functions but is not killing off lawyers, says Shirley Woolham, chief operating officer at Minster Law.
Australian government sets-up inquiry into financial sector
The Australian government has announced a high level inquiry, known as a Royal Commission, into Australia's financial services sector.
China's general insurers and reinsurers told to hire chief actuaries
China's regulator the China Insurance Regulatory Commission has asked the country's 84 non-life insurers and 12 reinsurers to each hire a chief actuary by 1 January 2020.
LMG outlines post-Brexit free trade agreement
The London Market Group has outlined a free trade agreement for the insurance sector to help the industry navigate trade issues during Brexit negotiations.
Interview: Daniel Schreiber, Lemonade
Lemonade CEO Daniel Schreiber talks about the expansion plans of the US-based start-up that uses artificial intelligence to validate claims and donates profits to charities.
Analysis: Review of the year 2017
The past year has been a stormy one for the insurance market – and not just in terms of weather: the discount rate saga and the insurance premium tax hike helped propel motor premiums to stratospheric highs. Industry figures see clearer skies, however,…
Blog: ‘Keeping mum’, a barrier to consolidating data intel
Insurers want to keep their competitive advantage but should share their expertise to combat fraud, says Lior Koskas, managing director of Digilog UK.
Legal Column: Huge changes ahead for PI claims in Scotland
The Civil Litigation Bill going through the Scottish Parliament could have a huge impact on personal injury claims, explains Kate Donachie, associate at Brodies.
Blog: Rekindling the broking passion and preserving independence
Broker Network CEO Andy Fairchild urges experienced brokers to mentor the younger generation.
Budget 2017: Live blog
The industry's reaction to the Budget statement 2017.
Blog: Are suppliers ready for the GDPR challenges?
The thought of the incoming General Data Protection Regulation may send some into panic but Steve Cook, managing director of Covent Bridge, says suppliers have been ahead of the game for some time through self-imposed compliance.
China to increase life insurers' foreign ownership cap
The Chinese government has announced its intention to lift foreign ownership limits on domestic life insurers.
FCA launches wholesale broker sector market study
The Financial Conduct Authority has launched a market study “to assess how competition is working” in the wholesale insurance broker sector.
Editor's comment: Fashion is fickle
Fidget spinners, dabbing and the bottle flip are just three of the crazes that my son brought home from school during the last academic year. Luckily for me, unlike Pokémon - which has been in our house for three full years now - these were short-lived…
Insurers hit out at FSCS consultation
The Association of British Insurers has hit back at proposals from the Financial Conduct Authority that insurers contribute towards costs of intermediary failure under the Financial Services Compensation Scheme
International: Trade credit demand is up
European political instability and financial regulations are pushing demand for trade credit cover, especially from banks that are keen on optimising their capital.
Lloyds Bank's Bill Cooper on the attraction of illiquid investments
The protracted low interest rates and poor profitability could make illiquid assets increasingly attractive for insurance investors according to Bill Cooper, managing director and global head of insurance at Lloyds Bank Commercial Banking.
Legal: Driverless cars, shifting liability
Kennedys partner Rachel Moore analyses the liability shift autonomous vehicles are operating in motor insurance.
This Week in Post: Red suns and robots
A Blade Runner mist engulfed London on Monday as storm Ophelia blew Saharan sand into the capital. Struck by the eerie atmosphere, City workers tweeted pictures of the yellow sky, which an Irish commentator promised to look at “as soon as our houses land…
Brightside's Mark Cliff on the impact of the discount rate for brokers
Insurers have been vocal about their feelings about the discount rate but Mark Cliff, executive chairman at Brightside Group, notes this has also affected brokers, who have been at the sharp end of market turmoil.