Pricewaterhouse Coopers (PWC)
Subrogation: Fair Play?
With some firms facing criticism over their approach to subrogation, are motor insurers acting in customers’ best interests or is this outdated legal framework being exploited?
In Series: Technology: The great app race
While apps were all the rage until recently, insurers are now discovering the value of optimised mobile sites.
Regulatory uncertainty raises domicile questions
Splitting tax domiciles and regulators could be an enticing prospect for insurance groups looking to avoid the European Union’s Solvency II regulations.
PWC names Bichard London market leader
PWC has followed January’s appointment of Jonathan Howe as UK insurance leader by naming a new London market boss.
Increased shareholder scrutiny puts spotlight on insurance CEO pay
Insurers are more cautious and keen to be transparent over executive remuneration after last year’s ‘shareholder spring’, according to analysts, with recommendations for boss’s pay packets swelling in the past 12 months.
Improving Underwriting: Driving Profits
Can a more sophisticated approach to underwriting help motor insurers finally turn a profit?
Jobs at risk as KPMG feels bite of Solvency II delays
Up to 40 actuarial jobs are at risk at KPMG as the accountancy giant feels the pain of uncertainty around the timeline for Solvency II coming into force.
Improving Underwriting: Adding some colour
Larger amounts of more detailed data are available to insurers but can they create a balance between profitability and fair rates?
PWC pair named De Vert provisional liquidators
Shuttered Gibraltan insurance company De Vert has today seen two PWC managers appointed as joint provisional liquidators.
Editor's comment: A glimmer of romance
So, it’s St Valentine’s Day — the dinner is in the oven, the bubbly is on ice, the flowers are in water and love is in the air... or is it?
View from the Top: Where is the love?
Survey peddlers should be off the Valentine’s card list as they predict doom and gloom
Insurers’ profits decline by £19bn from pre-crash high
General insurers saw a £19bn profit fall in 2011 from a pre-crash industry high in 2007, PWC research found.
90% insurance CEOs anticipate revenue growth
Despite poor economic forecast, 90% of insurance CEOs worldwide are expecting profits to grow, according to PWC’s Global CEO Survey.
Joint ventures are best plan to target emerging markets, says PWC’s Howe
PWC's new UK insurance lead Jonathan Howe has advised UK insurers to enter joint ventures in order to best access emerging markets and protect themselves in the future.
Sandy set to generate lengthy legal battles amid deductibles debate
Settlements over the first disputes to arise from claims relating to Superstorm Sandy are unlikely to be reached until the middle of 2014 at the earliest.
UK regulator committed to risk-based regulation regardless of EU status
Plans to implement Solvency II will not be derailed by the Prime Minister’s pledge to hold a referendum on European Union membership if he is re-elected at the next general election.
Gender Directive: The Sex Factor
As consumers come to terms with gender-neutral pricing, motor insurers continue to sweat over alternative rating factors and rebalanced underwriting models.
Reinsurance: Superstorm in a teacup?
While destruction wreaked by Superstorm Sandy hasn’t hit the reinsurance sector as hard as might be expected, the market faces challenges in the shape of overcapitalisation and PPOs.
European insurers look to exit run-off business
The trend of insurers looking to exit their legacy business is likely to continue over the next 12 months according to Pricewaterhouse Coopers.
UK exit could impact insurance regulation
A change in the UK's relationship with the European Union would most likely affect insurers in the area of regulation, according to PwC.
Supreme Court rejects Prudential legal advice appeal
The UK's Supreme Court has ruled that legal advice provided by non-legal professionals does not qualify for legal privilege, ending a legal battle with Prudential and PWC which has run since 2007.
Biba finds optimistic broker outlook for future
Brokers are more positive about investing in new staff according to a survey by the British Insurance Brokers’ Association.
CBI: Insurer business volumes grow as brokers report steep fall in business
General insurers have seen "robust growth" in business volumes over the past three months, in contrast to insurance brokers, which have reported a "steep fall in business".
Market moves: Twice is nice for JLT as broking sector leads the way
This week belonged to the broking sector, with JLT adding added new staff to its speciality and reinsurance arms. There were also moves in the intermediary space for BGL, Miller and Towergate.