Pricewaterhouse Coopers (PWC)
RSA confident PWC report will find no issues outside of Ireland
RSA has underlined its confidence that a PWC investigation into serious financial irregularities uncovered at its Irish operation will confirm the issues in Ireland as an isolated incident.
Cost of home insurance expected to fall despite flood claim increases
Growth in price competition could see rate reductions of up to 10%.
Reinsurance renewals remain ‘tough’ despite reduced concerns over PPOs
Insurers benefiting from non-motor rate reductions across the board.
RSA to release Irish review findings next week
RSA will release the key findings of PwC’s review into the financial and regulatory reporting processes and controls within the Irish Business next Thursday.
External candidate expected to replace Lee at RSA as sale speculation mounts
Analysts say firm could seek to raise capital by selling international operations
PWC predicts steady 2014 London market outlook
PWC is predicting improved planned profitably in 2014 for some London market classes such as accident and health.
Bid to cut red tape set to enhance UK insurance market’s competitive position
Insurance Growth Action Plan aims to remove barriers for UK insurers overseas.
Industry plays down impact of St Jude and Xaver storms on full-year results
Losses expected to be ‘in tens of millions, not high hundreds of millions’.
Recent floods could cost the industry £100m
Claims arising from the coastal floods that hit parts of the UK last Friday could potentially reach £100m, according to PWC estimates.
International: Europe: Weathering the storm
In the wake of devastation caused by typhoon Haiyan in the Phillippines, what is the future for insurance in disaster-prone regions?
Government's growth plan tipped to boost takaful market
The government's insurance growth action plan could provide a much needed boost to the UK's commercial Islamic insurance market, according to PwC's Mohammad Khan.
Big data tipped to drive competitive differentiation
Over 90% of senior insurance executives believe big data will drive competitive differentiation in future.
Aviva’s attempt at asbestos exit fueled by increased long-term claims certainty
Firm’s plan to offload rumoured £1bn book linked to overall restructuring,
Europe: Driving up M&A activity
Following the spectacular rise in value of merger and acquisitions in the European insurance sector during the first half of the year, Edward Murray looks the drivers behind the increase in activity.
Accenture partner swaps tech role for PWC insurance position
PWC has recruited Michael Spiteri as a partner in the firm’s insurance consulting team.
Consultants welcome timeframe clarity from Omnibus II decision
Consultancy firms have welcomed the Omnibus II agreement reached by the European Union trilogue parties saying the deal will provide insurers with much-needed clarity.
Towers Watson research finds 70% of global insurers considering M&As
International insurers are regaining their appetite for mergers and acquisitions, according to a Towers Watson and Mergermarket survey of senior insurance M&A executives.
Expertise in Action: Broker: Preferential treatment
Few clients are interested in commission disclosure, however, the issue of preferential treatment for brokers that produce the most business for insurers could soon face regulatory scrutiny.
UK IFAs say increased insurance sector M&A likely
Results from a survey of more than 170 UK independent financial advisors show 87% of respondents consider more mergers and acquisitions in the insurance sector to 2018 are likely.
Michael Tripp joins Mazars as GI partner
Former Ecclesiastical chief executive Michael Tripp has set his sights on developing accountancy firm Mazars’ actuarial business as an alternative offering to Towers Watson.
Systemic risk: The burden of being big
What will the extra scrutiny that comes with being a global systemically important insurer mean for the nine firms given the designation?
UK GI business volumes up Q3 says PWC
General insurers saw business volumes and profitability rise in the past three months and expect strong growth in business volumes during the next quarter, according to the latest CBI/PWC Financial Services Survey.
GI business volumes rose in Q3 says PWC report
General insurers saw business volumes and profitability rise in the past three months and expect strong growth in business volumes during the next quarter, according to the latest CBI/PWC Financial Services Survey.
'Clear deadline' on Solvency II welcomed by consultants
The delay of Solvency II’s application date to 2016 has been welcomed by KPMG and PWC, citing the certainty the move will bring insurers, though doubts still remain over the new schedule.