The Budget
New Coverbox boss van der Merwe aims to beat telematics rivals on pricing
The new boss of telematics insurance provider Coverbox has outlined plans to better match premiums to its customers’ driving habits, insisting the current ‘pay-as-you-drive’ players are not making best use of the available technology.
Expert analysis: Relatively calm
Although competition remains fierce in the aggregator arena, the rush for volume has slowed as the motor market moves closer to break-even point, says Tom Cooper, Igo4.
Chancellor to change investment rules
The government is to set up an Insurers’ Infrastructure Investment Forum to try to look at changing insurance investment rules to use private funds to build major infrastructure projects.
Insurers hopeful on Autumn Statement
Insurers are more optimistic about future tax policy in the UK compared to a year ago; a PwC poll has revealed.
Market moves: All change at the trade bodies
With insurer moves slower than last week, this week has seen a number of changes among the trade bodies, with the Chartered Institute of Loss Adjusters, the |British Insurance Brokers’ Association and Federation of European Risk Management Associations…
Interview - Peter Winslow: Best at building
Backed by an armoury of well-known brands, BGL CEO Peter Winslow tells Lynn Rouse about pan-European aggregation, acquisitions and why there is plenty of life in meerkats yet.
Coalition government: State of the nation: one year on
Last week's overwhelming 'no' vote in the referendum on the UK's voting system has only served to deepen divisions and highlight political polar positions within government, but how does the insurance industry rate the coalition's first 12 months in…
Lloyd’s set to continue fight for CER relief post-Solvency II
Lloyd's has vowed to fight for tax relief on claims equalisation reserves to be retained beyond the implementation of Solvency II, after its premise was challenged in the Budget.
Government considers NI corporation tax devolution
The government has outlined potential plans to grant the Northern Ireland Executive the power to set its own rates for corporation tax.
Budget 2011: Reduction in regulation costs welcome
Speaking on the £350m of proposed business regulation cuts, Ash Saluja from law firm CMS Cameron McKenna, said: “Any reduction in regulation costs is welcome, but financial firms’ understanding of cutting red tape is a long way from Treasury proposals…
Budget 2011: Government CER plans “unclear”
Accountancy advisers Mazars has claimed that government proposals to maintain tax relief on Claims Equalisation Reserves “leaves more questions open than it answers”.
Budget 2011: CER tax relief maintained
The government has outlined plans to continue to provide tax relief on general insurance claims equalisation reserves until at least 2012.
Budget 2011: KPMG backs Osborne measures
Professional services firm KPMG has welcomed the new tax measures laid out in Chancellor George Osborne’s 2011 budget.
Budget 2011: Budget offers “dual route for growth”
Responding to today’s Budget, Maggie Craig, acting director general of the Association of British Insurers, said that it offers a dual route for growth – boosting long-term investment and securing a competitive UK tax regime.
Budget 2011: "good budget for UK general insurance”
PWC has commenting on the news that tax relief has not been withdrawn for insurers’ equalisation reserves.
Budget 2011: UK growth forecast cut to 1.7%
Chancellor George Osborne has cut the growth forecast for the UK in 2011 from 2.1% to 1.7%.
Budget 2011: Lord Young recommendations to be implemented in full
Announcing the 2011 Budget, UK Chancellor George Osborne said the recommendations in Lord Young’s report on health and safety would be implemented in full.
Budget 2011: Corporation tax cut by 2%
Chancellor George Osborne has announced that the government will cut corporation tax by 2% in April – up from the 1% cut previously announced.
Government called to cut business red tape
Software company MSM has called on the government to cut red tape for businesses as part of its budget announcement next week.
BGL: European aggregators on hitlist after French buy
BGL Group will look to buy more European aggregators if its purchase of Courtanet proves successful.
Treasury rejects ABI call for IPT concession
The Treasury has rejected a plea by the Association of British Insurers for a concessionary period when the implementation of the new insurance premium tax rate rises come into effect next year.