Insurance premium tax (IPT)
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.
Global compliance database gets go ahead
London market movers have put aside concerns over competitive advantages to build a jointly owned compliance database for global insurance programmes, providing details of regulations on a territory-by-territory basis.
Roundtable - Global programme: Building successful global programmes
Delivering tailored coverage around the world is a boon for multinational insurers. However, keeping up with regulatory demands, both internationally and locally, can be be a strain. Post gathered a group of experts to debate the most pressing issues.
Greek government issues second IPT penalty amnesty
The Greek parliament has passed a law that includes a further amnesty provision on penalties for insurance premium tax.
Airmic 2011: A guide to international compliance obligations
A guide to help members ensure their insurance programmes comply with international regulations and tax rules has been published by Airmic.
Large corporate risks - Global compliance: Could a central rules database help?
The global insurance compliance headache for large corporates operating in multiple jurisdictions is only intensifying. Veronica Cowan explores if and how a central rules database could help.
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…
HNW - rates: costs under control
The customer is currently winning in the mid and high net worth sectors, with rates only climbing slowly. David Sweeney looks at what the industry must do to price for profit and continue to provide great service.
Taxation - IPT changes: A taxing issue across Europe
2011 brings with it many changes to insurance premium tax across Europe and a big headache for insurers operating locally in different countries or across multiple European territories. Edward Murray explains why it is crucial for insurers to stay on top…
Post Europe: Dutch moves on IPT reflect European trend
While the legal requirement for insurers in Europe to have fiscal representation seems to be on the decline, Mike Stalley explains why the need for their presence could be great than ever.
Average comprehensive car insurance prices rise nearly 40% in a year
Results of the annual and fourth quarter 2010 Confused and EMB car insurance price index has shown that consumers are paying an average of nearly £200 more for comprehensive car insurance than at this time last year.
Biba sets out plan to reduce motor insurance costs
The British Insurance Brokers’ Association has called on the government to implement an eight point plan to reduce the spiralling cost of motor insurance.
Ecclesiastical offers VAT break to churches
Ecclesiastical has proposed increasing sums insured for all church buildings used for worship to reflect the new level of VAT without any charge.
Post Europe January: Exclusive major risk and IPT online content now live
Post Europe December is now live with a look at changes to the insurance premium tax rates across Europe, details of major losses in the Mediterranean regions last year and a review of how the Nordic region is dealing with corporate risks.
Post Europe: Insurance Premium Tax changes
2011 brings with it many changes to insurance premium tax across Europe and a big headache for insurers operating locally in different countries or across multiple European territories. Edward Murray explains why it is key for insurers to be on top of…
Insurance Premium Tax changes
2011 brings with it many changes to insurance premium tax across Europe and a big headache for insurers operating locally in different countries or across multiple European territories. Edward Murray explains why it is key for insurers to be on top of…
Travel IPT hits record levels
Peter Hayman, director at P J Hayman & Company, has called for the standardisation of tax across all forms of insurance in the wake of the rises in VAT and Insurance Premium Tax.
Health insurance - review of the year: Care crisis or opportunity?
The past 12 months have been tough for health insurance, with a record contraction in policy numbers. Amy Ellis examines recent market developments and asks whether 2011 will be brighter.
IPT an "under-exploited" revenue source claims tax expert
A sharp increase in the number of insurance premium tax rate rises announced this year proves that governments are focusing more on this tax as a way of repairing public finances, according to insurance tax compliance specialists Fiscal Reps.
EU retreat on insurance VAT exemption reform
The European Union has announced that it is unlikely to push forward with the reform and simplification of the VAT exemption on insurance and the wider financial services industry.
Travel insurance premiums start to rise - as predicted
Peter Hayman, director of travel insurance specialists P J Hayman, has commented on the announcement that Axa is to increase its insurance premiums.
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.
Liiba selects worldwide insurance tax calculation tool for brokers
The London and International Insurance Brokers’ Association is teaming up with a leading service company to help its members calculate tax payable on insurance policies around the world on a territory-by-territory basis.
Household - pricing pressures: Put your house in order
Household insurance is entering a make or break phase and brokers and insurers need to be disciplined, yet flexible, to remain competitive, says Craig Allen.