Insurer
View from the top: Lessons from the East
Catastrophes in Japan showed the resilience and strength of the industry, says Andrew McKee.
Claimant's view: A crisis of your own making?
What does a compensation culture look like? Is it statistics that show road traffic accident claims rising year-on-year? It cannot be employers’ liability statistics, which are falling.
Expert analysis: Gender confusion
European Commission guidelines provide scant clarity on what is, and isn’t, deemed ‘new’, says Mathew Rutter.
Arab Spring: Life during wartime
Continuing civil unrest in the Middle East and North Africa presents a challenge to the property insurance market — especially concerning the limits placed by the war risks exclusion.
Capital adequacy: Alternative finance
With Solvency II just 12 months away, and 2011 an unprecedented catastrophe year, how difficult will it be for insurers to attract equity or secure alternative funding?
Employment: Hiring and firing
There are two sides to the recruitment story in the insurance industry — while some are reducing their headcount, others are looking to bring in fresh faces.
Post magazine – 19 January 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Thai cat fund given green light by regulator
The Office of Insurance Commision, Thailand’s insurance regulator, has passed a resolution to establish a 50bn baht (€1.2bn) catastrophe fund for floods, windstorms and earthquakes.
Axa report reveals mixed emotions for 2012 among SMEs
SME bosses across the UK are approaching 2012 with mixed outlooks concerning turnover, profitability and recruitment plans, according to a report published by Axa Commercial Lines.
Air bag DNA foils insurance scam
Former police detectives working for Hastings Direct have helped secure the six month conviction of a 41 year old teacher for insurance fraud.
Consultation poses questions over premium liability
A Law Commission review of the rules governing who is liable for the payment of premium to insurers could change the current dynamic between insurers and insurance brokers, according to a law firm.
Hannover Re could face €10m Costa Concordia claim
Hannover Re expects a damage claim of at least €10m from the Costa Concordia wreck, according to reports.
Markerstudy on good terms with Endsleigh despite settlement
Markerstudy continues to have an “amicable and professional relationship” with Endsleigh following a multi-million pound out of court settlement between the two firms, according to Markerstudy underwriting director Gary Humphreys.
Prime grows Leeds office
Prime Professions, has appointed Michael Eardley, a new associate director in the Leeds office.
Government cat fund for Thailand
A £1bn Thai catastrophe fund is to be set up by the local government to provide cover for households, small to medium sized enterprises and industrial factories against floods, wind storms and earthquakes.
RBSI “regret” findings of FSA investigation
In a statement issued in response to the news that the Financial Services Authority has fined the company £2.17m, RBS Insurance said that it was “disappointed” that it did not meet FSA standards.
Direct Line and Churchill hit with £2.17m FSA fine
The Financial Services Authority has imposed a £2.17m fine for failure by RBS owned Direct Line and Churchill to conduct their businesses with “due skill, care and diligence”.
Fraud unit makes further arrests
The insurance fraud police unit has made a further five arrests - less than a month since its launch.
Solvency II capital proposals bad for captives, says Fitch
The latest QIS5 Solvency II regulatory capital proposals could significantly increase the capital and compliance burden of the European captive market, according to a report by ratings agency Fitch.
Mapfre, Generali and CCR downgraded following sovereigns
A raft of European insurers including Italy-based Generali and Spanish insurer Mapfre were downgraded by Standard and Poor’s yesterday.
Comment: Compensation culture - myth or reality?
Is the compensations culture a myth or reality? Tom Jones offers his personal opinion on this controversial topic.
Chartis re-jig creates three world regions
Chartis is splitting itself into three major geographic areas: the Americas; Asia; plus Europe, Middle East and Africa.
Industry needs to become more “active” or face further regulation
Speaking at a meeting of the All Party Parliamentary Group on Insurance and Financial Services, Jack Straw, said that insurers have to be more active in reforming the private motor market.
Companies still battling for "highly effective" ERM
Corporate leaders still have a long way to go to create an effective, risk-aware culture in their companies, according to research sponsored by Zurich.