Insurer
FCA publishes supervision plans for Insurance Linked Securities
The Financial Conduct Authority has outlined its proposed approach to the authorisation and supervision of Insurance Special Purpose Vehicles, which will facilitate Insurance Linked Securities business.
Munich Re eyes up Iran entry
Munich Re is considering plans to provide its insurance services to Iran following sanctions relief at the beginning of the year, according to Iranian news broadcaster Press TV.
Europe: Data analytics could relieve whiplash pains
The whiplash reforms intended to reduce fraudulent claims in the UK may cap or scrap cash compensation for minor injuries. What effect will this have for claimants and insurers? A European comparison can provide greater insight.
Robin Reames: An obituary - updated
Robin Reames, the former Swiftcover and Axa claims director, has passed away surrounded by his family at King’s Hospital, London.
Industry welcomes £23bn investment in innovation in Autumn Statement
Plans by the government to contribute £23bn toward tech innovation have been welcomed by insurtech firms.
London Market welcomes proposed ILS reform
The London Market has welcomed the publication by the government of draft regulations for Insurance-Linked Securities for consultation.
IPT set to rise in June, Chancellor confirms
Chancellor Philip Hammond confirmed the insurance premium tax will rise in June.
Generali to sell off €1bn of assets by 2018
Italy's biggest insurer Generali is looking to leave unattractive markets in a bid to generate €1bn, the firm announced ahead of an investor day meeting this morning.
Go Compare launches telephone blacklist to tackle fraud
Go Compare has launched a telephone blacklist to prevent fraudsters from reaching insurers via the aggregator’s website.
Brokers on government SME advisory panel
Insurance brokers have been given a seat on an advisory panel put together by The Cabinet Office under plans to boost government spending with SMEs.
Industry reacts to Autumn Statement
Live reactions from the industry
Tackling flood risk needs a collaborative effort, says Flood Re chairman
Insurers, environment agencies and government need to collaborate if they are to tackle the threat of flooding effectively, said Mark Hoban, chairman of the board of directors at Flood Re.
CEO Davies leaves Sompo Canopius
Stuart Davies is stepping down from his role as group CEO at global specialty (re)insurer Sompo Canopius with immediate effect.
Global tourism boom to spur purchasing of travel policies
Total travel insurance premiums are expected to grow 8.5% a year between 2016 and 2022 according to data from global firm Allied Market Research.
521 jobs at risk in Kwik-Fit Insurance office closure
Ageas is consulting with more than 500 staff over the planned closure of Kwik Fit Insurance in Uddingston, Scotland.
Gable policies will expire in a month, FCA warns
Policies with Gable will automatically be cancelled in less than a month’s time, the Financial Conduct Authority has warned.
FSCS declares Gable in default
Gable has been declared in default by the Financial Services Compensation Scheme.
Driverless cars could 'kill off' motor insurance, Ageas warns
Driverless cars could spell the end of motor insurance and force a transformation of the claims process, the CEO of Ageas has warned.
Updated: Solvency II has 'not been worth it', ex-PRA director admits
Solvency II has "not been worth it", the former insurance director at the Prudential Regulatory Authority has admitted.
AIG to move European HQ out of London following Brexit vote
AIG could move its European headquarters from London to an EU country, following the referendum result.
Trov partnership is a model for how to handle disruptors, says Blanc
Insurers should embrace 'disruptive' insurtech start-ups like Trov, said Amanda Blanc, Axa UK CEO.
Insurers pay out £56.7m in claims every day
Insurers paid out £56.7m to customers every day in 2015, according to figures from the Association of British Insurers.
Insurers call for data standards on driverless cars
Cars of the future will need to collect a basic set of core data to prevent drivers being unfairly blamed if technology goes wrong, the Association of British Insurers Annual Conference will hear today.
VIG sees 88.4% rise in Q3 profits
Vienna Insurance Group has seen an 88.4% rise in pre-tax profits in the third quarter of the year.