Legislation
Solvency II white paper addresses importance of operating efficiency
A white paper addressing the importance of operating efficiency in the build up to the revised regulatory requirements of Solvency II, has been published by DST Global Solutions.
Risk management software aids Solvency II compliance
Risk management software from IBM is being used to improve the management of operational risk and support the requirements of Solvency II at an employee benefits firm.
View from the top: The pace of change
Twenty years ago the world wide web was in its infancy. E-mail, if it was used in the insurance industry, was limited and contained within organisations. Letters and faxes dominated. We may have had second generation mobile phones but the first UK text…
Legal update - Medical advances: The cost of breakthroughs
Medical breakthroughs give new hope to people who have been paralysed or had amputations as a result of accidents, but will these advances add to the already burgeoning costs of personal injury? Tim Brentnall warns that legal implications could prove…
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.
Phase two of Jackson needed claims law firm
The government has "stuck to its guns" with primary legislation needed to introduce the core principles of Lord Justice Jackson's review into civil litigation costs.
ABI conference: Cable calls on insurers to lead corporate reform
Business Secretary Vince Cable today unveiled a three-pronged strategy to counter the UK culture of short-termism and bolster corporate governance, while ensuring the proper functioning of capital markets.
New directive on insurance intermediaries: a serious warning against excessive regulations from Brussels
The new Intermediaries Directive (IMD2), coming less than a decade after the implementation of IMDI, will re-shape the entire regulatory environment for insurance distribution in each of the 27 EU member states.
Post history - 30 years ago: Industry gets high-tech seatbelt tests
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
KPMG welcomes run-off sector concessions under Solvency II
KPMG has welcomed a revised draft of the Omnibus II Directive which includes specific transitional arrangements fro (re)insurance companies in run-off under Solvency II.
Axa enters joint venture in Algiers
Axa has signed two shareholders’ agreements in Algiers to set up two life and non-life insurance companies in partnership with the Banque Extérieure d’Algérie and the Fonds National d’Investissement (the Algerian National Investment Fund).
KPMG welcomes run-off sector concessions under Solvency II
KPMG has welcomed a revised draft of the Omnibus II Directive which includes specific transitional arrangements fro (re)insurance companies in run-off under Solvency II.
Axa enters joint venture in Algiers
Axa has signed two shareholders’ agreements in Algiers to set up two life and non-life insurance companies in partnership with the Banque Extérieure d’Algérie and the Fonds National d’Investissement (the Algerian National Investment Fund).
Italian disclosure regulation
New contract disclosure rules have been introduced in Italy late last year and as Paolo Golinucci explains this is having a knock on effect for brokers in the open market.
Professional indemnity – the growth market
Professional indemnity was worth almost €6bn across Europe in 2010 and with changes to Italian legislation and increasing negligence claims Alan Leach explains how this market is sure to expand.
Solvency II: Insurer head Barou warns of x-ray vision approach to funds
It is almost impossible to have an "x-ray vision" of how your mutual funds will perform when it comes to assessing embedded risks in the new Solvency II environment.
Solvency II - Post implementation: Capital consequences
In the second instalment of a two-part article, Steven McEwan examines what will happen if the all-important capital requirements under Solvency II are breached.
Germany leads way in Solvency II preparation
UK insurers are better prepared for the upcoming Solvency II regulation than firms based in France and Italy, according to new research.
Solvency II: Evaluating structured products 'difficult'
Structured products are the most difficult assets to evaluate, according to BNP Parabis Cardif's head of analysis, research and development, Jean Christophe Barou.
Solvency II: FSA: smaller firms must address all pillars of Solvency II
Small firms have been urged to make sure they address Pillars II and Pillars III of Solvency II.
Airmic 2011: Global insurance compliance is fastest-rising concern
The compliance of global insurance programmes is the fastest-rising concern amongst Airmic members, according to the result of the risk management association’s latest survey, ranking second only to reputational risk as their main worry.
Airmic 2011: Chartis opens multinational centre of excellence
Chartis has launched a multinational centre of excellence to provide clients and brokers with a focused source of expertise and delivery for global insurance programmes.
MOJ refuses to comply with FoI requests for Jackson info
Three Freedom of Information requests from the Access to Justice Action Group have been refused by the Ministry of Justice.
Europe: Cyber liability - Iberian peninsula
European firms are increasingly being targeted by cyber criminals but there is no ‘one size fits all’ solution to legislation to protect the customer. Paul Skinner examines what firms need to do to ensure they have adequate risk mitigation and loss…