Politics
Insurers ‘missed chance’ to influence insurance rules over drones
Insurers are sleepwalking into legislation over drones that they have had no role in shaping, it has been warned.
Pool Re: The changing face of terrorism
The number of terrorist incidents on UK soil has dropped since Pool Re was set up, with Irish republican paramilitary attacks giving way to less frequent strikes by radical Islamic terrorists, however, the threat to the country remains as severe
Blog: Ogden predicted a nasty surprise way back in 1984
The late Sir Michael Ogden might be chuckling somewhere at the recent discount rate events.
30 claims handler jobs at risk at Direct Line
Direct Line Group has placed 30 claims handler jobs under review.
ABI's James Dalton on sorting out the discount rate mess
I am living the discount rate at the moment. I have lost count of the number of meetings I have attended, legal opinions I have read and conversations with insurance company CEOs I have had on this complex issue.
UK regulators must actively support market on Brexit: Aubert
The UK's regulators need to actively promote London as a key insurance market, the chairman of the London Market Group has said.
Blog: Vnuk opens fraud front
The Vnuk ruling has raised the prospect of a much wider compulsory insurance regime being introduced in the UK, requiring vehicles such as golf buggies, quad bikes and farm vehicles to be insured, even when used exclusively on private land. The…
Government must 'fight fire with fire' over Brexit business
The UK government needs to "fight fire with fire" when it comes to keeping business within the City of London during Brexit negotiations.
LMG seeks new EU cross-border deal for market
The London Market Group has called for a new trade deal between the UK and the European Union that will allow insurers to operate across borders.
ABI blasts government over 'extraordinary' discount rate costs to NHS
The government has set aside £5.9bn to “protect the NHS” from changes to the Ogden discount rate, the Chancellor confirmed today in his speech on the Spring Budget.
Chancellor’s budget of ‘little comfort’ to insurers
Chancellor Philip Hammond's Spring budget is of "little comfort" to insurers due to recent insurance premium tax hikes, trade bodies say.
'Unknown impact' of discount rate cut to hit later in the year
Direct Line expects the "unknown impact" of the government's decision to cut the Ogden Discount rate to be felt later in the year when reinsurance costs are renegotiated.
Coalition of insurance groups urges government to scrap planned IPT rise
A coalition of trade bodies and charity groups has urged the government to scrap any planned rise to the insurance premium tax ahead of tomorrow’s budget.
Direct Line profit falls 30% in wake of Ogden rate cut
Direct Line has seen full year pre-tax profits fall by 30% owing to a hit from the discount rate reduction.
Axis to take £41m Ogden rate hit
Specialty insurer and reinsurer Axis Capital will take a £41m hit from the reduction in the Ogden discount rate.
Apprenticeships: A radical overhaul
The radical overhaul by the government of the apprenticeship scheme - with the core aim of creating three million new apprentices by 2020 - is set to have a major impact on recruitment and training in the insurance industry, potentially reaching far…
March 2017 Post: Census and CII CEO
My one-year-old just started toddling. She was so proud after pushing her walker to the other side of the room that she applauded herself. As a result, she lost her balance and landed on her bum.
Strong insurance competition in Australia, says broker association
Australia's National Insurance Brokers' Association has responded to an Australian parliamentary inquiry into general insurance.
Insurers call on Chancellor to set new discount rate within a year
Industry leaders urged the Chancellor yesterday to set a new discount rate within the year, director general of the Association off British Insurers Huw Evans said.
Government to 'urgently' consult on discount rate cut after insurer CEO meeting
The government has said that it will “progress urgently” a consultation on the Ogden discount rate and “carefully consider” all the evidence submitted following today’s meeting between insurers and the Treasury.
Aviva takes £385m hit from discount rate cut
Aviva expects to take an exceptional charge to its 2016 profit after tax of approximately £385m as a result of the decision to cut the discount rate.
15 top insurance CEOs to meet Chancellor today over discount rate cut
The CEOs of 15 of the UK’s biggest motor and commercial liability insurers will today meet Chancellor Philip Hammond to urge an intervention on the government's decision to slash the Ogden discount rate.
Brokers believe further IPT increases will stop consumers buying insurance
Nine out of 10 brokers anticipate that households and businesses will dramatically scale back their insurance if insurance premium tax increases in the forthcoming Budget.
Government opens consultation on Insurance Distribution Directive
The government has opened a consultation on the transposition of the insurance distribution directive.