Politics
ABI hits out at ‘crazy’ discount rate decision, claiming it could affect 36 million motorists
The Association of British Insurers has warned that cutting the discount rate so severely was a “crazy decision” that will affect millions of motorists.
Direct Line hit by £230m profit blow from discount rate cut
Direct Line will see a blow to profits of up to £230m from the discount rate cut, the company said.
Admiral sees profit hit of up to £100m from discount rate cut
The discount rate cut will add between £140m to £175m to Admiral’s claims settlement bill, the insurer said.
Flood Re: One year on – how effective and successful is the scheme?
Post looks at Flood Re as it approaches its anniversary
Blog: Usage-based insurance, an untapped opportunity
The growing usage-based insurance market is an opportunity for insurers, but there are some barriers yet to overcome.
PI firms will have 'no other choice but to close' following whiplash reform
More jobs could be lost as a result of the government's whiplash reforms than were lost in the South Wales steel industry last year, Access to Justice told Post.
Discount rate change could cost motor insurers £4.9bn
Motor insurers and reinsurers could face reserve charges of £4.9bn as a result of changes to the Ogden discount rate.
Catastrophe bonds: A good year for disaster
Catastrophe bonds were invented in the early 1990s to help insurance companies mitigate the risk of major disasters. With storms brewing both politically and environmentally, can the catastrophe bond market open new doors to insurers in 2017?
Nexus Group's Colin Thompson on the evolution of MGAs
With more than 300 UK-based managing general agents underwriting roughly £5bn - circa 10% of the UK general insurance market - the MGA is already firmly established within the London market providing a key access point to local markets and the ability to…
Motor premiums will ‘inevitably’ rise owing to discount rate changes
Motor premiums will “inevitably” rise again owing to potential changes to the discount rate, insurers have warned.
Brexit whitepaper confirms UK will negotiate for financial free trade
The government’s Brexit whitepaper has reaffirmed Theresa May’s promise to negotiate the freest possible trade in financial services between the UK and the European Union.
Public bodies forced to self-insure due to government cost cutting
The government is pushing public bodies to dramatically cut their commercial insurance costs, a Post investigation can reveal.
Post Power List 2017: Therese Coffey
Flood Minister and MP for Suffolk Coastal, UK government
Post Power List 2017: Donald Trump
President, US
Post Power List 2017: Elizabeth Truss
MP for South West Norfolk, and Lord Chancellor and Secretary of State for Justice
Post Power List 2017: Michel Barnier
Chief Brexit negotiator at the European Commission
Post Power List 2017: Theresa May
Prime Minister and leader of the Conservative Party
Editor's comment: The concept of power
Another year and another Power List from your team at Post.
Government apprenticeship reforms carry 'spectre of unintended consequences' says CII
The Chartered Insurance Institute said it is concerned over the “spectre of unintended consequences” following the implementation of the government’s planned apprenticeship levy.
This week: Decisions, scorecards and a viable alternative
After a slow start to 2017 I suddenly had lots of decisions to make this week about holidays, extracurricular activites and building plans (for my extension).
Discount rate review delayed despite court refusing ABI's appeal
The Association of British Insurers’ appeal to the High Court over the discount rate review has been refused.
Government publishes bill to trigger Article 50
The government’s bill to trigger Article 50 and exit the European Union has been published today with a Parliamentary debate scheduled to take place on Tuesday of next week.
Treasury Committee on Solvency II post-Brexit hears evidence from ABI and Lloyd's
Industry leaders gave oral evidence on Wednesday to a Treasury Committee on Solvency II post-Brexit.
Paris experiments with driverless buses
Paris began a three-month test of two driverless buses yesterday, in what is the first stage of the city's embrace of self-driving vehicles.