Politics
Fitch Ratings gives referral fee ban its seal of approval
Fitch Ratings has approved measures to ban UK motor insurers from receiving any type of referral fees, saying represents a more meaningful step towards combating the rise in fraudulent claims.
Medical and legal professions bite back at report response
Medical and legal experts have hit back at industry criticism following the Transport Select Committee’s cost of motor insurance report, claiming that comments made in the aftermath of the report question the “integrity” of doctors.
WHO expert calls for cashless insurance system for Indian healthcare
Indian health insurance should cover more than it currently does according to experts at a recent one-day national consultation on the state of the market.
ABI “baffled” by call for transparency of referral fees
Responding to the Transport Committee report on the cost of motor insurance, the Association of British Insurers said referral fees should be banned altogether.
Biba “keen to engage” with cross departmental ministerial committee
Responding to the Transport Committee cost of motor insurance follow up, the British Insurance Brokers’ Association, welcomed the establishment of a cross departmental ministerial committee.
Biba 2012 manifesto focuses on broker regulation and supporting growth
The British Insurance Brokers’ Association has launched its 2012 manifesto outlining its priority lobbying issues for the year ahead.
Mass “cautiously” welcomes transport committee report
The Motor Accident Solicitors Society said it cautiously welcomes the Transport Select Committee’s follow-up report on the cost of motor insurance published today, but warned that there is still a long way to go in “dispelling the myths” about whiplash…
Philippines non-life market expected to consolidate in wake of new capital requirements
The local Philippine's insurance representative body has noted that some local non-life insurers may have challenges meeting the government's new paid up capital requirements.
Industry responds to cost of motor insurance follow up report
The industry has delivered mixed responses to the Transport Committee's follow up to the cost of motor insurance report.
Further committee recommended in cost of motor insurance follow up report
MPs have called on the government to establish a cross-departmental ministerial committee on reducing the cost of motor insurance and publish a plan to address each aspect of the problem.
EC gender directive guidelines a ‘disappointment’
The European Commission’s guidelines for applying the soon-to-be-implemented gender directive have added clarity but have been labelled a “disappointment”.
Breast implant scare could leave insurers facing multi-million-pound-bill
A £400m bill could land at the door of clinics and their insurers in the fallout of the banning of Poly Implant Prothese breast implants.
Insurers welcome compensation reform as legal firms blast government policy
Major UK insurers have responded to David Cameron’s vow to “kill off” the UK compensation culture by welcoming a reduction of health and safety red tape, while demanding safeguards to maintain safe workplaces.
Insurers must not lose sight of long term challenges
Speaking as part of the Insurance Institute of London Lecture programme, Mark Hoban, MP, financial secretary to the treasury, said that there is “no place for complacency” in the insurance sector.
PM health and safety war does not go far enough, says Garwyn CEO
Liability loss adjuster Garwyn has stated Prime Minister David Cameron’s attack on health and safety does not tackle the compensation culture.
China medical insurance coverage reaches 97% in rural areas
Basic medical insurance coverage in China's rural areas reached 97% in 2011, outstripping urban areas, according to health minister Chen Zhu.
Post blog: The year reform hit the road
The reform of the personal injury system may not be as significant as the major events of 2011, such as the Arab Spring, Eurozone crisis or death of Osama bin Laden, it will have a dramatic impact on all those involved in the system.
Apil president raises 'grave concerns' following PM's promise
The president of the Association of Personal Injury Lawyers fears that David Cameron’s vow to clamp down on the perceived UK compensation culture could leave workers exposed to unnecessary risk of injury.
Cameron to ‘kill off’ health and safety culture
Prime Minister David Cameron’s New Year’s resolution is “to kill off the health and safety culture for good”.
Malaysian M&A activity to continue in 2012
The high volume of merger and acquisition activities in the Malaysia financial services sectors is expected to continue in 2012, particularly in the area of insurance, a Pricewaterhouse Coopers official has said.
View from the top: 2012 — the start of the future?
Plans for the year ahead need to address the fundamentals of the industry, says Stephen Lewis.
Unified response called for as metal theft cases see substantial increase
Insurers are demanding a unified fight for changes to scrap metal sales to cut a spate of thefts, thought by the police to be worth more than £800m — but insurers argue consequential costs could run much higher.
Editor's comment: Time for a scrap over metal
As an avid music lover, the year end is always a good time to catch up with the inevitable flurry of ‘best of’ lists to make sure that I have not missed out on any gems.
North of the border: An update on costs
The Taylor review seeks views on a wide range of topics affecting Scotland, says Caroline Cassidy.