News, reports and opinion from the UK and Global insurance marketplaces
The UK non-life insurance market is facing a range of significant challenges which will make 2012-2013 ‘difficult’ for companies, according to Standard & Poors ratings services. In its latest report … Continue reading
The Association of British Insurers has released a statement, calling on the Government to commit to a joint solution to ensure long term affordable flood insurance for high-risk households. The … Continue reading
The recent announcement by the FSA that it was to consult the market on proposed changes to the way the FSCS levy is administered has caused plenty of gnashing of … Continue reading
If I was a broker, I wouldn’t be celebrating just yet – these conflicting statements do little more than make it clear that anything could come out of this review. The market is not out of the woods yet so I’d advise brokers to put away the party hats for now.
Insurance broker fears they may be caught by draconian regulations were eased today, after a European Commissioner suggested they could be set for reprieve.
Following the decision today by Standard & Poor’s to downgrade the security rating of Groupama Group, François-Xavier Boisseau, CEO at Groupama Insurances in the UK said: “Although as a Groupama … Continue reading
Insurers are preparing for the introduction of Solvency II by changing their approach to calculating capital adequacy requirements, according to a report out today. Conducted by the Economist Intelligence Unit, … Continue reading
The British Insurance Brokers’ Association (BIBA) is warning brokers that the revision of the Insurance Mediation Directive (IMD) could result in both mandatory disclosure of commission for the insurance industry … Continue reading