Category Archives: Insurance & Reinsurance
Report highlights insurer concerns over 3D printing technology
The insurance market’s concerns over the complexity of supply chain and product liability issues have been raised in a new report on 3D printing technology. The report from law firm … Continue reading
Aspirin effect equivalent to eradicating smoking says RMS
Financial modelling experts have confirmed the potential impact of daily Aspirin doses on life expectancy and said UK pension liabilities could rise by £100bn. Recent medical reports have confirmed the … Continue reading
Where does the buck stop?
By Jamie Marchant With the ink barely dry on the latest round of annual results from the leading insurers the usual bleating began from CEO’s about the parlous state of … Continue reading
Will motor insurance ever be profitable?
By Jamie Marchant Who’d be a private motor insurer? Following record price increases in 2011, the market still only returned a 106% combined ratio that year and although specialists and … Continue reading
Insurers paying fewer claims says BIBA
by Ralph Savage New research has accused insurers of becoming stricter on paying claims in the economic downturn. According to the British Insurance Brokers’ Association (BIBA), 90% of insurance brokers … Continue reading
Will 2013 be insurers’ year of austerity?
By Ralph Savage After a Channel 4 dressing down by Dispatches, the insurance industry’s relationship with UK motorists is likely to be a defining issue for 2013. The alleged role in … Continue reading
2012 Cat losses to reach $125bn says Swiss Re
Total insured losses from natural catastrophes and man-made disasters will reach approximately US$125 billion in 2012, according to Swiss Re’s latest preliminary estimates. The reinsurance giant reported today that natural … Continue reading
Commercial risks leaning towards liability and growth markets
Commercial insurance is a $600 bn business globally, the US accounts for 40% of it Liability insurance is gaining importance compared to property insurance in the rapidly changing mature economies … Continue reading
FSCS levy hike hides real issue for brokers
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
