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Home2012

Year: 2012

Global insurance trends

2012 Cat losses to reach $125bn says Swiss Re

19 December 2012 alastair walker 0

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 catastrophes alone caused the loss […]

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Insurance Regulation

S&P predicts challenging 2013 for UK non-life market

28 November 2012 alastair walker 2

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 on the market, S&P highlights […]

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Household Insurance

ABI repeats flood challenge to UK Government

26 November 2012 alastair walker 2

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 ABI described the current state […]

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Motor Insurance

CII reacts to BBC’s ‘unfair underwriting’ taunt

20 November 2012 alastair walker 0

Young Chartered Insurance Institute (CII) members are pushing for a thorough analysis of the effect of speed awareness courses on driver safety and how they should influence the premiums insurance companies charge motorists. The recommendation […]

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Global insurance trends

Commercial risks leaning towards liability and growth markets

17 October 2012 alastair walker 0

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 Contingent business interruption risk is […]

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Insurance & Reinsurance

FSCS levy hike hides real issue for brokers

22 August 2012 alastair walker 0

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 teeth among the general insurance […]

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Artificial Intelligence

Insurers must be held back in public data scramble

16 August 2012 alastair walker 1

There must be limits to the way our publicly available data is accessed and used by private organisations such as insurance companies. I am as enthused about social media as anyone, but a free for all backed by the resources of a £20bn industry cannot be enabled without a substantial ethical debate. […]

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Global insurance trends

JLT warns investors over Jordan/Syria axis

2 August 2012 alastair walker 0

King Abdullah of Jordan is entering a critical period for his regime, claims Elizabeth Stephens, Head of Credit and Political Risk Analysis for global insurance broker JLT. The conflict between government forces and the Free […]

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