Insurance & Reinsurance

Scale of EU insurance-related legislation revealed

An analysis of how EU legislation impacts on the insurance and long term savings industry has been published today by the Association of British Insurers. The in-depth ‘mapping exercise’ identifies around 80 pieces of EU […]

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Insurance Regulation

Insurers liable for millions in VAT on internal services

Banks, insurers and other financial services firms across Europe face extra VAT costs running into £100 millions in the UK alone, following an ECJ judgment today. The ruling means services supplied between a group’s headquarters […]

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Insurance Brokers

BIBA calls time on rising regulatory fees

The British Insurance Brokers’ Association (BIBA) warned MPs and Lords today that its members’ cost of doing business had risen far beyond rival countries and must be brought under control. BIBA unveiled initial findings of its regulation research today, declaring that insurance brokers in the UK have the most expensive regulatory regime in the world, with regulatory fees and levies costing more than five times those in New York, Japan, France and Germany. […]

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Insurance Regulation

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

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

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 […]