The Association of British Insurers has called for an overhaul in the law that provides for compensation to be paid to the victims of riots. In its review of the financial costs of last August’s […]
The Lloyd’s insurance market’s planned expansion into emerging markets is a net positive, even though writing insurance outside of established markets carries additional risks, according to Fitch Ratings.
Fitch said it expects the economic development of emerging market economies to boost demand for insurance and reinsurance. Lloyd’s already writes 25% of its business outside of Europe and North America, with the growth of insurance premiums outpacing that of developed markets. […]
When Andrew Marr told delegates at the British Insurance Brokers’ Association 2012 conference that insurers have historically been mistrusted around Westminster, I wondered if he might be about to quote former PM Harold Macmillan by adding; ‘but you’ve never had it so good’.
The BBC political commentator opened his speech to a packed Manchester Central Auditorium with the suggestion that general insurers might have been unfairly lumped in with the life insurance market in gaining this poor reputation amongst the political class. […]
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 by 2019, and the potential […]
The CBI has argued that proposals to enable group actions against companies will damage business in the UK. Responding to the launch of a Department for Business, Innovation and Skills consultation on private actions in competition […]
Risk managers in financial institutions across Europe, the Middle East and Africa (EMEA) are seizing the opportunity created by the financial crisis to demonstrate how they create value and are rapidly gaining new-found kudos in […]
The number of microinsurance schemes worldwide has increased substantially over the past five years and now reaches an estimated 500 million worldwide, according to the Microinsurance Innovation Facility of the International Labour Organization and the […]
Global broking group Marsh said its affordable flood insurance plan has “critical mass”, despite pessimism from one commentator today.
Marsh and its sister company Guy Carpenter announced ‘Project Noah’ which they claim can secure affordable flood insurance for at risk properties in the UK, only to have the idea chastised following a tweet from an Insurance Edge reader.
Is “Project Noah” the solution to the UK’s flood insurance crisis? businessmediaroundup.com/2012/04/03/mar… via @RalphSavage […]
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