Latest news on insurtech, insurance, reinsurance, uk industry insights and opinions, latest Lloyd’s and London market reports, stats and more for brokers, MGAs, insurers and suppliers.
Global property insurance rates continued to firm in the first quarter of 2012, according to a report published today by Marsh. Despite the absence of major natural [...]
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 [...]
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 [...]
THE HEAD OF one of the UK's largest police forces has invited insurers to help and invest in combating fraud and other criminal activity. In a speech to the Insurance Institute of Manchester, Peter Fahy, chief constable of Greater Manchester Police indicated his support for the idea of law enforcement working more closely with the private sector and 'outsourcing' certain services. "We've got to save £138m from our budget," said Mr Fahy. "We are saving insurance industry money [through our investigations of crash for cash, fraud etc] is there no way we can't work together more?" [...]
INSURERS UNABLE TO offer cover because of age restrictions will have to direct the applicant towards an appropriate provider, according to new rules announced today. In a [...]
THE UK CHANCELLOR of the Exchequer George Osborne will deliver his spring budget on 21st March and Francesca Lagerberg, Head of Tax at business and financial adviser Grant [...]
Lloyd’s has issued a further reminder to members that it will punish those who ignore the risks posed by the UK Bribery Act 2010. According to law firm CMS Cameron [...]
Elizabeth Stephens, Head of Credit and Political Risk Analysis for insurance broking group JLT, explores what the fractious political atmosphere holds in store for Russia [...]