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 […]
Insurers reacted quickly to help customers hit by last August’s riots, but the riot compensation scheme failed too many Londoners the ABI (Association of British Insurers) said today at the London Assembly. With latest figures […]
If I was a broker, I wouldn’t be celebrating just yet – these conflicting statements do little more than make it clear that anything could come out of this review. The market is not out of the woods yet so I’d advise brokers to put away the party hats for now. […]
Insurers are preparing for the introduction of Solvency II by changing their approach to calculating capital adequacy requirements, according to a report out today. Conducted by the Economist Intelligence Unit, the latest edition of the […]
A 10% rise in gross written premiums failed to put UK motor insurers in the black during 2011, according to Deloitte. The market experienced “greatly improved financial results in 2011 but need to do more […]
Sir Tim Berners-Lee has urged insurers to avoid the temptation of using increasing amounts of publicly available data about consumers on the web to price their products.
The inventor of the World Wide Web made a plea to the industry at the British Insurance Brokers’s Association conference in Manchester yesterday, requesting that information we share about ourselves on line – particularly by young people through social networks – should not be gathered for the purposes of pricing risk. […]
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. […]
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