Insurance & Reinsurance

Will 2013 be insurers’ year of austerity?

By Ralph Savage After a Channel 4 dressing down by Dispatches, the insurance industry’s relationship with UK motorists is likely to be a defining issue for 2013. The alleged role in which some insurers themselves have […]

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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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Artificial Intelligence

Insurers must be held back in public data scramble

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

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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Insurance claims

Insurers slam delays in Riot Act payments

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 […]

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Insurance & Reinsurance

Killing the joy in killjoy

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. […]

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Global insurance trends

Majority of insurers planning Solvency II shift

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 […]

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Insurance & Reinsurance

UK motor insurers’ underwriting results rebound 14%

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 […]