The PwC/CBI quarterly survey reported a mixed picture for the UK insurance market. The regular Willis Towers Watson/confused.com survey of UK motor insurance premiums indicated an average rise of 18.5% for the second quarter, and a SAS survey looked at UK consumers attitude to their forthcoming new data rights over insurance companies.
Andrew Bailey, chief executive of the Financial Conduct Authority (FCA) gave a positive speech on free trade prospects post-Brexit. The Prudential Regulatory Authority (PRA) warned insurers regarding assessment of cyber risks following a consultation. EIOPA published an “Opinion on the Harmonisation of the Recovery and Resolution Framework for (Re)Insurers” across the EU, and also launched a consultation paper on its first set of advice to the European Commission on the Solvency II review.
Insurers’ long, weary quest to find yield shows no signs of abating, according to the audience survey results from the recent Insurance Investment Exchange seminar on 13th June 2017.
This week, the Association of British Insurers(ABI) published sponsored research highlighting the UK as the leading global insurance exporter, adding more than £40bn pa to the economy.
This week, a thin Queen’s Speech included proposed measures regarding rising motor insurance premiums, but no reference to the Ogden rate-The Association of British Insurers (ABI) and the Lloyd’s Market Association (LMA) were amongst others that commented.
The UK woke up on Friday morning to the reality of a hung parliament.
Hear from the Bank of England at the Insurance Investment Exchange seminar on 13th June – last chance to registerPosted June 7, 2017 Category: News
The latest Insurance Investment Exchange half-day seminar on Tuesday 13th June will provide a rare opportunity to hear from a leading Bank of England official…
This week, the CFSI/PwC latest Banana Skins report revealed that change management, cyber risk, and technology head global insurance challenges.
This week, IBM’s The Weather Company reported that the North Atlantic hurricane season could be more active than originally thought, whilst PERILS’ latest loss estimate from European windstorm Thomas was €249m.
This week saw the publication of IFRS 17 by the International Accounting Standards Board (IASB), resulting in a range of views from trade associations, rating agencies, and Willis Towers Watson who saw it as a major challenge for insurers and investors.
This week, a London Market Group (LMG) update report indicated that the London Market had a reducing market share of reinsurance and in emerging countries in 2015, and is behind on diversity.
This week saw a wide range of first quarter results and trading updates.