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Global Insurance Trends 18.07.2017

Posted July 20, 2017 Category:

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.

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Global Insurance Trends 11.07.2017

Posted July 13, 2017 Category:

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.

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Global Insurance Trends 04.07.2017

Posted July 4, 2017 Category:

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.

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Global Insurance Trends 27.06.2017

Posted June 27, 2017 Category:

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.

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Global Insurance Trends 30.05.2017

Posted June 7, 2017 Category:

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.

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Global Insurance Trends 24.05.2017

Posted May 25, 2017 Category:

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.

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Global Insurance Trends 17.05.2017

Posted May 17, 2017 Category:

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.

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