This week, Lloyd’s announced an aggregated market loss of £2bn for 2017-the first loss for six years.
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Global Insurance Trends 20.03.2018
Posted March 20, 2018 Category: NewsThis week, Prudential headlined with its intention to demerge the UK & Europe business (M&G Prudential) from Prudential plc (Asia and US), and to sell a £12bn annuity portfolio to Rothesay Life.
Global Insurance Trends 21.11.2017
Posted November 21, 2017 Category: NewsThis week, Fitch Ratings said that the Financial Conduct Authority’s (FCA) review of the London Market could result in lower pricing and it becoming more competitive with smaller hubs across the world.
Global Insurance Trends 14.11.2017
Posted November 14, 2017 Category: NewsThis week, the Financial Conduct Authority (FCA) launched a market study to assess how competition is working in the wholesale insurance broker sector, and also released ‘FCA Mission–Our Future Approach to Consumers’.
Global Insurance Trends 07.11.2017
Posted November 7, 2017 Category: NewsThis week, the International Association of Insurance Supervisors (IAIS) held its annual conference in Kuala Lumpur. It announced a unified path to convergence of group capital standards in furtherance of its ultimate goal of a single Insurance Capital Standard, and also agreed a five-year agreement to enhance the actuarial skills of supervisory authorities.
Ghosts of Christmas Past, Present and Future
Posted November 1, 2017 Category: NewsThe investment landscape for 2018 is already looking intriguingly different to almost any year since the great financial crisis (GFC) nailed interest rates to the floor and introduced us to quantitative easing. Indeed, it could come to be seen as the real start of a post-GFC era.
Global Insurance Trends 31.10.2017
Posted October 31, 2017 Category: NewsThis week, the Prudential Regulatory Authority (PRA) published the first in a short series of consultation papers on reform to the implementation of Solvency II, starting with the Matching Adjustment.
Global Insurance Trends 24.10.2017
Posted October 24, 2017 Category: NewsTwo surveys by Wiraya revealed that the relationships between brands and consumers in the UK insurance market have deteriorated to the point of estrangement, with providers assuming claims are twice as inflated as customers actually admit.
Global Insurance Trends 17.10.2017
Posted October 17, 2017 Category: NewsThis week, it was announced that the insurance industry is joining forces with technology companies and governments in a World Economic Forum-led initiative to avoid catastrophic levels of uninsured risk in the innovation economy.
Global Insurance Trends 10.10.2017
Posted October 12, 2017 Category: NewsDouglas Shillito It was a significant week for InsurTech. Aviva is to acquire a majority stake in low cost “robo” investment service Wealthify, and Slice Labs announced a further $11.6m investment for its US on-demand insurance platform – investors include Munich Re, Sompo, and XL Group – the latter is also working with UK-based start-up […]
Global Insurance Trends 02.10.2017
Posted October 2, 2017 Category: NewsThis week, Lloyd’s posted reduced pre-tax profits for the first half (£1.22bn compared with £1.46bn) which does not include estimates for Hurricanes Harvey and Irma (present Lloyd’s loss estimate of £3.4bn).
Global Insurance Trends 26.09.2017
Posted September 26, 2017 Category: NewsThis week, prior to the UK Prime Minister’s Brexit speech in Florence on Friday, Aon, RSA, and Zurich were amongst 100 companies lobbying for up to a 3 year Brexit transitional period.