UK aggregators to grab 50% of markets
04 April 2011
Aggregator websites will account for nearly half of all personal motor policies sold in the UK by 2014, according to a new report by Ernst & Young and the Chartered Insurance Institute…
International
Chartis reshuffles senior management team
04 April 2011
Chartis has replaced its global CEO and divided the business into two groups – consumer and commercial…
Disaster management a vital step
04 April 2011
Swiss Re experts say rising losses from natural and man-made catastrophes reinforce the need for preventative and post-disaster management to help “reduce human suffering”…
German insurers call for about-face on gender ruling
04 April 2011
The German insurance federation, GDV, wants the European Court of Justice’s decision to outlaw the use of gender as an underwriting determinant overturned…
Economic growth feeds catastrophe losses
04 April 2011
Allianz insurance researchers say a seven-fold increase in catastrophe losses since the 1970s is the result of increasing global economic growth and climate change…
Litigation reform a win for claimants
04 April 2011
The Association of British Insurers has welcomed a UK Government move to stamp out excessive legal costs, saying it will give genuine claimants a better deal…
Reinsurance: Bermudans battered by Australia/NZ claims
28 March 2011
Bermuda’s reinsurance market has taken a sizeable hit from the Queensland floods and Christchurch earthquake of 2011…
Japan’s earthquake and tsunami: snapshot
28 March 2011
The official death toll from the Japanese earthquake and tsunami on March 11 has now reached 10,000, but the number of missing people has been reported as 17,500…
Reinsurance: Munich Re staggers, Swiss Re bruised by Japan losses
28 March 2011
Munich Re has revealed it will not achieve its 2011 profit target as figures of the industry’s losses from the Japanese earthquake and tsunami begin to trickle through…
Japan earthquake and tsunami: Aon says impact still unknown
28 March 2011
Global broker and risk consultant Aon says there are “so many unknowns” following the Japan earthquake and tsunami, it’s hard to say what the impact will really be…
Thoresen says UK industry makeover needed
28 March 2011
Otto Thoresen, the Association of British Insurers’ incoming Director-General, says the insurance industry needs an image makeover…
UK brokers pay a high price for regulation
28 March 2011
The British Insurance Brokers’ Association says future regulations need to focus on the sector’s limited risk exposure while reducing costs to intermediaries…
ABI questions Solvency II test
28 March 2011
The impact of Solvency II on insurers is drawing a mixed response from the insurance industry and ratings agencies…
Japanese earthquake and tsunami: life insurers cover losses
28 March 2011
Japanese life insurers could be facing between ¥300 to ¥400 billion ($3.6 billion to $4.8 billon) of claims stemming from the March 11 earthquake and tsunami, according to ratings agency…
Reinsurance: Flagstone on ratings watch as cats bite
28 March 2011
Flagstone Reinsurance has been put on ratings watch by Moody’s after the release of its estimated losses from the Australian floods and February 22 Christchurch earthquake…
UK to implement uninsured driving enforcement scheme
28 March 2011
The UK has introduced a new motor insurance law to tackle uninsured driving in response to the nation’s motor insurance crisis…
Euler Hermes joins forces with China Pacific
28 March 2011
Trade credit insurer Euler Hermes and China Pacific Insurance Company have joined forces to offer cover on trade receivables for Chinese businesses…
Japan’s earthquake and tsunami: a snapshot
21 March 2011
The earthquake and tsunami hit a 2100 km of coast stretching from the island of Hokkaido in the north to Wakayama Prefecture south of Osaka…
Japan’s earthquake and tsunami: big reinsurers exposed
21 March 2011
Estimates for the insurance claims stemming from the Japanese earthquake and tsunami have varied wildly, with figures of up to $US100 billion ($101 billion) being quoted…
Japan’s earthquake and tsunami: global BI claims expected
21 March 2011
Marsh is warning of extended disruption to global business supply chains following Japan’s earthquake and tsunami…