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People & Social News
Risk & ERM
Brokers 'better off' in EU, says BIBA
The British Insurance Brokers Association (BIBA) believes the sector would be better off remaining in the EU.
20th June 2016
Flood Re's take-up doubles since launch
The number of insurance firms who have signed up to Flood Re has more than doubled since going out live on 4 April this year.
16th June 2016
ABI urges UK government to 'take the politics out' of funding flood protection
The only option to protect homes and businesses from the threat of flooding is to remove the government's political agenda from funding defences, according to the property policy adviser at the Association of British Insurers (ABI).
10th June 2016
Insurers receive more than 15,000 claims for winter floods damage
Floods caused by a series of storms last winter have generated more than 15,000 insurance claims for homes and businesses, the Association of British Insurers (ABI) has said.
25th May 2016
Japan suffers low insurance protection despite frequent earthquakes
The earthquake insurance penetration level remains fairly low in Japan despite its frequency for such disasters, according to Impact Forecasting, Aon Benfields catastrophe model development team.
9th May 2016
General insurers 'resilient' to market-wide scenarios, PRA says
General insurance firms are resilient against events that affect the market, according to a stress test conducted by the Prudential Regulation Authority (PRA).
26th April 2016
Global reinsurance capital reduces by 2% in 2015
Total global reinsurance capital stood at $565bn (£399bn) at 31 December 2015, down by 2% from 2014, as estimated by Aon Benfield.
6th April 2016
Flood Re receives regulatory approval
Reinsurance scheme Flood Re has been authorised to operate by the Prudential Regulatory Authority and the Financial Conduct Authority with effect from today.
1st April 2016
Solvency II: PRA warns firms against using reinsurance to ease capital demands
Life insurers should not transfer longevity risk to reinsurers in an attempt to lower capital requirements under Solvency II, according to the Prudential Regulation Authority (PRA).
18th February 2016
Flood Re releases first transition plan
Reinsurance scheme Flood Re has unveiled its first plan detailing how it will work with partners to enable lower prices and excesses to be offered to consumers by the time it comes to an end in 2039.
12th February 2016