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People & Social News
MPs to consider changes to Solvency II following Brexit
The Treasury Select Committee has launched an inquiry into Solvency II, a harmonised EU-wide insurance regulatory scheme, following the UKs decision to leave the EU.
Tuesday 13th September 2016
Low coverage from Italy earthquake protects insurers from heavy losses
Insured losses caused by an earthquake in Italy last month will be low, owing to very limited insurance penetration, according to Impact Forecasting, Aon Benfields catastrophe model development team.
Friday 9th September 2016
PPO volume remains low, study suggests
The number of periodic payment orders (PPOs) granted by UK courts in 2015 remains low, according to Aon Benfield.
Friday 19th August 2016
Reinsurance market softening slows down
Market softening in reinsurance is continuing to slow down during the June/July renewal season due to a lack of catastrophe losses, with price reductions also slowing, according to Willis Re.
Tuesday 5th July 2016
Insurers 'geared up' for heavy rain in London and South East
Insurance companies are prepared to help customers in dealing with thunderstorms and heavy rain that took place overnight into this morning, causing flooding in parts of South East England.
Thursday 23rd June 2016
Low-yield environment likely to persist, warns EIOPA
Firms are likely to experience an ongoing, extremely challenging environment because of low yields, the European Insurance and Occupational Pensions Authority (EIOPA) has said.
Wednesday 22nd June 2016
Brokers 'better off' in EU, says BIBA
The British Insurance Brokers Association (BIBA) believes the sector would be better off remaining in the EU.
Monday 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.
Thursday 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).
Friday 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.
Wednesday 25th May 2016