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Risk & ERM
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.
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.
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.
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.
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