Insurance companies have been urged to do more to educate their boards about Solvency II after KPMG research found that only one in five boards have received more than 15 hours training on the new European rules.
More than half of European companies feel underprepared to deal with the threat of terrorism and political violence, according to research published yesterday by Ace European Group.
A £300m support scheme for people who develop mesothelioma after being exposed to asbestos at work but are unable to claim compensation because they cannot trace a liable employer or insurer has been announced by the Department for Work and Pensions.
Plans to tackle short-termism in UK equity markets by creating an environment based on long-term trust are a step in the right direction, according to the National Association of Pension Funds.
Low interest rates, higher hedging costs, lower business volumes and the impact of Solvency II will combine to hit insurers hard both this year and next, Ernst & Young said yesterday.
Householders are being denied flood insurance cover or quoted hugely inflated prices because of delays by the government and insurers in reaching a new deal on affordable cover, the Local Government Association said today.
Car insurance prices fell by 7.1% over the 12 months to the end of June as a result of high competition between insurance providers, according to research published by Towers Watson and Confused.com.
A significant proportion of insurance companies are yet to engage with their asset managers about how Solvency II will impact on their business and could end up out of pocket as a result, Ernst & Young said this week.
