UK insurers increased their monitoring of reinsurers in 2003, showing that risk management practices are improving, an FSA survey found.
Coinciding with a spate of reinsurer downgrades, the survey looked at the risk management practices of 39 firms in the UK company market between January and May 2003.
The survey, which included 19 non-life insurers, was a follow-up to the FSA's 'arrow' risk assessment visits in 2002.
The survey found that the quality and timeliness of risk information being reported to boards has increased.
But the FSA is concerned that risk management systems are being developed primarily to meet its requirements, rather than to deliver effective risk management.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
