Brexit
Davies looking to expand international footprint into Europe
’Europe is the key on the spot market that we need to be in,’ says chairman
The Big Question April 2023: How can the insurance industry help improve current motor repair network models?
Repairers are key to the success of settling motor claims, but the sector continues to face significant challenges. Insurance Times asks industry leaders where firms can help
Briefing: Cost of living crisis warrants consumer cover rethink
The extended warranty sector is seeing a ‘renaissance’ as costs rise sharply
Supply chain risk demands businesses’ full attention – Chubb
‘Robust risk management and business resilience strategies are critical to future-proofing supply chains,’ says co-author
Technology and data pose fresh challenges for insurance sector’s trust issues
’What might be good for business, will be devastating for trust’, says report author
‘Insurers will have to rely on brokers’ if post-Brexit tax changes come to fruition
Brokers could see changes to their admin workload and trading operations as a result of Brexit
Gerry Ross: Commercial motor sector still going through the gears in face of ‘systemic’ challenges
Historic data for pricing is ’no longer applicable’, says Allianz head of motor
Successor has ‘urgent task’ on hands as prime minister Liz Truss resigns
Truss will remain at the helm until a successor is chosen, with a leadership election to be completed within the next week
Insurance industry welcomes Liz Truss as new prime minister
The ‘back to the future’ proposal of merging the FCA, PRA and PSR is still a possibility, says global head of financial regulation
Labour shortages and inflation bite for UK businesses – Bank of England
Economic struggle places the insurance market ‘in danger of sleep walking into a tsunami of fraud claims’, says group director of investigations
Brokers set for key role around possible post-Brexit IPT changes
Changes to insurance premium tax could lead to greater administration burden for the UK’s insurance sector
UK government publishes Financial Services and Markets Bill
The tabled bill represents ‘the beginning of the development of a new UK regulatory regime’, paves the way for Solvency II reform and furnishes the FCA with new regulatory powers
Arron Banks loses defamation case against freelance journalist
The case has been ongoing for nearly three years and is a win for public interest journalism
Government proposals to scrap annual MOTs could see increase in ‘unroadworthy vehicles’
Although the proposed change could save £55 a year, this could lead to more unsafe cars on the road which could subsequently increase insurance premiums
Government seeking to double Solvency II regulatory threshold for industry
This will help smaller firms entering the market
76% of Brits do not understand health insurance cards – Direct Line
The insurer warns that the ‘gap is growing’ for Global Health Insurance Cards
Bank of England launches Solvency II survey to explore cost compliance
Insurance firms have until the 27 May to respond with the Bank of England recommending that UK firms participate
Supply chain shocks and waning confidence amid Ukraine-Russia war – Allianz Trade
High energy prices have become a ‘top concern’ for European exporters since the war began
Government moves closer to axing controversial Vnuk law
The European ruling could have created extra costs of £2bn a year for the insurance sector