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- The Met Office says Atlantic hurricane fluctuations connected to industrial air pollution
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- Telematics growing in interest in UK amongst consumers says survey
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- Most of UK life insurers sheltered from eurozone sovereign debt crisis says Fitch
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- Solvency II goes too far says survey
- London Market and other insurance centres worldwide reviewed from an historic, current, and future prospective post-Brexit
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- Policy administration modernisation is next priority says survey
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- EIOPA issues 2012 Action Plan for Colleges of Supervisors
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- Transformation progresses at IBM with the global insurance market as a focus
- Insurers could look towards alternative asset classes because of Solvency II says survey
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- European regulator warns politicians on Solvency II potential delay
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- Difficult decisions ahead for European insurers says Ernst & Young report
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- 2012 US Auto Claims Satisfaction study published
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- Treasury Committee motor insurance report creates comment
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- World Economic Forum Global Risks 2012 report published
- LMG announces major steps forward following the London Matters research
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- Further delay over Solvency II
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- Ernst & Young outlines five success strategies for US p&c insurers
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- Only 20% of actuaries and insurance finance managers completely confident in data control processes and spreadsheets says research
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- Fitch predicts future trend for US broker market
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- London Market Group outlines five key initiatives for 2015
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- Newslink Opinion: Transforming data into intelligence-the insurance industry's challenge
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- Swiss Re sigma study reviews catastrophe costs
- Newslink Trends: Weekly Global Insurance Analysis
- Aon Benfield publishes report on China p&c and reinsurance market
- Newslink Trends: Weekly Global Insurance Analysis
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- US life industry faces challenges says report
- Newslink Trends: Global Insurance Analysis
- Swiss Re predicts bluer skies from 2013
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- LIMRA reviews US consumer life insurance buying trends
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- A.M.Best stress tests insurers exposure to eurozone debt
- Newslink Trends: Global Insurance Analysis
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- Sovereign bonds revised capital risk charges unlikely to be incorporated in Solvency II in near term says Fitch
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- Defaqto survey indicates vital role of financial advisers
- London Market under threat says LMG/Boston Consulting global research report
- Global survey reveals insurers could improve services to customers
- Newslink Trends: Weekly Insurance Global Analysis
- S & P highlights regulatory change for UK life insurers presents challenges but there are long term opportunities
- Newslink Trends: Weekly Insurance Global Analysis
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- Social Media to inpact insurance market says report
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- Only 48% of UK and US consumers trust their insurance provider says survey
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- Guy Carpenter reviews Asia Pacific catastrophe scenario
- European insurers analytics survey indicates progress and trends
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- Total loss customer satisfaction lower says US auto insurance study
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- Norton Rose reviews financial institutions globally
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- Big Data-a challenge but an opportunity to differentiate
- Newslink Interview: Xchanging-providing a global platform adapted for local markets
- CEA opposes US bills relating to taxing of foreign insurers
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- SAS-a hybrid analytics approach to fighting insurance fraud
- Creating an environment for improving and widening decision making
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- Insurers to spend more on IT says research
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- The Global Insurance Week
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- Xuber keeps in the headlines
- EIOPA to assess impact of Solvency II Long Term Guarantees package
- Stay Agile and Stand Out in Changing Insurance Markets
- IAIS releases first-ever Global Insurance Market Report
- Fitch reviews financial performance of US P & C insurers over the last 10 years
- Global reinsurers significantly improve in first half
- Survey indicates insurers views on a single global accounting framework
- EIOPA requests feedback on technical specifications of IORP quantatative impact study
- UK insurers need a more effective risk culture says survey
- An increasing number of UK insurers express concern about Solvency II start date
- BCIS introduces commercial property rebuilding calculator
- MySlipcase insurance networking platform launched in London
- CRIF in co-operation agreement with TRACESMART for consumer intelligence
- LIMRA reviews growth of mobile technology amongst North American insurers
- EIOPA publishes final response to European Commission on occupational pension schemes
- Fitch reviews Bermuda market prospects
- EIOPA provides Solvency II update at first annual conference
- EIOPA consults on Solvency II reporting and public disclosure
- EIOPA consults on Solvency II ORSA
- EIOPA launches consultation on guidelines for complaint handling
- China looking at widening motor insurance role for foreign insurers
- Solvency II clarification soon
- Insurers need to reflect rebuilding costs as new homes size grows
- Major reinsurers still have robust capital positions says Aon Benfield
- Focus on UK motor insurance costs
- Leading North American insurance risk managers form advisory council
- KPMG alerts insurers over SIFI possibility
- UK insurance fraud continues to rise
8th April 2018
Newslink Global Insurance Trends-The Week
Trend
This week, The Centre for Policy Studies(CPS) and the Association of British Insurers(ABI) welcomed the final report by MPs on the Work and Pensions Committee into pensions freedom and choice-the development of a public Pensions Dashboard with mandatory submissions was recommended in the report. Meanwhile, the Financial Conduct Authority(FCA) announced new rules for asset managers following its market study, and also warned it will take action against general insurance firms who are failing to properly implement rules introduced to increase transparency and encourage shopping around at renewal time. The ABI highlighted the significant additional workload with the impending rollout of the Senior Managers & Certification Regime(SM&CR), and the Chartered Insurance Institute launched CII Radio. Willis Re reported on April 1st renewals and the latest reinsurance market trends-Artemis headlined a record first quarter for ILS issuance, ahead of the London Market entry into the fray.
Guidewire won Celent Awards, and Italian insurer VERTI, part of the MAPFRE Group, selected additional Guidewire solutions. Majesco released a new thought leadership report-" Strategic Priorities 2018: The Digital Insurance 2.0 Gap", and the Monetary Authority of Singapore(MAS) is to develop a guide to promote the responsible and ethical use of artificial intelligence(AI) and data analytics by financial institutions. MS&AD companies are to implement Shift Technology’s FORCE to improve existing capabilities to detect fraudulent insurance P&C claims for domestic business in Japan.
Anbang Insurance is to receive a RMB60.804bn capital injection from the China Insurance Security Fund(CISF). Lloyd's opened an office in Casablanca-Lloyd's ceo Inga Beale said “At Lloyd’s, we are determined to play a vital role in supporting economic growth and developing insurance markets in Africa." Swiss Re highlighted its key strengths at its annual Investors' Day, and White Mountains is to acquire a majority equity stake in specialty insurance program administrator NSM Insurance Group. Howden is to acquire a majority stake in Turkish insurance broker ACP, and Willis Towers Watson has transferred its UK Insurance Investment Solutions Group(IISG) to its Insurance Consulting and Technology(ICT) UK Life business. Cunningham Lindsey launched its EFI Global–Environmental, Engineering, and Fire Services consultancy service in the UK.
Amanda Blanc is to leave AXA to join Zurich as ceo EMEA, and there were other senior appointments at Fidelis, JLT Re (North America), Lloyd's Market Association(LMA), Lockton, and TMK.
Articles on the above topics are included in those added to the Insurance Newslink and Financial Newslink global trends database services last Wednesday and today at www.onlystrategic.com featuring advanced structured search, report facilities, and a free 14 day full trial.