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Whats your holiday nightmare event

Some people travel to soak up the culture, sample the food and bond with the locals, but the UK’s travellers responding to a new survey from global travel insurance provider, Allianz Assistance, consider no British food options and no WI-FI among their holiday nightmares.
Posted on Friday May 24

Parents suffer at work for caring for sick children

New research from MetLife UK shows parents are paying the price for taking time off work to look after sick or injured children in the shape of extra costs, cancelled holidays, unpaid leave and increased stress,
Posted on Friday May 24

A look back and ahead one year on from GDPR

When the European Union’s General Data Protection Regulation (GDPR) took effect in May 2018, it signaled the start of more aggressive privacy oversight and enforcement in an era of rapidly advancing technology. The diversity and scope of enforcement actions, and the intersection of data privacy regulation with technology, are likely to pose increasing challenges for regulators and for businesses.
Posted on Thursday May 23

How insurers can contribute towards a sustainable Europe

EU insurers have already committed to invest an estimated €50bn in sustainable investments between 2018 and 2020. To allow European insurers to maximise their contribution towards a sustainable Europe, policymakers must: take action to ensure prudential capital requirements reflect the real risks insurers face; provide a clear taxonomy that avoids greenwashing; and ensure conduct rules give consumers real choice over environmental, social and governance (ESG) and non-ESG investment products.
Posted on Thursday May 23

Non life insurers holding more non traditional investments

New research from insurance and investment advisory firm LCP shows significant and growing appetite from non-life insurers for non-traditional investments.
Posted on Thursday May 23

Get the most from Millennials by knowing what shaped them

In order for businesses to get the best out of Millennials in the workplace, they need to understand the unique set of circumstances they have grown up in which has shaped their attitude today.
Posted on Wednesday May 22

New and slow burner emerging risks

Digital technology's clash with legacy hardware, new risks emerging from the spread of 5G mobile networks, increasingly limited fiscal and monetary policy flexibility, and genetic testing and its effects on the insurance industry, as well as the effects of climate change on public health are some of the key risks identified in this year's Swiss Re Institute SONAR report published today.
Posted on Wednesday May 22

What would you do if you had twelve months to live

Most Brits would spend time with family, go on a once in a lifetime trip and make plans for their funeral if they found out they only had 12 months to live, according to research from SunLife.
Posted on Tuesday May 21

Global insurance prices up three percent

London, 16 May 2019 - Marsh today released its Global Insurance Market Index for the first quarter of 2019. Key findings include:
Posted on Thursday May 16

New report highlights loss of trust in financial services

New Report highlights loss of confidence in financial services: The Transparency Task Force (TTF) has released a report with RSA and Newgate Communications which highlights a worrying loss of trust and confidence in financial services, across all developed economies. TTF has established a global network of interested groups to tackle this issue, increase trust and improve consumer outcomes.
Posted on Thursday May 16

Do you save more or less than the rest of your generation

New research from personal loan provider, Hitachi Personal Finance, reveals which age groups are the most financially secure, and where their priorities lie when it comes to spending their income.
Posted on Thursday May 16

Aon and Guy Carpenter partner with The Institutes

The Reinsurance Solutions business of Aon and Guy Carpenter are pleased to announce a joint effort with The Institutes RiskStream™ Collaborative to bring greater efficiency to the reinsurance placement process through distributed ledger technology (DLT).
Posted on Thursday May 16

Table football and dogs in the office

Are the workplace benefits UK employees are LEAST interested in. Traditional workplace benefits like holiday allowance and pensions have trumped quirkier ‘benefits’ like being allowed to take your dog into the office, in a survey by Aviva.
Posted on Wednesday May 15

New data standard built for the reinsurance industry

At Exceedance 2019, RMS, the leading global risk modeling and analytics firm, announced the introduction of the Risk Data Object (RDO), a new open data standard. This data structure will be given to the (re)insurance industry by RMS and will not require a license, fees, or permissions for usage.
Posted on Wednesday May 15

ABI steps up call for access to ICO cyber breach data

James Dalton, Director of General Insurance Policy at the ABI, addressed a room of government officials, peers and industry alongside Baroness Neville-Jones, former Chairman of the Joint Intelligence Committee – stepping up the ABI’s calls for access to anonymised breach data from the ICO.
Posted on Tuesday May 14

Thunderstorm activity results in multi billion dollar losses

Aon launches the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during April 2019.
Posted on Monday May 13

XPS Pensions Group partners with Mental Health Foundation

XPS Pensions Group (XPS) have partnered with the Mental Health Foundation as part of their Wellbeing Programme that focuses on the mental health as well as physical health of their colleagues, ensuring they stay well and feel supported.
Posted on Thursday May 9

A slight bump in the road

A claim arising from an October 2017 low speed impact road traffic accident in Bexhill-on-Sea has become insurance law firm Horwich Farrelly’s 500th finding of Fundamental Dishonesty (FD) in just six years – a ratio of seven a month since the term was first introduced under CPR 44.16 in 2013 and under S 57 of the Criminal Courts and Justice Act 2015.
Posted on Wednesday May 8

Over one million car insurance policies cancelled last year

Continuing its track record of delivering insurance industry insights, so providers can make better decisions, LexisNexis® Risk Solutions has uncovered the scale and impact of policy cancellations on the sector. New analysis of the data from the LexisNexis® Motor Policy History contributory database - representing over 90% of the personal lines motor insurance market - has identified 1.3 million policies were cancelled in the past year, which is close to a third (32%) of all new policies written.
Posted on Tuesday May 7

Group Risk industry helped more families than ever in 2018

Once again, the group risk industry provided financial support to a record number of families during 2018. Industry data compiled and published today by Group Risk Development (GRiD) shows that a total of over £1.68bn was paid out by the group risk industry during 2018, a £64.5 million increase on 2017. More UK families than ever (26,505) were helped to avoid financial hardship after the death, illness, accident or disability of a loved one.
Posted on Wednesday May 1

Reinsurers remain resilient despite catastrophe losses

Aon launches the latest edition of its Aon’s Reinsurance Aggregate (ARA) report, which analyses the 2018 financial results of 23 major reinsurers.
Posted on Wednesday May 1

Aon reports risk readiness drops to lowest level in 12 years

Aon's 2019 Global Risk Management Survey identifies challenges organizations face in assessing and responding to traditional and emerging risks
Posted on Monday Apr 29

Downhill drive for the cost of car insurance

Downhill drive – large quarterly drop sees the cost of motor insurance fall to a two-year low
Posted on Monday Apr 29

Cyber readiness levels stall as attacks reach new intensity

A sharp increase in the number and cost of cyber-attacks is the key finding in a study of 5,400 organisations across seven countries, commissioned by insurer Hiscox. More than three out of five firms (61%) report one or more attacks in the past year, yet the proportion achieving top scores for their cyber security readiness is marginally down year-on-year.
Posted on Friday Apr 26

The importance of changing trends to actuarial work

The Joint Forum on Actuarial Regulation (JFAR) has today published its Risk Perspective: 2018 Update setting out its collective view on current risks to high quality actuarial work.
Posted on Friday Apr 26

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