Archive

US insurability crisis casts a dark cloud on Europe

Climate-driven losses in the US have led insurers to withdraw coverage. Could the same happen in Europe? Sarfraz Thind reports

Eiopa's call for cross-border overhaul, and the path to a single EU supervisor

Challenges with supervising cross-border insurance sales has prompted the EU's insurance authority to demand greater powers. But could bigger events in Brussels overtake them? Christopher Cundy and Martin Assmann report

ABI reveals "concerning steady decline" in UK insurance apprenticeships

But proportion of women on executive teams increased by 3% to reach 32% in 2023

Consumer Duty has become a burden for insurers... but in a good way

The Consumer Duty rules have reshaped the UK's conduct regulation by demanding insurers place customers' needs first. While still seen as a burden, it has been is welcomed as a step towards better outcomes for all. Joshua Geer reports

IAIS consults on AI supervision and risks for insurers

Paper from global insurance watchdog covers AI security, fairness, robustness and governance

UK's financial watchdogs must "regulate for growth", says government

Rachel Reeves's Mansion House speech signals rollback of senior managers and certification regime

Brazilian insurance leader deepens UK market cooperation

Dyogo Oliveira, President of CNseg, addresses the Brazil-UK insurance forum

AI's potential to improve customer outcomes

Artificial intelligence could be a powerful tool to help insurers serve customers better, but it needs better regulation and governance. Martin Assmann reports

UK regulator launches probe into home and motor insurance premium financing

Annual interest charges can be up to 30%, says Financial Conduct Authority

ABI's Yvonne Braun honoured in King's Birthday Honours list