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IFRS 17 throws down technology challenge to insurers
14 December 2017There is no single technology vendor offering a solution to the recently announced accounting standard, IFRS 17, and several parts will have to be custom built, according to PwC's Richard Hart. He caught up with Christopher Cundy to talk about about the opportunities these challenges present and the strategies the industry is taking
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UK small businesses more "savvy" with digital insurance
05 December 2017PwC research revealed UK small businesses are more willing to engage online.
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Justice Committee's Ogden advice raises fear of further delay
30 November 2017MPs have told the government it must face the "real world" when implementing the new personal injury discount rate. But its recommendations may cause more delay to the process, and pain for insurers as the industry tussles with making appropriate assumptions. Paul Walsh reports
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Lloyd's calls on insurers to address climate change
23 November 2017Impacts of climate change "absolutely not in dispute" says Lloyd's COO
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Brexit weighs on UK insurers' optimism
25 September 2017Life insurers are not experiencing the same Brexit fears as the rest of the industry, survey finds
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UK government proposes higher Ogden rate
07 September 2017Promises relief for insurers and motor insurance buyers
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PRA finalises guidance on cyber underwriting risk management
05 July 2017Risk management and underwriting functions should play key role
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UK industry welcomes action on whiplash claims but urges same for Ogden
21 June 2017Queen's speech sets out plan to tackle rising motor injury claims
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The 'winners' and losers from the Ogden rate change
20 June 2017Insurers with lower retention rates increased their motor market share in Q1 as others were forced to raise prices faster. They are, however, likely to be hit harder during their reinsurance renewals, and the profits lost across the entire sector could reach £3.5bn. Callum Tanner reports
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SFCR analysis reveals one lone shortfall in Irish insurers' solvency ratios
31 May 2017Finding comes as consultants examine national industries