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Defining the lines
Change is targeting Lloyd’s from all angles, and there is more to come. For now, most Lloyd’s businesses will be preparing for site visits from the market’s franchise board.
IR&A
looks at the new face of Lloyd’s and..
Online Published Date:
01 July 2003
Appeared in issue:
3 - 01 July 2003
The perils of global insurance packages
The importance of legislative compliance has reached new heights for lucrative multinational business.
Steve Mummery, technical director of Aon Professional Risks, explains the pitfalls that should be avoided to remain competitive.
It is the sort..
Online Published Date:
01 July 2003
Appeared in issue:
3 - 01 July 2003
IASB faces tough opposition
The draft is finally on its way but European insurers are rocking the boat
Insurers should get their first look at the long-awaited interim International Financial Reporting Standard (IFRS) for insurance at the end of this month after the..
Online Published Date:
01 July 2003
Appeared in issue:
3 - 01 July 2003
News
Davies softens to insurers’ workload
Senior managers have a lot on their plate, said outgoing chairman of the Financial Services Authority (FSA) Sir Howard Davies in London recently. Unusually sympathetic to the lot of insurers Sir Howard told..
Online Published Date:
01 July 2003
Appeared in issue:
3 - 01 July 2003
Travel insurance decision creates two-tier system
After months of uncertainty the industry now knows where it stands: at a disadvantage when it comes to travel insurance sales.
When the Treasury first announced that general insurance would be moved from a self regulatory regime to the auspices of..
Online Published Date:
01 July 2003
Appeared in issue:
3 - 01 July 2003
Product liability: a changing landscape
New EU regulations on general product safety are due to take effect from the beginning of next year. Manufacturers will be subject to new compliance regimes, and these could open a can of worms for their insurers, says
Rod Freeman, a senior lawyer..
Online Published Date:
01 July 2003
Appeared in issue:
3 - 01 July 2003
Navigating the road ahead
European insurers are becoming increasingly nervous over new accounting standards proposed by the IASB. But what will the changes really mean for your business?
Peter Wright, senior consultant at Tillinghast-Towers Perrin, explains what every..
Online Published Date:
01 July 2003
Appeared in issue:
3 - 01 July 2003
Combining the Code with common sense
Knee-jerk reactions to business scandals have created an uneven spread of corporate governance approaches in the UK and Europe. The new Code should help iron out some of the disparity but there is a lot more to it than just ticking boxes, argues
..
Online Published Date:
01 July 2003
Appeared in issue:
3 - 01 July 2003
Reports tackle rising costs
Insurers of UK liability insurance have averted radical system change following the outcome of not one but two government reports. But as buyers continue to be pressured by rising premium costs change is still on the cards, the only question is in..
Online Published Date:
01 July 2003
Appeared in issue:
3 - 01 July 2003
Retrospective fears “false”
Industry assured ombudsman will not backdate CoB rules in complaints
The Financial Ombudsman Service (FOS) has come out in defence of the Treasury’s decision to consult on granting the ombudsman powers to consider complaints about sales made..
Online Published Date:
01 July 2003
Appeared in issue:
3 - 01 July 2003