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Articles for July 2003
Defining the lines
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01 July 2003
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..
IASB faces tough opposition
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01 July 2003
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..
News
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01 July 2003
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..
Product liability: a changing landscape
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01 July 2003
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..
Navigating the road ahead
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01 July 2003
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 insurer..
Combining the Code with common sense
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01 July 2003
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..
Reports tackle rising costs
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01 July 2003
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..
Retrospective fears “false”
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01 July 2003
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..
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