The European Commission has today set out which countries it has asked EIOPA to assess for transitional equivalence during 2012. This process will ultimately determine which countries are deemed to have a regulatory system which provides enough policyholder protection that companies will not have to comply with both Solvency II and local regulations.
It is likely that these countries will have five years to embed any identified changes to their regulatory system from the point Solvency II becomes effective.
With the start of events just less than six months away, businesses that have not already done so are being urged to prepare now to avoid any potential disruption caused by the UK-hosted Olympic Games.
Businesses in the City are concerned about the impact of regulatory uncertainty on their business operations, according to a new report by international law firm Eversheds.
The European Commission published its proposed reforms to the EU 1995 data protection rules today. Under the changes, organisations would be operating under a tougher regime where they would face increased accountability and heavier fines.
The total amount of fraud in 2011 topped £3.5 billion – a record year – according to KPMG’s Fraud Barometer, as Britons across the country continue to struggle with tough economic conditions.
Analysis of fraud trends during 2011 reveals a 9% increase in the overall level of fraud when compared with the previous year.
Commercial underwriting specialist Evolution Underwriting has announced the extension of its capacity arrangements with Allianz for a further five years. The deal covers property, casualty, excess of loss and motor lines and ensures continued support for Evolution until at least 2016.
Global business processor Xchanging has appointed John Niblett as insurance change director for Xchanging’s insurance business.
Following a year of heightened global political unrest, a new report has identified some of the most significant political risks and investment picks for business and investors.
Fitch Ratings says in its latest bi-annual global credit outlook report that the intensification of the eurozone crisis in H211 triggered an overall rise in the proportion of negative rating outlooks assigned by the agency.
Vocal is to launch managed services for its iModus product.
With the majority of this year’s catastrophe losses arising from unmodelled or inadequately modeled perils or territories, reinsurers are being more forceful in their demand for greater transparency of data, or looking to sub limit their exposures to manageable levels.
UK product recalls have jumped by 27% from 229 in 2010 to a record 291 in 2011, the second year in a row to see record breaking increases, according to law firm Reynolds Porter Chamberlain.
After a year of tragic and costly catastrophes, a new report examines the possibility of a new ‘normal’ in high-impact, low probability events. Deborah Ritchie reports on the latest thinking from Chatham House
Cyber crime features among the key risks for 2012, and keeping up with the constantly evolving threat is an unceasing challenge. Deborah Ritchie speaks to Duncan Hine, CEO of the Cyber Security Challenge UK
A decade after the euro was welcomed in, there is very little to celebrate, and things are set to get worse before they get better. The impact on firms will only be managed if business leaders face the harsh realities.
Following publication of the long awaited Löfstedt Report, will Cameron keep his resolutions when it comes to health and safety reform? Peter Davey considers the arguments
We’ve become sadly accustomed to the increasing prevalence of civil unrest at the global level, but not quite so much in our own back yards. Deborah Ritchie reports on the turmoil that resulted in a series of riots in major cities up and down the country in August
The use of armed guards on ships gained considerable momentum in 2011, driven by the increasing threat of piracy in the Gulf of Aden. But extensive due diligence is required to get the right security professionals on board, discovers Helen Yates
The UK retail sector has shown strong growth over the last five years, despite an overwhelmingly gloomy picture overall. The UK also remains a pioneer in ecommerce within Europe, a position it should seek to maintain in these days of dearth. Deborah Ritchie reports
Managing export compliance is mandatory, and governance failures can have far reaching consequences. Trevor Morton explains the key considerations
Social media and networking have become a part of life. But what is their role in the business environment and how can businesses benefit from having a presence, while limiting the downside? Helen Yates investigates
The Risk/Ratio Earnings - New Perspectives for Achieving Bottom-Line Stability
Marsh's 2010 EMEA Business Continuity Benchmark Report.
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