Lloyd's has welcomed the recent extension of the United Nations' Black Sea grain initiative, as well as c...
Middle East: More consolidation expected in regional insurance sector as regulatory regime tightens
More consolidation and M&A activity is expected in the regional insurance industry as regulators continue to tighten their supervision regime particularly around capitalisation...
More consolidation and M&A activity is expected in the regional insurance industry as regulators continue to tighten their supervision regime particularly around capitalisation...
Article / 4 hours ago
Government steps in to address cladding cover shortage for assessors
The five-year scheme sees the government liaise with an MGA, reinsurer and technology provider to address protection gap...
The five-year scheme sees the government liaise with an MGA, reinsurer and technology provider to address protection gap...
Article / 8 hours ago
Ministry of Justice to consult on public liability insurance register - IB
The Ministry of Justice (MOJ) is gearing up to examine the feasibility of a public liability (PL) insurance policy register following a COVID hiatus....
The Ministry of Justice (MOJ) is gearing up to examine the feasibility of a public liability (PL) insurance policy register following a COVID hiatus....
Article / 10 hours ago
EU Insurers, Banks Face Tougher Rules on Use of Cloud Computing Giants
Financial firms in the European Union will have to show how quickly they could recover from a cyber attack as they rely more for key services on “cloud...
Financial firms in the European Union will have to show how quickly they could recover from a cyber attack as they rely more for key services on “cloud...
Article / 12 hours ago
FCA writes to PII insurers, brokers of adviser firms involved in British Steel Pension Scheme
With adviser firms on the hook for unsuitable advice to members of the British Steel Pension Scheme (BSPS), the Financial Conduct Authority (FCA) has written to...
With adviser firms on the hook for unsuitable advice to members of the British Steel Pension Scheme (BSPS), the Financial Conduct Authority (FCA) has written to...
Article / 12 hours ago
Philippines: Insurers believe regulator will adhere to 31 Dec 2022 deadline for capital requirement
Local insurers are no longer optimistic about a possible extension of the final tranche of increases in capital requirements...
Local insurers are no longer optimistic about a possible extension of the final tranche of increases in capital requirements...
Article / 14 hours ago
Nepal: Regulator issues 7 microinsurance licences
The Nepal Insurance Authority (NIA) has issued licences for microinsurance business to seven companies....
The Nepal Insurance Authority (NIA) has issued licences for microinsurance business to seven companies....
Article / 14 hours ago
APRA intensifies supervision of Medibank after cyberattack
The Australian Prudential Regulation Authority ( APRA ) has intensified its supervision of Medibank Private Limited (Medibank) in response to the recent successful cyberattack...
The Australian Prudential Regulation Authority ( APRA ) has intensified its supervision of Medibank Private Limited (Medibank) in response to the recent successful cyberattack...
Article / 1 day ago
Fidelis MGU-balance sheet split gets greenlight from regulators
Fidelis' proposed division into a managing general underwriter (MGU) and a balance sheet has been approved by regulators and is expected to take place from 1 January....
Fidelis' proposed division into a managing general underwriter (MGU) and a balance sheet has been approved by regulators and is expected to take place from 1 January....
Article / 1 day ago
EU watchdog to probe insurer cyber exposures
Europe's insurance watchdog is seeking industry feedback on plans to establish a framework to assess insurers' financial resilience under severe cyber incident scenarios including...
Europe's insurance watchdog is seeking industry feedback on plans to establish a framework to assess insurers' financial resilience under severe cyber incident scenarios including...
Article / 1 day ago
