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Insurance sector

Articles on the insurance sector from our leading edge monthly magazine, FS Focus.

Terrorism insurance boost

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Companies will be able to get insurance cover easier in case of a terrorist attack, following the passing of a new law.

Mondelez sues Zurich

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US food company Mondelez is suing its insurance company, Zurich, for refusing to pay out on a $100m claim for damage caused by the NotPetya malware attack.

IFRS 17 event - What you need to know to improve

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The ICAEW Insurance Network focused on the practicalities of IFRS 17 and what those working on the ground need to know to improve.

Europe backs delay of IDD

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The European Council has backed a proposal to delay the introduction of new laws on the distribution of insurance products until October 1 2018.

FCA to review insurance brokers

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The financial watchdog has launched a study of the wholesale insurance sector, probing into how £68bn of specialist insurance is bought and sold in the City.

EY warns of loss making home insurance market

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Big Four firm, EY, has warned that profits for home insurers could fall into the red in 2018 as rates decrease and costs increase.

Treasury urges clarity on Solvency II

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A Treasury Committee report on EU insurance regulation has urged the insurance industry and the PRA "to come to an understanding on what aspects of Solvency II can be changed unilaterally while the UK remains an EU member state".

Insurers to lose out in Brexit negotiations

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Financial Conduct Authority CEO Andrew Bailey has warned that firms making plans before knowing the outcome of Brexit negotiations may find themselves in tricky water.

PRA consults on SIMR amendments

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Large insurers could be required to have policies in place to promote board diversity under plans put forward by the Prudential Regulation Authority (PRA).

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