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Insurance sector

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

Record rise in insurance premiums

Average motor premiums have gone up by £48 compared to this time last year, hitting a record high of £484 for the second quarter of 2017, according to the Association of British Insurers.

PRA consults on SIMR amendments

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

Solving solvency II

From modelling to competition, John Mongelard picks out the highlights of Sam Woods’s insurance supervision update.

IASB issues IFRS 17

The International Accounting Standards Board has issued IFRS 17 Insurance Contracts, which will usher in a ‘wave of unprecedented change’.

Lloyd's move to Brussels

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Lloyd’s of London has chosen Brussels for its new European base because of the local regulator’s understanding of the insurance market and to be close to EU politicians.

FCA to review competition and pricing practices

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The Financial Conduct Authority intends to conduct a review of pricing practices in general insurance and assess how effective competition is in the wholesale insurance market.

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