Of Special Interest

7th July 2013

The Global Insurance Week

This week, covered by Newslink, a new study found that UK financial services cfos and coos found regulatory compliance challenging. Milliman reveiwed the Embedded Value of European insurers, and the CII announced a new manifesto on the future of apprenticeships.
A survey of EU member states indicated the level of readiness for Solvency II, EDHEC-Risk Institute looked at long-term infrastruture investment related to the upcoming regulation, and EIOPA released its final report on the QIS on occupational pension funds. A UK parliamentary Committee supported the Flood Re initiative but questioned whether more needed to be done.
Genearali Italia was launched, Old Mutual bought a majority state in a Kenyan microinsurance company, Willis Re said reinsurers were on the defensive, and Howden took a minority stake in a Chilian broker.
AIR Worldwide released an update for its Japanese earthquake model and issued one on Pandemic Flu, whilst DOCOsoft signed up Talbot Underwriting for its claims management offering. Open GI won a major order, RSA chose Sapiens Reinsurance, and Novarica looked at US p&c IT spend. Quindell announced yet another acquisition but said takeovers will slow down next year. A new report on building a business case for analytics in commercial insurance was released by Xuber at a London event.
Lloyd's chief executive, Richard Ward, is to resign in December, and Xchanging appointed a Global Sales director, Insurance Services.