Of Special Interest

3rd November 2013

The Global Insurance Week
Opinion

This week, Swiss Re looked at future global growth and its implications for the insurance market, whilst Aon Benfield's Impact Forcasting included Sandy data in its storm surge model. Cobalt Underwriting's ceo spoke at the Islamic World Forum in London, the first time the event had been held outside an Islamic country.
Insurance Europe welcomed the latest proposals from the IASB but would like amendments. EIOPA published a Q&A tool relating to its recently published Solvency II Guidelines, and reported the appointment of new chairs and vice chairs for its Stakeholder Groups. BIBA members approved the initial phase of its strategy plan.
A new club-type MGA formation platform, Castel, was launched in London, and Hyperion's DUAL acquired in Florida.
Ovum warned that the insurance industry needed to move more quickly to a customer-centric market environment,
Bolt Solutions moved for the biggest online insurance aggregator in the US, and Agencyport is to collaborate with UST Group to target the international health insurance market. Cognizant's mobile solution was selected by India's Max Life, ProspX was chosen by CBIZ, and Sabrefish's offering went live at DUAL. SSP's Pure Insurance solution will replace exising systems at Gibraltar-based Enterprise Insurance, and Xchanging won two ACORD awards.
It was a busy week for results-Newslink covered those from AIG, AXA, Berkley Hathaway, CNA Financial, Direct Line,
The Hanover Insurance Group, The Hartford, HCC, MAPFRE, Ping An,
Arch Capital, Montpelier Re, PartnerRe, White Mountains, Gallagher, Willis, and Standard Life.
There were new appointments to head AIG EMEA and global insurance at KPMG.