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Insurance matters

TROIKA launched

worldTROIKA – UK’s first insurance sector consortium – has been launched to provide independent model validation assurance for Solvency II

Prudential chief executive tipped for ABI chairman position

tidjanethiamThe Financial Times has reported that Prudential’s chief executive Tidjane Thiam (pictured) is the leading candidate to take over as chairman of the Association of British Insurers (ABI).

2012 to be an uncertain year for marine insurance

cruiseshipWillis Global Marine, the maritime arm of global insurance broker Willis Group Holdings, has warned that 2012 will be an uncertain year for the marine insurance industry.

Squaremouth names top travel insurers for March 2012

chartsTravel insurance comparison site Squaremouth has named Travel Insured International as its top-selling travel insurer for March 2012, with an almost 19-per-cent market share.

FICO announces new solution to improve ROI

ACTNOWAnalytics and decision management provider FICO has announced the launch of a new solution designed to improve Return on Investment (ROI) for predictive insurance models.

New solvency rules for New Zealand insurers

earthquakeInsurers in New Zealand will have to meet new solvency standards by the end of next year to ensure that they have sufficient capital for all eventualities, according to plans announced by the Reserve Bank of New Zealand.

Takaful contributions rise

riyadhThe 5th edition of Ernst & Young’s World Takaful Report 2012: Industry Growth and Preparing for Regulatory Change, unveiled at the 7th Annual World Takaful Conference 2012, confirms that global Takaful contributions grew by 19 per cent to US$8.3 billion in 2010.

Social media content must remain relevant

mandy at computerInsurers must remember that despite changes in technology and consumer habits, customers’ reasons for buying insurance have not changed, said Stephen Collins, chief executive officer of ReMark International, at the first Conference on Social Media & Mobile Marketing for Insurance. Video available

Asia catastrophe prone

The Asia Pacific market accounted for an unprecedented two-thirds of the insured catastrophe losses worldwide in the first three quarters of 2011, according to a new report

Spanish fraud problems continue

The number of fraudulent claims uncovered by major insurance companies has soared by 64 per cent in Spain in the last three years of economic crisis, according to figures released by the industry’s research group ICEA. David Ing reports