What will Brexit mean for the UK’s insurance sector? This report provides a snapshot of opinions from within the UK insurance industry as the UK undertakes the somewhat tortuous road towards Brexit. Topics covered: key recommendations; Brexit outcomes; impact on UK insurers; future considerations.
This infographic provides an overview of insurance consumers’ main rights under the General Data Protection Regulation (GDPR), which applied from 25 May 2018.
IFRS 17 represents the most significant change in financial reporting for decades, but what does it mean for the insurance industry? This report sheds light on the insurance industry’s sentiment towards the IFRS 17 regulation and the steps organisations are taking to achieve compliance.
As we enter the second half of 2018, Neil Clutterbuck, Allianz chief underwriting officer, takes stock of some key industry topics and considers how these may develop. Topics covered: the Civil Liability Bill; Hackitt report; terrorism; broker market consolidation; ABI pricing principles and Brexit.
With accountability as the new principle, GDPR requires that organisations not only comply in a sustainable manner but also demonstrate compliance on an ongoing basis. EXL's infographic highlights the steps you can take to achieve and demonstrate compliance both today and in the future.
The Data Security or Data Protection Officer is an increasingly vital role within the insurance sector, especially following the implementation of GDPR. This short guide highlights how Optal’s Virtual Account Numbers (VANs) can be used by insurers to mitigate the risks of a data breach occurring.
Following implementation of GDPR on May 25th, the UK entered into a new age of data protection. This guide focuses on best practice for obtaining consent before providing real world examples of the use of consent within the general insurance sector and seven practical steps brokers can take.
This short paper summarises the principal legal risks facing the casualty and motor claims environment over the medium term. The challenges include the resetting of the personal injury discount rate, the effect of changes to EU motor insurance law and the ongoing evolution of vicarious liability.
In the EU, the European Parliament recently adopted two new regulations that significantly tighten the requirements for medical devices. This article provides an overview of the new regulations, the scandal that prompted change and the need to balance safety, innovation and affordability.
Following the EU’s recent decision to amend the implementation date for the IDD, this article explores the implications of the new directive for brokers and revisits the steps outlined in our recent article that every broker should consider taking immediately.