European insurers should prepare for the worst but hope for the best according to Chris Smith, global Europe director for RSA.
There is a new spirit and momentum to Solvency II following this week’s vote according to the European Insurance and Occupational Pensions Authority.
Following the bank crisis the Financial Services Authority in the UK has focused more closely on the board’s role in risk management in a move which could be bad for non-executive directors according to a legal expert.
Insurers need to take ebusiness to the next level and personalise customer journeys to win business according to More than.
Keynote speaker at Insurance Strategy Europe Bart De Smet, group chief executive officer at Ageas, told delegates how multi-channel distribution is essential for insurance in Europe and how his firm has restructured to reflect this.
European insurers will need to be agile to survive, according to Capgemini's group vice president.
Speaking at Insurance Insight's inaugural Insurance Strategy Europe event, Jacob Ingerslev, European underwriting director for technology and cyber risks at CNA, said that interest from Europe in cyber crime insurance is growing rapidly.
Kurt Karl, managing director, chief economist and head of economic research and consulting at Swiss Re, has predicted that Portugal will be the next nation to default, but that it will not cripple the insurance industry.
Andreas Sterl, senior researcher at the Royal Netherlands meteorological Institute, has warned that France will be particularly affected by global warming.
Opening the inaugural Insurance Strategy Europe event Jorge Luzzi, president of the Federation of European Risk Management Association and director of group risk management at Pirelli, told delegates that a global view is essential going forward.
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What is the claims environment like in Asia? What are insurers doing to manage increasing claims costs and is there sufficient expertise in the market to handle future claims?
Designing a multinational insurance programme is a complex undertaking. However, the right strategy and tools help optimise performance and boost bottom-line results. This Aon Benfield article addresses the key challenges to overcome, including cultural issues, regulations, business process management and risk.
Country Profiles provides individual summaries for Lloyd's key territories. These profiles contain factsheets on the economy, insurance market and Lloyd's business. This analyst report from September 2012 focuses on Singapore.