European Union (EU)
Data protection & breaches: Breaches of security
The Information Commissioner recently issued huge fines for data protection breaches. Edward Murray reports on additional costs that could well flow from new notification laws.
Risk update - Health foods & supplements: A healthy risk
Forecasts suggest the global food supplement market could be worth $90bn by 2013. Shaun Randell examines the opportunities and risks insuring this market can bring.
Eiopa unveils new management board
The European Insurance and Occupational Pensions Authority has announced its newly elected management board and acting chairperson.
Post Europe View from the Top: Sunlight drives away shadows
Major risks are not included in the existing European Insurance Mediation Direction. The Federation of European Risk Management Associations believes they should be, and is urging the European Commission to bring them into the current revision of the…
Broking focus - Bribery Act: On the right side of the law
London market brokers transacting across international boundaries need to revisit their risk and compliance provision in the face of draconian new UK bribery legislation, reports Ralph Savage.
Exclusive gender and risk assessment content now available on Post Europe
Post Europe’s last 2010 weekly update is now live with a look at the European Court of Justice’s decision on using gender as a risk factor will have on the insurance market, and a View from the Top that examines the importance of geographical data in…
Post Europe: The end of the road for cheaper car insurance for women?
A Belgian court case that has been referred to the European Court of Justice questions the validity of using gender as a risk factor in insurance. Lesley Ainsworth and Paul Castlo review the impact the decisions in this case could have for all European…
Exclusive legislation content now available on Post Europe
Post Europe’s weekly update is now live with a look at the impact US extra-jurisdictional sanctions have on European insurance and a View from the Top on the general equality legislation threatening the market.
Post Europe: The ‘Long Arm’ of the law
European regulation on insurers and brokers complying with extra-jurisdictional sanctions from the US are clear and yet firms continue to uphold the Office of Foreign Assets Control sanctions list when dealing with US firms. Christian Taylor and Richard…
EP rejects tax harmonisation plea
The European Parliament has narrowly rejected an amendment calling for tax harmonisation in the European Union.
News Analysis - IMD: In perfect harmony
New minimum harmonisation requirements being proposed by the EU for IMD2 hope to level the regulation playing field. Vic Wyman reports.
IUA calls for "harmonisation" in EU insurance mediation directive talks
A public hearing today in Brussels on the proposed revision of the Insurance Mediation Directive came down in favour of "minimum harmonisation" of brokers and other sellers of insurance.
Post Europe: Data security – is Europe still lagging behind the US?
Some believe that Europe continues to lag behind the US in terms of data security. Matthew Hogg explores the likely triggers for improved levels of data security in Europe.
EC launches VAT consultation
The European Commission has launched a public consultation on how the EU’s value added tax system can be strengthened and improved, to the benefit citizens, businesses and member states.
Post Europe December: Exclusive online content now live
Post Europe December is now live with a Q&A session with Aon-Benfield, a review of the Turkish general insurance market, a close look at new European Union Iranian sanctions, as well as our regular View From the Top slot this month on Ireland’s financial…
Exclusive online content now live
Insurance Insight December is now live with a Q&A session with Aon-Benfield, a review of the Turkish general insurance market, a close look at new European Union Iranian sanctions, as well as our regular View From the Top slot this month on Ireland’s…
Post Europe: Iranian sanctions
Earlier this year the European Union was the first to proscribe sanctions against Iran specifically including insurance. Vic Wyman reports on the reactions and implications for the European insurance market.
Think tanks predict Euro withdrawals
The small, debt-ridden countries on the fringes of the European Union will soon start dropping out of the Euro, according to a new report by two economic think-tanks from both sides of the Atlantic.
Cicero calls for enhanced HMT oversight to new UK financial services regulation
At a joint event with REFORM think tank, Cicero Consulting, director and chief corporate counsel Iain Anderson, has called for the oversight role of HM Treasury to be enhanced in the new UK regulatory framework.
Aviva, Allianz and RSA warned of downgrades due to Irish debt crisis
Standard & Poor's Ratings Services has lowered its sovereign credit ratings on the Republic of Ireland to 'A/A-1' from 'AA-/A-1+' and placed the ratings on CreditWatch with negative implications.
Industry relief as plans to reform VAT exemption dropped
The European Union's decision to drop its planned reform of the Europe-wide VAT exemption of insurance and other financial services should be a relief to UK insurers and brokers.
Solvency II "finishing touches" underway
Lloyd's has claimed that European regulators are now putting the “finishing touches” to Solvency II, following a decade in the planning.
Solvency II "finishing touches" underway
Lloyd's has claimed that European regulators are now putting the “finishing touches” to Solvency II, following a decade in the planning.
EU retreat on insurance VAT exemption reform
The European Union has announced that it is unlikely to push forward with the reform and simplification of the VAT exemption on insurance and the wider financial services industry.