Insurance news in the UK | Page 2

An overview of news, trends and research in the Insurance industry in the UK:

London forfeits title of ‘global financial hub’ to New York London has lost its title as the world financial hub to New York, just a year after gaining it, according to a survey of financial sector professionals around the world.
28 May 2019
Four trends fuelling digital transformation in financial services Institutions in the financial services arena are spending billions on digital transformation programmes, but it doesn’t always turn out to be money well spent.
01 February 2019
Brexit and looming economic crisis hit financial services optimism The levels of optimism among the UK’s financial services sector remains at a worrying low, according to a new report co-authored by the country’s representative body for business interests.
21 January 2019
AutoRek's Consulting head on how tech can help overcome SFTR In the first quarter of 2020, Europe’s Securities Financing Transaction Regulation (SFTR) will come into effect.
17 January 2019
Five reasons why the financial services sector hires consultants Banks, insurance companies, asset managers and other financial services institutions spend over £2.4 billion on external consultants.
22 October 2018
UK expects to lose 5,000 City jobs by Brexit deadline day Following a warning from the Bank of England that thousands of jobs could move to the continent by Brexit, the UK Government has responded by confirming some 5,000 roles could exit the financial serv
17 October 2018
Financial institutions failing to detect cyber breaches for over a week The world of business has been working diligently to respond to a glut of cyber threats that have hit home in recent years.
27 September 2018
Banks to beef up their collaboration with FinTechs for innovation In the coming years, banks will even more closely work together with FinTechs.
25 September 2018
London wrests financial hub title from New York London has reclaimed its crown as the financial hub of the world, less than one year before the culmination of Brexit negotiations.
21 June 2018
Drones to add £21 billion to UK public sector and financial services New research by PwC suggests that the ‘drone economy’ could add £42 billion to UK GDP by 2030.
29 May 2018
BCG to help Lloyd's of London develop InsurTech startup lab Lloyd’s of London has commissioned professional services giant The Boston Consulting Group (BCG) and innovation specialist L Marks to help the leading insurance market set up the Lloyd’s Lab — a prop
09 May 2018
Synechron launches RegTech programme for clients in financial services Following Accelerator programmes for Blockchain, InsurTech, and AI, international consulting and technology firm Synechron has now also made a foray into the RegTech realm.
26 April 2018
Mercer and Oliver Wyman helping UN with decarbonising financial services The United Nations has hired consulting firms Mercer and Oliver Wyman to serve as expert advisors on a project examining climate-related risks and opportunities for financial institutions.
19 April 2018
Elixirr and Kaizen to aid financial institutions transaction reporting compliance Last year, almost two thirds of transactions reported by financial institutions were incorrect, resulting in fines from the Financial Conduct Authority (FCA), while firms were unaware of these inaccu
29 March 2018
EY looks to grow Midlands financial services headcount threefold Global professional services firm EY has announced plans to triple its financial services team in the Midlands by 2020.
14 March 2018
Insurance industry embracing social media but struggles with pace of change While insurance companies are strongly committed to using social media channels for branding and customer service, they are leaving potential untapped, according to a new study.
02 March 2018
Aon acquires Henderson Insurance Broking Group Aon has acquired Leeds-based Henderson Insurance Broking Group for an undisclosed sum.
21 December 2017
Insurance industry M&A sees decline in volume counterbalanced by mega-deals M&A activity in the insurance industry has slowed, although large deals aimed at consolidation have sprung up, boosting relative value.
18 December 2017
Synechron launches Accelerator Program for InsurTech solutions Months after launching accelerator programmes for Blockchain and Artificial Intelligence, Synechron has rolled out a similar programme for InsurTech solutions.
22 November 2017
The top five impacts of GDPR on the financial services industry Nathan Snyder, a partner at consulting firm Brickendon, reflects on the top five impacts of GDPR on the financial services industry.
21 November 2017
Insurance companies leverage opportunities offered by disruption Insurance companies are increasingly faced with internal and external disruptions, largely due to new technologies and business models arising.
02 November 2017
Insurance industry has much more on its plate than just Brexit From changing business models and cyber risk to change management, insurers need to look beyond Brexit to the wider challenges facing the industry, as traditional strategies are coming under increasi
31 October 2017
Regulation should not crush innovation in financial services sector The financial services sector should beware that regulation will not crush innovation, warns Tony Clark, managing director of Synechron in London.
25 October 2017
Delta Capita launches Big Data as a Service platform for financial services Delta Capita, a management and consulting firms for the financial services industry, has launched a new Big Data-as-a-Service Platform.
24 October 2017
Oliver Wyman and PwC named insurance consulting firms of the year Reactions Magazine, a global publication for the insurance and reinsurance trade industry, has named Oliver Wyman and PwC consulting firms of the year during its annual awards ceremony.
23 October 2017
Screen, KPMG and Front Consulting partner of Screen Markets In the second week of October 2017 a large conference for professionals in the financial services sector will take place in Amsterdam.
04 October 2017
BearingPoint launches partner programme for ABACUS product suite BearingPoint has launched an international partner programme for its suite of regulatory and risk technology solutions.
15 September 2017
FCA selects Cognizant as partner to transform technology portfolio The Financial Conduct Authority (FCA) has selected Cognizant to support with the enhancement of the efficiency, reliability and scalability of core IT applications.
17 August 2017
Health insurance costs continue to increase globally Private health insurance costs have increased above the rate of inflation, with cancer and diseases of the circulatory system blamed as the main cost drivers.
27 July 2017
Insurance experts launch new risk & compliance consultancy Experts from across the insurance industry have joined forces to launch a new risk and compliance consultancy.
24 July 2017
The five main impacts of 5AMLD regulation for financial institutions Matt Taylor, a Managing Director in the Risk and Compliance wing of Protiviti, reflects on the impact of the Fifth EU AML Directive (5AMLD) and provides tips how organisations can best prepare for th
27 June 2017
MiFID II also impacts investment firms outside of Europe Ricardo Cruz, Senior Consultant at Delta Capita, explores the effects MiFID II will have on the business landscape outside of Europe.
18 May 2017

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