Insurance news in the UK | Page 4

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

Competition for M&A in insurance industry heating up Merger and acquisition activity in the insurance industry is forecasted to rise in 2016, according to a new study by Willis Towers Watson in collaboration with Mergermarket.
17 February 2016
Oxera Consulting: Building affordable flood insurance In Europe, the risk of flooding is projected to increase due to climate change.
15 January 2016
PPPs can improve risk sharing for natural catastrophes Natural catastrophes cause considerable human, environmental and economic losses.
07 January 2016
McKinsey & Company invests in Chinese Ping An Group As part of its involvement in advising Ping An Insurance’s subsidiary Ping An Property, McKinsey & Company has invested an undisclosed amount into the company, which will be partly used for the compa
05 January 2016
Persistent floods cost India billions in uninsured losses The human and economic costs of natural disasters can be considerable.
05 January 2016
Arthur J. Gallagher & Co. acquires Centennial Insurance Arthur J. Gallagher & Co. has acquired US West based Centennial Insurance Agency for an undisclosed sum as part of inorganic expansion in the US.
23 December 2015
Infosys launches FinTech and services centres in Ireland The FinTech industry in Ireland, already running hot from a wide range of government policies and investor interest, is set to gain another boost.
18 December 2015
Arthur J. Gallagher buys insurance broker in New Zealand Insurance broker Reid Manson, situated in the central district of New Zealand’s South Island, has been acquired by the New Zealand subsidiary of Arthur J. Gallagher & Co, Crombie Lockwood.
18 December 2015
Towers Watson: UK car insurance premiums on the rise Car insurance premiums for private vehicles are again on the increase, with the most recent quarter seeing a 4.8% (£29) increase to £629. Towers Watson, crunching numbers from Confused.
08 December 2015
Indian insurers spend 2.1 billion on IT and technology The IT budgets of Indian insurance companies for 2016 is heading towards $2.11 billion, as they spend more on IT products and services, research by Gartner shows.
19 November 2015
Guy Carpenter launches risk management platform Insuring risks has been part of business for millennia and many of the world’s assets are insured against calamities. Yet underwriting risk has not always been straight forward.
10 November 2015
BearingPoint, Capco & Deloitte EURO FINANCE partner From November 16-20 the EURO FINANCE WEEK takes place in Frankfurt.
29 October 2015
Marsh: Premium for cybercrime Insurance on the rise The cyber security insurance industry is seeing increased demand as more and more high profile cyber-attacks are embroiling companies in controversy and costing them millions of dollars.
27 October 2015
Synechron opens digital innovation center in Dubai Synechron has opened a digital innovation centre in the Middle East.
20 October 2015
Mercer launches benefit engagement tool Harmonise Mercer has launched a tool that aims to help employees better manage their retirement and health goals. Engagement among workers remains low, as do retirement aims.
24 September 2015
EY becomes the first Big4 member of Innovate Finance EY is the first of the Big Four to become a member of the Innovate Finance, an organisation whose aim it is to advance UK based FinTech. EY will help member companies to accelerate their growth and FinTech offerings, as well as helping larger resea
31 August 2015
Collaborative ventures on the rise in financial services industry A curious cultural shift is taking place when it comes to problem-solving in the financial services industry, writes Joe Channer, CEO of consulting firm Delta Capita.
18 August 2015
EY launches Global Innovation Centre in Madrid, Spain Professional services firm EY has opened a Global Innovation Centre in Madrid, Spain.
28 July 2015
Right incentive system crucial for Financial Services Complexity is in the nature of the financial services beast, however, with the right incentives, it can be managed. New rules around bonuses, according to Oliver Wyman, may have the opposite of their intended effect, incentivising generalised centr
21 July 2015
Capgemini: Fixing the insurance industry with Big Data Insurance companies, which face decreasing levels of customer satisfaction and increased competition from non-traditional insurers, should leverage Big Data to regain their piece of the pie, research
02 July 2015
PwC: Financial services unattractive for young females Female millennials are less inclined to join the financial services industry as they feel this sector lacks in diversity, something that is high on their wish-list when it comes to choosing an employer, research by PwC shows. According to the firm,
29 June 2015
BearingPoint: The adaptive insurer is the flexible insurer To break through the traditional conservatism of the insurance industry, 84% of insurers that have greatly outperformed the competition did so through the adoption of adaptive business models, find a
29 June 2015
Marsh acquires Leeds-based SME Insurance Services Global insurance broking and risk management consulting firm Marsh has reached a definitive agreement to acquire specialist commercial insurance company SME Insurance Services, boosting its commercial insurance offering. The terms of the transactio
17 June 2015
Accenture: 5 digital trends redefining insurance firms The insurance industry is set to be reshaped by 5 digital trends, research by Accenture shows. For insurance companies to profit from the digitalisation, only adopting digital technologies will not be enough. According to the firm, insurance compan
01 June 2015
Infosys: Insurers must focus digital efforts on clients Insurers should focus their digital investment more on their customer experience in order to drive their wanted business growth, research by Infosys shows. With the customer more and more in control, insurance companies should adapt to this, making
14 May 2015
4 tips for insurance firms to embrace digital media In the coming years the insurance industry is set to be transformed by the digital revolution and the Internet of Things.
16 April 2015
Capgemini: Insurers struggle to please Generation Y Insurers are struggling worldwide with declining positive customer experience ratings, research by Capgemini and Efma shows. They are especially experiencing trouble to keep up with the increasing digital demands of Generation Y. To reverse the dec
09 March 2015
Trustees of Standard Life hire Barnett Waddingham The independent trustee of Standard Life Investments has hired Barnett Waddingham to provide investment consultancy services to the trustees of two large plans, with combined assets of $4.5 billion. With the appointment of the UK-based a
26 January 2015
Oliver Wyman: Fix industry, not women, for diversity The number of female senior roles is the lowest in the financial services industry, with women less than half as likely as men to progress from a mid-level to a senior level position, concludes consu
05 January 2015
Financial services quarter of global consulting industry The global financial services consulting market grew by more than 7% last year, to a value of nearly $24 billion, which amounts to 26% of the entire industry.
29 December 2014
Oliver Wyman: Men dominate ExCos of financial services Despite substantial diversity efforts in the financial services industry, the top of the sector remains a male dominated world, reveals a research by Oliver Wyman.
08 December 2014
Towers Watson: M&A in insurance technology to rise M&A in insurance technology is expected to increase as insurance firms place a bigger importance on product and distribution technology capabilities, concludes consulting firm Towers Watson. The increased emphasis on modern technology is the re
04 December 2014

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