About: insurance industry

Economy & Jobs 17-07-2017

Global cyber-attacks could spur $53 billion in losses

A major, global cyber-attack could trigger an average of $53 billion (€46.30) of economic losses, a figure on par with a catastrophic natural disaster such as US Superstorm Sandy in 2012, Lloyd's of London said in a report today (17 July).

Economy & Jobs 04-07-2017

Regulating finance: What future for Europe after the US elections?

Efforts to strengthen risk management in the banking and insurance sector were stepped up in the wake of the 2008 financial crash.

Brexit 22-06-2016

CFA Institute boss: ‘Brexit isn’t going to happen’

Institutional investors, like insurers and pension funds, are increasingly turning to long-term investments, according to Paul Smith, the head of the CFA Institute. Smith told EURACTIV.com he is “very” optimistic about Europe, saying be believes Britain will not leave the EU.

Digital 10-06-2016

EU considers new insurance laws for driverless cars

The European Commission is trying to figure out whether insurance laws should be changed to cover crashes caused by driverless cars. With no human in control of the cars, insurance companies are already rethinking who will be liable for the new technology.

Digital 06-06-2016

New EU digital laws could boost specialised cybersecurity insurance

Newly passed EU laws on data protection and cybersecurity could be a boon for insurance companies, which are set to pick up more clients once the rules go into effect in 2018.

Digital 21-01-2016

Bank chief: The end of cash could happen within a decade

Cash could become history within a decade, thanks to new financial instruments, including virtual currencies, some of the world's leading bankers said during the World Economic Forum on Wednesday (20 January).

Brexit 29-05-2015

Brexit could hit London insurance market

A British exit from the European Union could hit London insurers' ability to sell policies in Europe and may deter overseas players from opening London offices, a trade body said on Friday.

Digital 22-04-2015

European insurers’ global reach challenged by cyber threat

SPECIAL REPORT / Europe plays a leading role in the global insurance business. But maintaining this position will depend on its ability to respond to emerging threats in the digital economy, analysts warn.

Euro & Finance 21-04-2015

Consumers lukewarm on cross-border finance, insurance

SPECIAL REPORT / A key problem facing policymakers and industry analysts looking to the provision of cross-border services in finance is the level of consumer demand.

[aranjuez1404/Flickr]
Euro & Finance 20-04-2015

EU insurance sector strong but still fragmented

SPECIAL REPORT / With trillions of assets under management, the insurance sector remains a mainstay of the European financial industry. But insurance services are less frequently offered across borders, adding unnecessary costs to consumers, critics say.

Assured
Brexit 16-12-2014

Insurance sector faces consolidation with new EU rules a year away

New, stricter capital rules for Europe's insurers could spur takeovers and consolidation next year among the region's 5,000 insurers, after recent stress tests showed nearly one in seven would fail them, analysts and industry executives said.

Euro & Finance 19-11-2014

Hill wants telecoms lessons applied to retail financial services

The European Union should open up retail financial services to more competition to bring lower prices for consumers who will also then see how EU membership can produce tangible benefits, the bloc's new financial chief said on Tuesday (18 November).

[TaxRebate.org.uk/Flickr]
Euro & Finance 05-09-2014

Insurance companies push forward with European investment

Investment by insurance companies in Europe grew by 3.2% in 2013. However, the sector fears that long-term investments may be adversely affected when tighter prudential regulations come into force in 2016.

Euro & Finance 30-04-2013

UK seeks tougher insurance rules despite possible EU challenge

Britain intends to implement a tougher version of EU rules on capital adequacy for its own insurers, even at the risk of a legal challenge, a top regulator has said.

Euro & Finance 08-10-2012

EU watchdog slams deadlocked talks on insurer rules

The European Union's powerful insurance watchdog EIOPA has blasted stagnant political talks to finalise new risk capital rules for the insurance sector, saying the delay was undermining EU credibility internationally.

Euro & Finance 18-03-2010

EU insurers pass financial stress tests

Europe's insurers are able to withstand even a major financial crisis, an EU insurance watchdog has said, boosting industry hopes for less burdensome regulation.

Euro & Finance 23-04-2009

EU assembly adopts rules to cut insurance risks

The European Parliament adopted new rules yesterday (22 April) to cut risk in the insurance sector and better protect policyholders.

Euro & Finance 26-03-2009

EU nears final deal on insurance reform

The European Union is edging closer to a final deal to streamline regulation in the EU insurance sector and make the bloc's multi-trillion market safer and more efficient, said EU officials yesterday (25 March).

Euro & Finance 02-12-2008

Finance ministers to shelve insurance group supervision

EU finance ministers will put the idea of group supervision of the insurance sector on ice at today's (2 December) monthly meeting in Brussels, despite many commitments to improve the financial control of multinationals.

Euro & Finance 08-10-2008

MEPs give green light to Solvency II

Members of the Parliament's Economic Affairs Committee yesterday (7 October) reached agreement on draft rules aimed at overhauling the EU insurance landscape. The current financial crisis has underlined the importance of reforming the sector, but finance ministers remain strongly divided over the issue.

Euro & Finance 17-09-2008

EU pushes for Solvency II as turmoil hits insurers

As the financial turmoil begins to spread to insurers, with the giant American International Group (AIG) in deep trouble, the European Commission is pushing for a rapid agreement to be struck in long-standing negotiations over Solvency II, the set of rules aimed at changing the EU insurance landscape.

Euro & Finance 07-03-2008

Insurance: Watchdogs assess risks of ‘Solvency II’

Supervisors have raised concerns about the potentially higher financial risks derived from the reform of the insurance sector proposed by the Commission with its 'Solvency II' package.

Euro & Finance 26-09-2007

Insurance sector under EU antitrust scrutiny

The European Commission's antitrust department, led by Neelie Kroes, is getting 'serious' about practices in the insurance sector, which it says may run counter to EU rules, especially regarding reinsurance, coinsurances and insurance brokerage by intermediaries.

Euro & Finance 11-07-2007

EU insurance sector overhaul to trigger merger and acquisition activity

The Commission unveiled its proposed Solvency II directive on 10 July, introducing a major reform of the supervisory framework for the insurance and reinsurance industries. The proposal was welcomed by large industry players who see it as an opportunity to expand their activities in other European states.