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Expert View
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Over the past 12 months, Aviva has taken significant steps in returning its non-life business to profitability. However, certain factors will hinder its development going forward.
Published By Datamonitor
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01 Jun 2012 |
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Expert View
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Flooding in Australia has affected more than 20 major cities since December 2010, causing an estimated A$1bn worth of damage to date. With its call centers in Brisbane, Toowoomba, and Melton temporarily out of action, insurance group Suncorp's customers found themselves unable to get through to the company, which demonstrates that even insurers need to be better prepared for natural disasters.
Published By Datamonitor
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17 Jan 2011 |
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Expert View
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Reinsurers worldwide are retreating from catastrophe-hit regions, mainly those affected by floods in Asia Pacific. A wetter climate in the UK in the near future could pose a similar risk of reduced reinsurance cover sooner than expected. Therefore, the government needs to look closely into this issue and increase its financial role in the flood insurance sector.
Published By Datamonitor
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09 Jan 2013 |
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Expert View
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The RDR will place a heavy burden on the bancassurance channel as a result of upskilling and the decision to become either independent or restricted in how they offer advice. However, because of their size, banks are in a better position to adapt to the trend towards higher regulatory standards than other distribution channels.
Published By Datamonitor
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07 Nov 2012 |
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CommentWire
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Alistair Darling's latest plan for the Lloyd's market, as unveiled in the 2009 Budget, is to scrap corporation tax on dividends and other distributions received from UK companies, starting from July 1, 2009. This move will undoubtedly enhance the level of competition within the market.
Published By Datamonitor
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23 Apr 2009 |
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