Archive

Consumer Duty has become a burden for insurers... but in a good way

The Consumer Duty rules have reshaped the UK's conduct regulation by demanding insurers place customers' needs first. While still seen as a burden, it has been is welcomed as a step towards better outcomes for all. Joshua Geer reports

Singapore's lawmakers face fresh fire over blocked Income Insurance deal with Allianz

Income's capital reduction in 2023 was put under microscope in parliament this week

Spain's crop insurers add to claims staff, and make donations, to help flood-hit farmers

More than 10,000 farmers affected by October storms

Allianz to acquire Swiss Re's iptiQ European business

Spain's floods come after unprofitable year for country's property insurers

Climate change's impact was cited as a factor impacting the Spanish market

Allianz snaps up non-life business from Baloise

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UK's conduct regulator responds to insurers' "data overload" frustrations

Financial Conduct Authority's Cheryl Ng said more work needs to be done

Singapore government given more power to restrict cooperative M&A deals

Singapore government spells out why it rejected Allianz and Income Insurance deal

Proposed capital extraction at heart of yesterday's denial, minister explains