Politics
Industry divided over repercussions of rising IPT
The increase in Insurance Premium Tax (IPT) announced in the Government's emergency Budget has met with mixed reactions.
Two FSA heads jump ship following plans to reform
The Financial Services Authority (FSA) has been hit by two senior resignations as the coalition Government announced its plans to reform the regulatory system in the UK.
Emergency Budget 2010: IPT rise will not impact on rate hikes says Bluefin boss
Stuart Reid, chief executive, Bluefin Insurance Services, said the IPT standard rate increase announced by as part of the emergency Budget would be welcomed by many.
Video: will Axa pull out of the UK?
Head of corporate development at the CII, Alasdair Stewart and Incisive Media’s, David Worsfold, join Martin Friel, Insurance Age editor to discuss the big industry news stories of this month.
Aviva chairman joins Cable’s group
The government has confirmed the members of the Business Advisory Group established last month with the remit of acting in an advisory capacity to Vince Cable, Secretary of State, Business, Innovation and Skills.
Video: The future of regulation explained
Expert advice on what to expect from George Osborne's plans for regulation.
IUA calls for adequate regulation
Nick Lowe, director of government affairs at the International Underwriting Association (IUA), said the general insurance industry played "only a small role" in the financial crisis and that consequently there have been few calls for changes to the…
Majority of UK businesses report upturn in trade
UK businesses are starting to emerge from the recession, according to a poll of delegates at Coface UK and Ireland Country Risk Conference.
FSA powers to be cut
Chancellor George Osborne has confirmed that he will give the Bank of England the key role in regulating the UK financial sector, according to reports.
AMII warns Government off IPT increase
Any rise in insurance premium tax (IPT) will severely hit an NHS already under pressure, according to the Association of Medical Insurance Intermediaries (AMII).
PJ Hayman calls for IPT standardisation
PJ Hayman, specialist travel insurance and Schemes provider, has called on the new Government to reassess the level at which Insurance Premium Tax (IPT) is charged on travel insurance.
Business confidence dented by forthcoming Budget
According to latest Economy Watch survey by the Forum of Private Businesses, confidence has been impacted by fears that increases in the Budget culd hit small businesses hard.
Biba calls for freeze on Insurance Premium Tax
The British Insurance Brokers’ Association (Biba) is urging the Government not to increase the 5% rate of Insurance Premium Tax (IPT) on insurance products in its next Budget on 22 June 2010.
Editor's Comment: Brace yourself for the Budget
Gross domestic product figures were revised upwards to 0.3% growth for the first quarter, suggesting that the UK is on its way back to steady growth. Yet, despite politicians sorting out a coalition government in fast-forward compared to many of our…
Viewpoint: Can there be a claims coalition?
With the UK seeing its first coalition government for half a century, are there lessons to be learned for the insurance industry when it comes to collaboration for the collective good?
News Analysis: First cuts unlikely to be the deepest
Chancellor George Osborne wasted little time in announcing £6.2bn of public sector cuts, yet in the uncertain global context it is hard to judge what their impact will be on the UK economy, writes Andrew Tjaardstra.
News review: May
Former insurance broker turned MP, Andrew Stephenson, described being an intermediary under the labour Government as a "nightmare".
News: Biba chief warns Con-Dem leaders of tax hike implications
The chief executive of the British Insurance Brokers' Association (Biba) has called on the new coalition Government to avoid taking the "easy option" of raising taxes to cut the deficit.
Biba news: 'Unbelievable change' afoot
Towergate chief executive, Peter Cullum, has predicted that the UK is set for two years of "unbelievable change" under the new coalition Government with the economy and regulation set to top the agenda.
Biba news: 'Black swans' are no longer 'freak' occurrences, cautions Willis boss
Willis chief executive and chairman, Joe Plumeri, has warned the broking industry that 'freak' occurrences are increasing in frequency and that the industry must adapt to this reality to survive.
FBP welcomes coalition policy pledge
The Forum of Private Business claims thousands of smaller businesses could benefit from measures outlined in the coalition agreement between the Conservative and Liberal Democrat parties published today.
BIBA 2010: Ex-Aviva public affairs head urges Tory colleagues not to scrap IIWG
The former head of public affairs at Aviva and new Conservative MP Tracey Crouch, believes the Insurance Industry Working Group (IIWG) report should not simply be scrapped because of a change of government.
BIBA 2010: Insurers and brokers warned over "cancerous" credit hire issue
Delegates were warned yesterday that if the industry does not address the issue of credit hire, it will get even more “cancerous” and ultimately ruin the insurance industry’s reputation.
BIBA 2010: Galbraith calls on Government to introduce the "right legislation"
The British Insurance Brokers’ Association (Biba) is set to launch a major lobbying campaign to promote the role of the broker to the Liberal-Conservative coalition government.