KPMG
KPMG Comments on PRA’s Toughened Stance on Insurance Run-Off Mechanism
The Prudential Regulatory Authority (PRA) issued a draft supervisory statement (the Statement) earlier this week regarding Schemes of Arrangement for general insurance firms (Schemes)...
KPMG : new accounting proposals would result in a new world for insurance
KPMG welcomes the revised proposals on insurance accounting published by the IASB.
“The new accounting model for insurance contracts proposed by the IASB would introduce...
Insurance impact study report proposals may not be mutually satisfactory to all
KPMG has concerns as to whether the recommendations from the long-term guarantees assessment impact study will be mutually satisfactory to all parties, and hence...
KPMG : calls for clear roadmap to implementation following latest Solvency II delay
The European Parliament plenary meeting to consider, and hopefully approve, the Omnibus 2 amendments to the Solvency II directive has been moved back from...
KPMG : impact study may not end Solvency II delays
KPMG has warned that the insurance industry could face further delays to the Solvency II timeline after the launch of today’s long-term guarantees assessment...
ABI : UK boards making progress in Diversity and Evaluation
UK boardrooms are making clear progress on diversity and the use of external evaluation but need to do more on disclosing their approach to...
Business Bermuda attends EuroHedge Summit in Paris
Business Bermuda, an organisation working with Bermuda-resident companies and government to develop and promote Bermuda internationally as the jurisdiction of choice, led a business...
KPMG : UK life insurers on track for Solvency II but still under pressure
UK life insurers are on track to meet Solvency II requirements yet remain under pressure due to a lack of clarity about the final...
Zurich UK discloses loss of data tape with customer information
The UK branch of Zurich Insurance plc (“Zurich UK”) announced today, that it has written to Zurich Private Clients, Zurich Special Risks and...
Swiss insurer Zurich loses 51,000 British customers data
Zurich Financial Services said it had called in auditors KPMG to investigate after details of 51,000 British customers were lost at a data storage...
UK non-life run-off market increases by a third
Total liabilities of the UK non-life run-off market increased by approximately 30% to an estimated £37.4bn in 2008, up from £28.3bn in 2007. This...
