Index throws new light on UK car insurance market
We are pleased to announce the launch of the Confused.com/EMB Car Insurance Price Index, a new quarterly index tracking motor insurance prices in what is now the leading channel for selling car insurance in the UK, comparison sites.
The index is based on an analysis of over 12 million quotes for comprehensive cover and almost a billion prices from Confused.com since the end of 2006. This gives an unprecedented level of detail on what is going on in the market as a whole, and the ability to drill down reliably into specific subsets, such as age, gender and geography. The first edition tracks price trends from the end of 2006 through to the end of 2009.
To read the full press release click here
To register for a copy of the summary analysis click here
EMB study reveals 62% increase in Solvency II capital requirements
UK non-life insurers face an average solvency capital requirement (SCR) increase of 62% compared to the Solvency II QIS4 standard formula level, as a result of changes proposed to the implementation measures for the European regulatory standard over the past six months. This equates, on a conservative basis, to an additional €15 billion of capital that insurers across the non-life industry will have to find. More
New Viewpoint magazine published
EMB has launched a new industry-focused magazine for insurance professionals. Offering insight and opinion on key industry issues, this magazine could help you determine best practice and the ‘way ahead’ for a range of different issues. More.gif)
Government Policy Statement heralds restrictions in use of age in insurance
A Policy Statement on the proposed Equality Bill, published by the Government Equalities Office (GEO), shows that it intends to draft legislation that will require insurers to set rates which are proportionate to industry-wide risk and cost data. Duncan Anderson discusses this requirement. More
Motor insurer results even worse than feared in 2009
Companies are urged to review their strategy as personal injury claims mount and reserves dwindle. EMB predicts that combined operating ratios for the private and commercial motor insurance market in 2009 are set to exceed 115%. More
New EMB Igloo courses now available
We are pleased to announce a new set of EMB Igloo courses for Spring 2010. As ever, we offer comprehensive training courses for all levels of experience and seniority. We offer public courses but can also hold private courses that are tailored to you and your needs, held in your offices if desired. More