The Insurance Research Letter

Transcription

1 Editor s Note Index 2014 Mexico A Comparison of Mexican and U.S. Boiler & machinery Forms Europe Regional Commentary (United Kingdom) A new broker body has been established to answer a perceived need of a code of conduct for the profession. Special Report Cooperation and Conflict: The Ambivalence of the Risk Manager-Broker Relationship A New Look and More Coming A Word about the Harold Hines Series of Special Reports Standardized Testing for International Professionals Tired Terminology Crystal Ball Ask ISN RIMS: Denver The Back Page has Some New Features Who is Liable? Did You Know? Ask ISN RIMS: Denver RIMS Denver 2014 Ask ISN Argentina Positive Outlook of Reinsurance Brokers United States Looking behind the curtain Portal Launched to Help Brokers & Insurers Manage New IRS Requirements

2 Special Report A European Perspective of the Ukrainian Reinsurance Market Sky High in Chicago Willis Tower Scare Corrections, Amendments & Corrections Reinsurance in Argentina: Third Renewal Season under New Rules U.S.: The Problem of Relationship Inertia with the Reinsurance Broker Regional Commentary (United Kingdom) / Low level of broker satisfaction of UK mid-market claims performance Brokers Turn to Celebrity Producers Aviation Tragedies and Insurance Coverage Guest Comment Usage-based Insurance New website coming Stories we are working on A new ISN website launch around the corner Read all about it! Here s hoping Mr. Greenberg prevails Greenberg challenge to US bailout of AIG opens today with Greenberg and other stakeholders standing to win up to $40bn s show Fed uncertainty about AIG bailout while regulators were concerned about potential shareholder action Exciting New Website Launches! The Starr/ AIG Trial Saga continues The Back Page new content New website Africa Nigeria Including Nigerian Based Risks in a Multinational Insurance Program A Risk Manager s Guide

3 Republic of South Africa Environmental Damage High on List of Executive Liability Americas Regional Commentary (Brazil) Brazilian Market Upbeat in the Face of Elections Argentina Road Hijacking: Politically Correct in Argentina Insurers: Lower Profits and Higher Expenses after Abrupt Devaluation Insurance Lawyers Examine the Present Legal Environment Insurance Department Increases Investment Limits Moody s: New Investment Requirements will limit Insurers Liquidity and Quality Forty-five Percent Underinsurance in Industrial Policies Written in Pesos Argentine Market Grew 19.5 Percent Reaching USD 7.37 Billion in Premiums Increased Loss Ratios Offset by Excellent Financial Results Liberty Mutual Withdraws Completely from Argentina with Sale Positive Outlook of Reinsurance Brokers Reinsurance in Argentina: Third Renewal Season under New Rules Changes in Reinsurance Regulations New Regulations for Reinsurance Payments Top Ten Insurers Bermuda The Original Captive Domicile Continues to Thrive Brazil Changing Landscape for D&O in Brazil Brazil is Attractive for Those Working for the Long Term Mandatory Audits Required as from 2015 The Brazilian Insurance Market, on the Growth Path Bolivia Insurance Market Stronger

4 Ecuador Over 30 Reinsurers Will Bid for the PetroEcuador Program El Salvador Premium Income Up 7.42 Percent in 2013 Latin America IT: Insurers Will Invest Up To USD 9.6 Billion Aspen Opens U.S. Rep Office to Handle Growing Latin America Energy Sector Reinsurance in LatAm: Still Room for Development Mexico Boiler & Machinery Breakdown Coverage in Mexico Insurance Market Figures OECD: Up To 60 Percent of Buildings at Earthquake Risk Mexico s Insurance Market Does the corporate risk manager know? United States SafelyFiled: A Unique Safety Net FIO Releases Its Long-awaited Report Mandated by Dodd-Frank How Much EPL Insurance Should Your Clients Buy? Beware of Fee Shifting A Dangerous Misunderstanding on the Reinsurance Broker s Role CGL Policies Be Unresponsive To Claims Arising Out Of Computer Hacking Understanding The Insurance Agent s Duties As International Business Activity Heats Up, So Do Supply Chain Fears Looking behind the curtain Portal Launched to Help Brokers & Insurers Manage New IRS Requirements The Problem of Relationship Inertia with the Reinsurance Broker Addressing the arbitrary in Subrogation Arbitration Commercial P/C Pricing Continues Slide in Q2 Are Your Separation Agreements Unlawful? Reinsurance Association of America Releases Six-Month 2014 Underwriting Results Complying with the Cooperation Clause without Compromising Privilege

5 Venezuela Reinsurance Treaty Conditions Must Be Agreed in Advance Europe / Russia Regional Commentary New Broker Code of Conduct Body Established (United Kingdom) Flood Re: the cart before the horse? (UK) Platforms & Hubs (UK) Mr. Putin, take note (UK) Solvency II Update the clock is ticking (UK) Regional Commentary (Romania and Eastern Europe) Insurers in the UK under scrutiny from the Bank of England (UK) Low level of broker satisfaction of UK mid-market claims performance (UK) International Trade Sanctions Top UK Regulatory Issues (UK) Commercial insurance contracts in the UK to change (UK) To few far-sighted leaders (UK) Energy Market Benefits Most from Excess Reinsurance Capacity UK) Concessions see Pool Re members accepting changes (UK) Belgium FERMA Agrees Plan for European Certification of Risk Managers Croatia Tax Authorities Confirm Premium Taxes for FoS Insurers Germany / United Kingdom Lloyd s is Very Keen to maintain its Access to European Markets Iceland Abolition of Stamp Duty on Insurance Contracts Netherlands Dutch Insurers Association Coordinates 150 Car Crash

6 Russia Russia Extends its Insurance Coverage for Space Launches The Local Market Expected to Increase by 9% Until the End of 2014 Russian Insurers Profitability Still in Decline after a Stagnant First Half United Kingdom Small Business Insurance Coverage in the UK and the US British Regulators to Cut Red Tape for Insurers Moving to the UK The Queen Visits Lloyd s to Celebrate the Market s 325th Anniversary Securing London s Competitive Position Lloyd s Is Not Expecting A Repeat of 2013 Profit International Adjusting conference faces up to the communications challenge when dealing with catastrophe claims IFAA Educational Conference: regulation and culture Jardine Lloyd Thompson Group s expansion of its U.S. specialty capabilities and merger of JLT Specialty and Lloyd & Partners Political Violence Update IUA Compliance Burdens at Marine Insurance Conference CII to expand Broker Academy courses by 20% IUA Organizes New Cyber Risk Group Australia/ Oceania Regional Commentary Is the reinsurance market over capitalized or under risked? (Australia) About the Lloyd s market (Australia) Australia Weaker Growth Prospects for Australian Insurers in 2014 Cyber liability threatens all businesses Workers Compensation insurance in Australia China Risk Management Issues in China Sourcing New Measures on Administration of Acquisitions and mergers of Insurance Companies

7 Hong Kong Measures to Attract Captive Insurers to be Established in Hong Kong India India Clarifies Foreign Investment Rule for Insurance Companies D&O Insurance Sees Growing Demand Vietnam Vietnam Insurance Market Overview Special Reports Cooperation and Conflict: The Ambivalence of the Risk Manager-Broker Relationship Insurance Competition: From Separation to Convergence Convergence and Bank Involvement Stimulate Insurance Industry Debate A European Perspective of the Ukrainian Reinsurance Market Solar storms and their impacts on power grids: what consequences for (re)insurers? Property & Casualty and Employee Benefits Combined International Insurance Management Programme Course Agenda Coverage Placement and Its Consequences Coverage Options and Potential Consequential Claim Situations in Countries Where Non- Admitted Coverage is Illegal