ACCOUNTING and professional services giant PWC last night toasted $35.9bn (£27.9bn) in global revenues in its latest year to 30 June. The tally represents a 1.5 per cent increase on the same period last year and close to 7.5 per cent growth at constant exchange rates. However, that revenue growth has slowed from the 9.9 […]

The London insurance market plans to test its response this month to a major catastrophe on the scale of the 9/11 attacks, the chairman of insurer Hiscox (HSX.L) said on Tuesday. While insurers have coped with regular hurricanes, earthquakes and terrorist attacks in recent years, the industry feels there is a need to test how […]

For a long time, the fintech start-up scene took little interest in the seemingly sleepy world of insurance. Payments, foreign exchange and peer-to-peer lending grabbed the headlines, plus the funding. But over the past couple of years, all that has changed. Insurtech — or instech — is now attracting entrepreneurs and the investors that back them. “Quite […]

Big data use can prove problematic for employers and insurers who use it to provide aggregated data for insurance policies, Paul Avis has said. The marketing director for Canada Life Group Insurance said the use of big data for group risk and health insurance could be beneficial but there were dangers in its application. Mr […]

As an essential part of any job hunt, interviews are often seen as the perfect opportunity to put your best foot forward and show your skills. But in reality it’s usually the time you find yourself most on edge. As nerves begin to set in, it’s easy to become distracted by the interviewer’s rapid note-taking […]

Building on the success of our inaugural Influential Women in Re/insurance in 2015, this updated and more comprehensive report now features more than 160 female executives excelling in and changing the risk transfer industry. This piece of research proves that what was once a very much male-dominated industry is changing quickly and for the better. […]

Former Aviva UK life chief executive David Barral has joined Old Mutual Wealth to oversee a new committee that reviews the company’s relationship with customers. Barral (pictured) will be independent customer champion to the Customer Outcomes Forum. The forum has been established by Old Mutual Wealth head of distribution Richard Freeman. It will meet monthly to assess how changes to Old Mutual’s products or businesses […]

KPMG KPMG has appointed Paul Martin as UK head of retail. Paul will succeed David McCorquodale who has led KPMG’s retail practice in the UK since November 2012 and will be retiring at the end of April 2017 after 32 years with the firm. Paul is managing director of KPMG Boxwood and was formerly managing […]

Aviva CEO Mark Wilson sits down with Bloomberg’s Francine Lacqua on the latest episode of “Leaders with Lacqua.” They talk about the low-interest-rate environment, the insurance industry, and his leadership style. Watch here

Phoenix Group Holdings said it’s buying Deutsche Bank AG’s U.K. insurance unit Abbey Life Assurance Co. for 935 million pounds ($1.2 billion). The U.K. consolidator of closed-life insurance businesses said it will fund the deal with a share sale along with a banking facility, according to a statement Wednesday. The German lender said it will […]