UK – EMERGING IMPACTS OF A HARDENING MARKET ENVIRONMENT FOR INSURANCE BROKERS As explained in our article, The danger for insurance brokers with the UK Professional Indemnity market, the UK market has been hardening since 2018, which could generate risks for insurance brokers. This situation can be explained by a series of parameters, […]
SPAIN: CGPA EUROPE SHARES ITS VIEWS ON THE PROFESSIONAL INDEMNITY OF EUROPEAN INSURANCE INTERMEDIARIES On October 27th, The General Council of the Colleges of Insurance Intermediaries (El Consejo General de los Colegios de Mediadores de Seguros) and CGPA Europe held an online conference to analyse both the evolution of the professional indemnity of insurance intermediaries […]
CGPA EUROPE ITALY – 7th EDITION OF THE OBSERVATORY: AN OVERVIEW OF THE INSURANCE INTERMEDIATION MARKET On the occasion of the presentation in Italy of the European Observatory on Insurance Intermediaries, CGPA Europe held a videoconference attended by 250 participants. The videoconference particularly focused on the following topics: • Brokerage and communication during the […]
INSURANCE DISTRIBUTION DIRECTIVE WHAT IMPACTS IN THE AFTERMATH OF THE NORMATIVE WAVE? THE VIEWS OF OUR EUROPEAN LAWYERS Italy – David Morganti, Morganti Associati What are the most significant points in the transposition of IDD in your country? The transposition of IDD in Italy will have a wide-ranging impact on the insurance industry, because […]
According to a recent article published by S&P, “Broker lawsuits are inevitable in virus claims war, but their success is not”. The coronavirus pandemic has led to widespread disruption and business closures resulting in substantial financial loss. Many customers have made claims for these losses under their BI insurance policies. For this type of claim, […]
THE DANGER FOR INSURANCE BROKERS WITH THE UK PROFESSIONAL INDEMNITY MARKET Richard Webb is Director at Manchester Underwriting Management (MUM), exclusive partner of CGPA Europe in the United-Kingdom. MUM is a specialty underwriting agency whose current products include Brokers’ Professional Indemnity Insurance, and is a leader on this market. This Professional Indemnity insurance facility, […]
S&P CONFIRMS A- RATING OF CGPA GROUP S&P has recently confirmed CGPA Group’s rating with the award of a Financial Rating of A- (Stable). CGPA Europe benefits from the same rating. The rating agency has notably highlighted CGPA Group’s strengths, such as its “well-established position in professional liability insurance, its sizable capital buffer at the […]
Business interruption insurance test case: the High Court has handed down its judgment in the Financial Conduct Authority’s (FCA). The High Court has delivered its judgment in the Financial Conduct Authority’s (FCA) test case over disputed UK Business Insurance coverage in light of the Covid-19 (coronavirus) pandemic. The Court found in favour of the arguments […]
CGPA EUROPE ITALY AND CESIA: AUTUMN AGENDA 2020 represents a pivotal year for the insurance industry and will mark an important structural change in demand, supply and the way insurance policies are distributed. The violent impact of the global health emergency is the reason why the structure of the Annual Report published by […]
IN SPAIN, CGPA EUROPE UNDERWRITING AND EL CONSEJO GENERAL (GENERAL COUNCIL OF COLLEGES OF INSURANCE INTERMEDIARIES) ENTER INTO A PARTNERSHIP FOR THE PROFESSIONAL INDEMNITY OF INSURANCE AGENTS Thanks to this partnership agreement, CGPA Europe will offer all exclusive agents who are members of El Consejo General the possibility to take out a policy covering their […]