Postcards from the edge
Earlier this year, Allianz Insurance UK chief executive officer Andrew Torrance said the 'reserve release holiday' was coming to an end, while Deloitte revealed that insurers made record reserve releases of £800m from the prior year's claim reserves to shore up the losses. This power hour will discuss the potential impact of this trend on the market
Colin: We have been here before, several times. Every time, we reach a point where something has to be done and we watch each other like hawks, to see who is first to move and the first to take a bold step. Each time, we make a statement regarding the vanity of size and forget the sanity of profit - when will this change?
Dennis: I agree that we have been here before and we will no doubt be here again.
Colin: There is pressure from customers, as in any industry, but the insurance sector seems to
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