Offshoring
UK-EU Gibraltar Agreement 2026: what it means for the insurance industry
A new draft agreement has prompted questions from insurance groups about whether Gibraltar’s proposed Transaction Tax might change the treatment of insurance services supplied by companies based there. Mark Ellis, a partner at PKF Littlejohn examines the implications.
Editor’s letter: Cash flow underwriting – stupidity over substance?
Having written about insurance for more than 25 years, I have learned that many things related to the sector are cyclical.
News analysis: Why are brokers offshoring to South Africa?
Complete Cover recently became the latest personal lines broker to offshore some of its operations to South Africa. Saxon East explores the attraction for intermediaries in outsourcing to a country over 6000 miles away from the UK
Jersey will not implement Solvency II
Jersey’s Financial Service Commission has issued a statement clarifying that it does not intend to implement Solvency II.
Sean Quinn returns with offshore insurance vehicle
Reports in the Irish press claim that Sean Quinn has acquired a Malta-based insurance licence.
RBSI to cut up to 2,000 jobs
Royal Bank of Scotland Insurance (RBSI) has announced it is to enter a staff consultation period which could affect up to 2,000 roles.
Savings from offshoring swallowed by tax hikes
Insurers that made huge savings by offshoring processes to low-cost locations outside the European Union (EU) will see these savings significantly reversed due to changes in the application of VAT
Viewpoint: It's not over yet
Clare Ryder fears the worst is yet to come for insurers and brokers alike, with 2010 likely to see an increasing pressure on rates, cash reserves and staff, compounded by skyrocketing insurance claims
Insurance offshoring has slowed, says CII
The economic climate has slowed the growth of offshoring in the insurance sector according to a new report by the Chartered Insurance Institute (CII)