The boards of insurance companies have still not implemented a fully effective risk culture in their organisations despite significant investment since the financial crisis of 2008.

Uncertainty around what the incoming Financial Conduct Authority (FCA) wants from the broking industry is causing the greatest concern in the market and greater clarity must be given before damage is done.

RBS is set to follow Lloyds Bank's example and put more money into its payment protection insurance (PPI) compensation fund, according to reports.

Consumer groups, the regulator, banks and credit card providers are to come together to cut claims management companies (CMCs) out of the payment protection insurance (PPI) compensation process.

Mondial Assistance UK has announced that it will rebrand to Allianz Global Assistance in October this year as it embarks on a new foray into the health sector.

The Financial Services Compensation Scheme (FSCS) spent nearly £400m on management expenses in the 2010/11 year as it took in nearly £1bn in levies and paid out over £535m in compensation.

Groupama is to sell its UK operation as the French insurer scrabbles to raise funds to shore up its EU debt position.

The British Insurance Brokers' Association (Biba) should be the trade body for all forms of intermediation and not limit itself to brokers according to its new chairman, Andy Homer.

Brokers have been warned to ensure that proper internal controls are in place to tackle a rise in simple but potentially business-threatening fraud.

Aviva has confirmed the prospect of long-expected job losses in its Irish operation with the announcement that 770 jobs are set to go from Aviva Ireland.