Groupama Insurance's pre-tax profits fell 20% between 2008 and 2007, although its insurance revenues...
Groupama Insurance's pre-tax profits fell 20% between 2008 and 2007, although its insurance revenues increased by 6%. The provider said that it had experienced its sixth year of profitability but conceded that its pre-tax profits had fallen from £23.1m for 2007 to £18.5m for 2008. Francois-Xavier Boisseau, chief executive officer of Groupama Insurances, said that the company had put in a very solid performance against an "absolutely extraordinary" economic environment and "very challenging" market conditions.
The news that the ABI and British Medical Association (BMA) agreement on GP report (GPR) fees has broken down will usher in a period of uncertainty.
Lack of innovation investment in the UK insurance market has been highlighted by recognition of RGA's work in the US.
Protection business in 2012 and 2013 will be affected by events this year and some fundamental changes to the way customers policies are priced into the next. Richard Verdin explains.
Employee assistance programmes are in the spotlight due to a schizophrenic approach by government. But as Sue Weir points out, they are backed by solid research.
How will people buy insurance in future? Greg Becker visits the US for developments in online distribution.