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Driverless Cars Disrupting The Insurance Industry

Driverless cars are expected not only to disrupt the way we drive cars, but also the way in which car insurance is sold. “There is a lot of debate about how [driverless technology] will impact the insurance industry,” said Nick Walker, managing director of RAC Connected Solutions, when Business Reporter spoke to him at Microsoft Future Decoded..

Liberty Specialty Follows Lead Of Hiscox And AIG By Picking Luxembourg For Its EU Base

Liberty Specialty Markets, one of the five largest members of Lloyd’s of London, has picked Luxembourg for its EU base according to reports. Sources told Insurance Insider it had selected Luxembourg, mirroring the selection made by fellow Lloyd’s stalwart Hiscox. However, Liberty Specialty, which is owned by US giant Liberty Mutual, said it is still examining its options..

Europe Industry Set Against Merger Of EU Insurer And Bank Regulators

The European commission is currently debating whether to transfer powers from EIOPA to the European Securities and Markets Authority or to merge EIOPA with the European Banking Authority. Responding to ideas put forward in a European Commission consultation, Insurance Europe said that such moves would not lead to better EU-level supervision or increased convergence but.