The insurance broking model is under threat from data aggregation, increased regulatory costs and competition from emerging markets, according to Willis Group's global placement leader David Martin.
The UK Prudential Regulation Authority (PRA) has explained that the chief actuary should form the "second line of defence" in its impending senior insurance managers regime.
The passage of the Indian insurance bill is set to significantly open up the country's insurance sector, as foreign reinsurers look to establish onshore branches.
UK-based (re)insurers are awaiting further clarification on the proposed diverted profits tax, after Chancellor of the Exchequer George Osborne confirmed the so-called "Google tax" would come into force from 1 April.
