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UK: CII TO LAUNCH ONLINE TEST FOR INSURERS

Article Abstract:

An interactive online introductory test is being launched by the Chartered Insurance Institute (CII) for the general insurance industry. An all-in-one online training package will be made available for foundation insurance test (FIT) students, with the Fitness Trainer programme downloaded from the www.ciitt.co.uk training site. A multi-user corporate version is also offered, with the CII aiming to meet market demands for technology-based assessment and learning products. The CII aims to enhance industry standards, with the test providing a base for the minimum insurance knowledge requirements.

Publisher: FT Business
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
Personnel administration

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UK: BUSINESS GROWTH FOR INSURERS AND BANKS

Article Abstract:

A survey of 123 financial services firms for the last quarter by the Confederation of British Industry and PricewaterhouseCoopers showed that business increased for insurers and banks while other sectors, such as finance houses and fund managers, saw a decline in business volumes. Most sectors expect a fall in profitability over the coming three months, but general insurers expect the recent growth of their business to be maintained. The expansion of e-business has been slower than expected, with doubts about security standards being expressed by 31% of those questioned.

Publisher: FT Business
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
Sales, profits & dividends, Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Banks (Finance), PricewaterhouseCoopers L.L.P.

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UK: MAJOR INSURERS HELD BACK FROM GOING ONLINE

Article Abstract:

Major UK insurers are not fully exploiting the Internet due to a combination of product complexity, regulation and legacy issues. The survey by the Association of British Insurers found other barriers such as paper signatures, regulatory restrictions, security risks and the cost of online development. Some 96% of those with a website use it for providing information but less than half use it for direct selling. Only 11% of commercial insurers were writing business online. The use of the Internet was greater in the personal lines and the life insurance sector.

Publisher: FT Business
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2000
General services

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Subjects list: United Kingdom, Insurance
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