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Markerstudy capacity owner QIC sees profit fall

Wed, 25 Apr 2018 11:11:58 +0100

Markerstudy capacity owner, Qatar Insurance Company, has reported a 24% fall in profits.



Civil Liability Bill gets second reading in Lords

Wed, 25 Apr 2018 11:10:24 +0100

Peers in the House of Lords examined the Civil Liability Bill yesterday in the Bill's second reading.



Allianz to complete squeeze out and delist of Euler Hermes

Wed, 25 Apr 2018 10:35:22 +0100

Allianz is set to squeeze out remaining shareholders of Euler Hermes delist the trade credit insurer from the Paris stock exchange on Friday.



Interview: Edmund Dilger, Policy Castle

Wed, 25 Apr 2018 06:00:00 +0100

Digital household insurance broker Policy Castle is on the hunt for funding as it looks towards partnering with high street brokers and large insurers.



State of the Broker Nation 2018: Probing broking

Wed, 25 Apr 2018 06:00:00 +0100

Michèle Bacchus spoke to brokers to find out their thoughts on regulation, their trade body and their opinion of the UK insurance market



Post-Grenfell research lays bare fire safety test failures

Wed, 25 Apr 2018 00:01:00 +0100

Research conducted on behalf of the insurance industry in the wake of the Grenfell Tower fire has exposed the scale of fire safety testing failures.



The ABI credit hire GTA needs to better reflect today's vehicle technology

Tue, 24 Apr 2018 10:35:20 +0100

Insurers and credit hire organisations need to work together to create a new general terms of agreement to better reflect today’s engines. That is the view of Europcar UK business development director James Roberts, who adds all parties will benefit if a gap can be bridged between the Association of British Insurers and today’s motoring technology.



Lloyd’s starts hiring for Brussels subsidiary

Tue, 24 Apr 2018 10:31:09 +0100

Lloyd’s has started hiring staff for its Brussels subsidiary.



Roundtable: Where next for personal injury reform?

Tue, 24 Apr 2018 06:00:00 +0100

Discount rate and whiplash reforms are going through parliament. Will the outcome be beneficial to all?



Personal injury motor claims hit near decade low, government figures show

Mon, 23 Apr 2018 13:51:42 +0100

The number of personal injury motor insurance claims has fallen to the lowest level in nine years, government figures published today reveal.



Lloyd's appoints partners on insurtech lab

Mon, 23 Apr 2018 10:33:43 +0100

Lloyd’s has appointed insurtech specialist L Marks and The Boston Consulting Group to support the set up and operation of its Innovation Lab.



GBGI profit takes a nose dive in 2017

Mon, 23 Apr 2018 10:19:24 +0100

GBGI has reported a sharp decrease in its pre-tax profits during the year 2017, which fell from $11.2 million in 2016 to $3.6 million in 2017.



Lust for trust: can public trust be restored in insurance?

Mon, 23 Apr 2018 06:00:00 +0100

Nick Marson, founder of Parallel Mind, talks to commentators from across the insurance market to garner their views of how the insurance market can respond with one collective voice to meet the challenge of restoring public trust



Campaigners call for ONS to collate motor data for policymakers

Fri, 20 Apr 2018 14:20:11 +0100

Exclusive: Campaigners have called for the Office of National Statistics to collate motor insurance statistics for use in parliament.



This week: Proceedings and premiums

Fri, 20 Apr 2018 10:41:22 +0100

This week the UK has been focused on court cases and Inquiries.



My other life: Mark Murray, Allianz Insurance, Countdown champion

Fri, 20 Apr 2018 06:00:00 +0100

When not working as a credit controller at Allianz Insurance Mark Murray is a champion of the TV quiz show Countdown



AIG moves European business to new UK and Luxembourg units

Thu, 19 Apr 2018 16:00:20 +0100

AIG has established new insurance companies in the UK and Luxembourg in order to ensure continuity of business after Brexit.



Konsileo to offer 'bespoke' customer data for underwriting

Thu, 19 Apr 2018 15:31:34 +0100

Konsileo said its service will improve the claims process for insurers by providing underwriters more insight into risks.



Generali to sell Belgium business for €540m

Thu, 19 Apr 2018 14:46:33 +0100

Italy’s largest insurer Generali is to sell its Belgium-based subsidiary to Bermuda-based Athora Holdings for €540m (£469.5m).



Blog: Insurers should cover recyclables price volatility

Thu, 19 Apr 2018 06:00:00 +0100

The reluctance of current players in the waste sector to manage recyclables price risk presents opportunities for the insurance sector, explains Surabhin Chackiath, waste and resource management consultant at SLR Consulting.



Brexit sends Anglo-American trade deal into disarray

Wed, 18 Apr 2018 12:58:38 +0100

The uncertainty surrounding Britain’s departure from the European Union has sent the prospect of a possible Anglo-American trade deal into question, the Lloyd’s market has heard.



Interview: Varun Dua, Acko

Wed, 18 Apr 2018 11:29:43 +0100

When Post published its top 100 Insurtech firms at the start of the month, eyebrows were raised by the inclusion of Indian digital insurer Acko at number two. To find out more about this start-up, Jonathan Swift spoke to its CEO and founder Varun Dua.



Ex-AA boss Mackenzie sues group for £255m

Wed, 18 Apr 2018 10:25:55 +0100

Ex-AA CEO Bob Mackenzie has filed a claim seeking £225m in damages from the group.



Motor premiums have already started to fall: Fitch

Wed, 18 Apr 2018 08:29:47 +0100

Insurers have already started to reduce motor premiums ahead of the government’s proposed whiplash and discount rate reforms.



Blog: Time to talk about psychological rehab 

Wed, 18 Apr 2018 06:00:00 +0100

Insurers must embrace psychological rehabilitation in the same way that they have physical, explains Jonny Cook, founder and chairman of Corporé.



Ex-Das CEO Paul Asplin stands trial for fraud

Tue, 17 Apr 2018 18:14:02 +0100

Ex-DAS CEO Paul Asplin is alleged to have defrauded the insurer while he was CEO by encouraging contracts with companies he had an undeclared interest in, Southwark Crown Court heard today (17/4/2018).



Axa enters capacity deal with Gresham Underwriting

Tue, 17 Apr 2018 09:48:43 +0100

Axa has entered into a £20m three-year capacity deal with Gresham Underwriting, the managing general agent arm of Tasker Insurance Group.



Axa's Bertrand Poupart-Lafarge on why inclusion must not be to the detriment of the majority

Tue, 17 Apr 2018 06:00:00 +0100

Diversity and inclusion efforts must not be seen as something that is only for people from minority groups, explains Bertrand Poupart-Lafarge, chief financial officer and executive sponsor for diversity and Inclusion at Axa UK.



Business leaders ‘turning their backs on Europe’

Mon, 16 Apr 2018 12:04:21 +0100

UK business leaders have turned their backs on Europe as political uncertainty and regulatory concerns see decision-makers’ focus on the domestic market, according to survey findings.



Analysis: Leisure market - At your leisure

Mon, 16 Apr 2018 06:00:00 +0100

Brexit may raise the prospect of more expensive holidays abroad and longer waits at borders. If fewer European city breaks beckon, could there also be an upside in spending more time in England’s green and pleasant land?



This week in Post: BIA shortlist and other insurance news

Fri, 13 Apr 2018 13:44:03 +0100

This week we unveiled the long-awaited shortlist for the British Insurance Awards.



Insurtech start-up selects Amazon platform for launch

Fri, 13 Apr 2018 10:59:16 +0100

Insurtech start-up Thingco has selected Amazon Web Services to host its product launch.



Ghost broker jailed after making £321,000 of false car insurance claims

Fri, 13 Apr 2018 10:56:36 +0100

A ghost broker who used victims’ details to make £321,000 of false car insurance claims has been jailed.



London Market launches permanent body to manage market services

Fri, 13 Apr 2018 10:31:38 +0100

The London Market Group has launched London Insurance Market Operations & Strategic Sourcing, a permanent body to manage market services.



Government introduces rules to curb bogus holiday sickness claims

Fri, 13 Apr 2018 09:42:49 +0100

Government has given the go-ahead on new rules that will help clamp down on bogus holiday sickness claims.



Biba’s Steve White on why a transitional agreement is only the tip of the Brexit iceberg

Fri, 13 Apr 2018 06:00:00 +0100

News of a post-Brexit transitional agreement is a welcome one, writes Steve White, CEO of the British Insurance Brokers’ Association, however brokers must be wary that the hard work is still yet to come.



Insurtech initiative to set 'industry standard' for sector

Thu, 12 Apr 2018 17:01:19 +0100

Exclusive: A cross industry initiative has been established to draw up a roadmap for future insurtech innovation.



Blog: Can GDPR alter the public mindset on data protection?

Thu, 12 Apr 2018 09:34:12 +0100

GDPR could help build a culture where protection of virtual assets is seen to be as important as locking the front door. Paul Dix, the vice president of insurance at CGI, explains the opportunities for insurers if this scenario works out.



Analysis: Takaful, all promise and little delivery

Thu, 12 Apr 2018 09:29:02 +0100

With more than three million Muslims in the UK, there has long been a feeling that sharia-compliant insurance products should find a market but the reality has proved the opposite. So far, every attempt to establish a takaful insurer in the UK domestic market has failed.



Eos launches $100m insurtech fund

Wed, 11 Apr 2018 17:12:55 +0100

A major insurtech investment fund will raise a $100m (£70m) fund to target insurance tech start-ups.



Barbican and Howden swept up in Gable fallout

Wed, 11 Apr 2018 15:35:32 +0100

Barbican Specialty Re and broker Howden are the latest companies to become embroiled in the fallout of Gable.



British Insurance Awards: 2018 shortlist revealed

Wed, 11 Apr 2018 11:58:00 +0100

C'mon everybody, it is shortlist time!



Allianz partners with car sharing platform Drivy

Wed, 11 Apr 2018 10:11:35 +0100

Allianz Insurance has partnered with Drivy to provide insurance for users of their car sharing platform.



Sompo establishes new retail platform to integrate international businesses

Wed, 11 Apr 2018 09:38:38 +0100

Sompo International is establishing a new retail platform to facilitate the integration of all Sompo Holdings operations outside Japan.



Blog: Not taking hands off the wheel just yet

Tue, 10 Apr 2018 06:00:00 +0100

UK laws, roads and infrastructure are getting ready for self-driving cars but motorists remain reluctant to adopt this technology, points out Simon Walker, group CEO of First Central.



FCA vows to bring dual pricing under the spotlight

Mon, 09 Apr 2018 14:57:19 +0100

The financial watchdog has vowed to tackle the problem of dual pricing in the coming year.



Carmaker gives three-year cover with every car bought in France

Mon, 09 Apr 2018 11:56:15 +0100

Japanese carmaker Subaru is offering three years of free comprehensive motor cover with every new car bought in France, our sister publication reports.



Horton succeeds Aubert as LMG chair

Mon, 09 Apr 2018 11:24:28 +0100

Beazley CEO Andrew Horton has been named chair of the London Market Group.



Underwriting pressure drives negative outlook for London market

Mon, 09 Apr 2018 11:06:51 +0100

Underwriting pressure from the high cost of doing business have caused Fitch Ratings to report a negative sector outlook for London market reinsurance and insurance in 2018.



Blog: Insurers must invest in complaint handling

Mon, 09 Apr 2018 06:00:00 +0100

Artificial intelligence can spot dissatisfaction trends but only good complaint handling will help insurers get value out of those insights, explains Mark Parnaby, managing director of Cynergie, a Davies company.