Insurer
Zurich cuts claims times; Marsh's global cyber practice; Brown & Brown partners with Ageas
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Aviva: SMEs ‘woefully underserved’ for cyber cover
Cover against damage from cyber attacks against SMEs has been branded as “woefully underserved” at an Aviva event.
CII’s Connell tackles FCA’s latest Greatest Hits compilation
Trade Voice: Dr Matthew Connell, director of policy and public affairs at the Chartered Insurance Institute, outlines how firms can push back against the notion they are all as bad as each other.
Industry calls for clarity on self-driving liability
The industry has called for legislation and clarity on self-driving vehicle liability in the upcoming King's Speech in order to be able to step up and provide cover.
Red Cross pleads insurers to back humanitarian insurance approach
During its London Summit, The International Federation of Red Cross and Red Crescent Societies has appealed for more insurers to support its insurance mechanism, as funding for humanitarian needs reaches an all time high.
Q&A: Jonathan Frankham, World Nomads
Jonathan Frankham, General Manager, UK & Europe at World Nomads, reveals how travel insurance has changed post pandemic and whether further evolution is required due to climate change.
‘Writing on the wall’ for pet insurance if data isn’t utilised quicker
Data usage in pet insurance has “lagged behind” home and motor, according to Crif UK, and if the sector isn’t able to get a grasp of it soon, the writing could be on the wall.
Aviva completes nine-month commercial digital transformation
Aviva’s Global Corporate & Specialty team has revealed how it has been able to develop 20 commercial lines pricing models in just nine months, cutting build time by 75%, after utilising Hyperexponential’s pricing decision intelligence platform, HX Renew.
Howden secures £500m to turn insurtechs into MGAs
Howden’s venture will support the development of innovative insurance solutions, as well as create investment opportunities for insurtech start-ups.
PL insurers to face ‘double whammy’ to margins in 2024
A report from Bloomberg Intelligence has warned that the margins of UK insurers such as Admiral and Direct Line face a “double whammy” of claims inflation and regulation in 2024.
Lloyd’s risk tool; Pattern and Giggster partner; Howden’s driving offering
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Insurers ready for hundreds of Luton Airport fire claims
While the Association of British Insurers has claimed it is “too early” to estimate the insured cost of a fire at London Luton Airport. LV, Ageas and Aviva have confirmed how they will be handling motor insurance claims caused by the blaze.
Labour pledges to tackle car insurance costs
In a speech to the Labour Party conference, Shadow Transport Secretary Louise Haigh promised a Labour government will ensure motorists aren't paying over the odds to insure their vehicles.
ABI warns insurers there is ‘no room for complacency’ on DEI
The Association of British Insurers has published an update on its progress towards becoming the “most diverse, equitable and inclusive sector” in the UK.
Allianz and Intact pondering Aviva takeover, reports claim
The Times has reported that "market chatter" has suggested Allianz and RSA owner Intact, are considering lining up a bid to buy Aviva.
Has Elon Musk been put off launching Tesla Insurance UK?
News Editor's View: With electric vehicle claims costs, and therefore premiums skyrocketing, some insurers are refusing to insure certain Tesla models. Scott McGee considers whether Elon Musk is set to disappoint consumers by ditching plans for Tesla's…
Motor and home premiums at ‘peak of the pricing cycle’
Figures released by Pearson Ham have revealed that home and motor premiums have further increased in the third quarter, as we reach ‘the peak of the pricing cycle’.
Regulator monitoring motor insurance premiums
The Financial Conduct Authority is “monitoring” motor insurance prices amid skyrocketing premiums.
Will MoJ plans for medical reports fix the claims portal?
Tom Luckham unpicks the Ministry of Justice’s proposals to change medical reporting requirements for road traffic accidents and examines the impact it could have on motor insurance claims.
John Lewis halts offering EV cover amid repair cost concerns
John Lewis has "temporarily paused offering new policies and renewals on fully electric vehicles", citing repair cost concerns.
Confiscation order gives serial fraudster three months to pay back £210,000
A court has granted a confiscation order against a man who was jailed in 2021 following 62 fraudulent insurance claims, ordering him to pay £210,000.
FCA to hit brokers with fresh leasehold insurance reforms from 2024
The Financial Conduct Authority has issued a wave of reforms around leasehold buildings insurance, coming into force in the new year.
How allies helped insurance’s LGBTQ+ community
During a Dive In Festival event, LGBTQ+ community members explained the impact allies who “show up” and don’t “shy away” from important conversations have had on the insurance industry.