Admiral
Financial Ombudsman reveals 5% increase in complaints about insurers
Insurers had 5% more complaints made about them in the second half of 2016 than in the first half of the year, up to almost 18,000.
Admiral sees profit hit of up to £100m from discount rate cut
The discount rate cut will add between £140m to £175m to Admiral’s claims settlement bill, the insurer said.
Ogden discount rate set at minus 0.75%
Liz Truss, Lord Chancellor and Secretary of State for Justice, has decided to implement the Ogden discount rate at minus 0.75%, a change from plus 2.5%.
Post Power List 2017: David Stevens
CEO, Admiral
This week: Decisions, scorecards and a viable alternative
After a slow start to 2017 I suddenly had lots of decisions to make this week about holidays, extracurricular activites and building plans (for my extension).
Lyons to retire as chairman of Admiral
Admiral Group non-executive chairman Alastair Lyons will retire from the position this year, after stating that he will not seek re-election at the group's general meeting in April.
Motor fraud: Reaching critical mass
Although the adoption of My Licence has been slow to date, the Motor Insurers’ Bureau has predicted an increase in uptake to 50% this year. Will 2017 see the service reach critical mass?
Digital Fineprint to join Accenture's fintech incubator
Insurtech start-up Digital Fineprint has been chosen to take part in Accenture’s Fintech Innovation lab.
Two insurers join Markerstudy pet insurance aggregator
Two major insurers have joined Markerstudy's newly-launched pet insurance aggregator.
In Depth: How Facebook unfriended Admiral
Where do insurers stand now on the use of social media data?
Admiral CEO donates £3.94m of shares to own charity
Admiral CEO David Stevens has donated 205,000 shares, worth £3.94m to a charitable foundation in which he is the main trustee.
Week in Post: Borne back ceaselessly into the past
Halloween is now behind us, which means we’re now pitching irrevocably into Christmas season. The warbling of Maria Carey is already transforming supermarkets into no-go zones, and our inboxes are filling up with Christmas party invitations.
Lawyers brand Admiral 'arrogant' over Facebook app
Legal experts and social media analysts have branded Admiral “arrogant” after the insurer’s initiative to use driver’s Facebook profiles to price insurance quotes was blocked by Facebook this morning.
Facebook delays Admiral's controversial young driver initiative
A plan to use a driver's Facebook profile to price insurance quotes has been delayed after activists pointed out the scheme fell foul of the social network's privacy policies.
Where are all the full-stack insurance start-ups?
Capital requirements and regulations have been blamed for putting off new full-stack insurers from establishing in the UK but Brexit won't necessarily help start-ups.
Startup Bootcamp partners with Talanx
Startup bootcamp Insurtech has brokered a partnership with German insurer Talanx.
Revealed: 10 insurers with the most complaints
Direct Line Group has received the highest number of general insurance related complaints in the first half of 2016, according to the latest figures from the Financial Ombudsman Service.
Week in Post: Amazon Echo; pills that make you hard; CMC scourge and elderly drivers
This week Post reporter Rosie Quigley and I were given a tour around the Accenture Innovation Lab at Plantation Place in the City.
Admiral CEO predicts 'no material difference' following Brexit despite dramatic drop in solvency ratio
Admiral CEO David Stevens today said that Brexit will make no material difference to the insurer, despite the group seeing a significant drop in its solvency ratio following the out vote.
Admiral increases overseas' car customers by 20% in first half
Admiral's CEO David Stevens has hailed the strength of the business as he unveiled his first results since taking on the top job.
Smartdriverclub Insurance could be 'game changer' for the insurance industry
Gibraltor based managing general agent Smartdriverclub has launched its new motor insurance telematics concept.
Mumsnet founder appointed to Admiral board
Justine Roberts, the founder of Mumsnet, has been appointed as an independent non-executive director of Admiral Insurance.
Pay-as-you-go broker Belong Safe shuts down after three months
Just three months after its launch, Belong Safe has shut down completely due to financial and branding troubles.
Blog: It could be now or never for Go Compare to split with Esure
Four years ago it was reported that Grant Thornton had been appointed by Esure to look at the possibility of divesting its shareholding in comparison site Go Compare.