Post - 2012-05-31
Articles in this issue
Market moves: A busy week for recruitment
Insurers were the most active recruiters in the industry this week, with Canopius, Mapfre, Zurich and Ace all welcoming new arrivals to their teams. It was also a busy seven days in the broking sector, after BGL, Giles, Miller and Aon made significant…
Opinion: No more 'softly softly' approach to reservation of rights
Reservation of rights as a default position can render it impossible for insureds to finalise annual results, says John Hurrell.
View from the top: From the outside looking in
Encouraging remarks emphasise that the good work insurers are doing must continue, says Barry Smith.
North of the border: Explosion prompts negligence test
In the recent case of ICL v Johnston Oils (2012) the question was this: when should the court apply the standard of care of the reasonable man, and when should it apply the professional negligence standard?
View from the top: How safe is your bank?
UK financiers are battening down the hatches as they brace themselves for eurozone write-down effects, warns Andrew Holman.
Dispute resolution: Cutting in the middle man
Financial savings and court support have never been sufficient to switch insurers onto alternative dispute resolution in big numbers. Will the Jackson reforms provide the essential incentives?
Analytics: Cultivating customers with tailored data
Customers need to be offered more than just a cheap deal to persuade them to stay with an insurer, and tailored data can help achieve an increase in retention rates.
Application fraud: Revving up rates
In an effort to bring down premiums, many drivers are telling 'white lies' on their application forms, compelling brokers to beef up their own fraud detection alongside insurers.
Terrorism and civil unrest: Risky business
With several parts of the world engulfed by violence and civil unrest, is traditional terrorism and political risk cover increasingly irrelevant?