Short-termism is the hallmark of our era. We live in a disposable, transitory society - as evidenced everywhere from the fate of the England football manager and the last leader of the UK Independence Party to the fickleness of government policies. The long-term commitments we need for our economy and infrastructure don't appear to be available in a political environment where everyone has an eye on the next election.
And so it is with the insurance industry. Many of our leaders are guilty of riding on the wave of short-termism without reflecting on what the impact of the pace of change means for them and their customers....
RSA made more than 900 redundancies last year and plans to make an additional £50m in cost savings.
Information gathered from blackbox telematics has been used successfully to reveal a dishonest customer claim involving a hire vehicle.
More jobs could be lost as a result of the government's whiplash reforms than were lost in the South Wales steel industry last year, Access to Justice told Post.
The expected discount rate reduction has shaved off £10m of profit from motor insurer ERS.