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Treasury puts forward pool proposal to replace Statement of Principles

The Treasury has suggested that a limited flood pool could be funded without new money, according to Anne McIntosh MP, chair of the Environment, Food & Rural Affairs select committee.

Insurer | 22 May 2012 secure

Secretary of state for environment food and rural affairs Caroline Spelman
A terrace of houses

Household to become 'new motor' as insurers warn of price hikes to come

Insurers have issued a stark warning that home insurance could become the 'new motor', with years of unprofitability followed by unpopular price hikes, prompting a government and consumer backlash.

Insurer | 22 May 2012 secure

stormy-weather

Benign weather and rate rises result in record reported profits for insurers

Insurers have reaped the rewards of benign weather and rate rises in catastrophe hit regions, but analysts warn the worst could be yet to come.

Insurer | 15 May 2012 secure

Accident Exchange CEO Steve Evans

Friend or Foe: Q&A with Accident Exchange CEO Steve Evans

Steve Evans has spent four years bringing the activities of rate surveyor Autofocus to light, making him an unpopular figure in insurance circles.

Insurer | 15 May 2012 secure

house

Ageas braced for further household rate rise

Ageas UK boss Barry Smith has warned of further rate rises on household premiums after admitting to a rate hike of 16% for buildings cover last year.

Insurer | 14 May 2012 secure

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The insurance business resource library

Insurance Hound

A free and easy-to-use digital library of briefings, white papers and reports updated on an hourly basis

barry smith chief executive of ageas uk

Ageas' Tesco Underwriting posts £7m profit after Q1 loss last year

Tesco Underwriting, Ageas' household and motor partnership with Tesco Bank, generated a pre-tax profit of £7m in the first quarter compared with a loss of £4m last year.

Insurer | 14 May 2012 secure

pound-sterling-money-coins-notes

Aviva pays Accident Exchange "seven figure" settlement

Aviva has paid credit hirer Accident Exchange a "seven figure" out-of-court settlement after using "dishonest" Autofocus evidence to reduce its hire charges.

Insurer | 18 Apr 2012 secure

cricket path

Ageas unveils The Ageas Bowl cricket ground

Ageas has unveiled The Ageas Bowl following the announcement of its new partnership with the home of Hampshire cricket.

Insurer | 13 Apr 2012 secure

Trafic on a motorway

Your say: uncovering dishonest drivers

It is no secret that a large quantity of drivers who have not recently claimed, and whose circumstances have not changed, are nonetheless paying increased insurance premiums.

Insurer | 03 Apr 2012 secure

Cars on forecourt from above

Industry unveils older driver initiative as Direct Line follows LV's age limit stance

The decision by LV to scrap its age limit of 86 for new car insurance customers has struck a chord with industry bodies behind the launch of a new signposting model, yet market rivals appear largely unconvinced.

Insurer | 03 Apr 2012 secure

European risk and insurance intelligence

Insurance Insight

Your one-stop-shop for all the news in the European, Asian and Middle Eastern insurance markets

Insurance Insight
Quindell logo

Ageas board member and Outright founder Bright latest to join Quindell

Consultancy, software and outsourcing firm Quindell Portfolio has appointed Ageas UK board member Robert Bright to its strategy and integration advisory board.

Claims | 28 Mar 2012 secure

roundtable-main

Claims Roundtable: How can insurers innovate to win the retention race?

In the toughest economic environment for years, companies have to prove they have a competitive edge when it comes to handling claims.

Insurer | 27 Mar 2012 secure

company-car

Application fraud: deliberate use of inaccurate information on the rise

The number of opportunistic fraudsters has rocketed with the use of aggregator sites, as some customers deliberately provide inaccurate information in an attempt to get cheaper premiums.

Insurer | 20 Mar 2012 secure

Man and woman exchanging a flower

Affinity: Managing relationships is vital

Affinity business is a growing area for insurers, but how can the industry avoid its pitfalls while making partnerships work?

Insurer | 13 Mar 2012 secure

Gavel

Ageas credit checks all motor applicants

Ageas is to automatically use credit information about prospective clients in motor quotes.

Insurer | 05 Mar 2012 secure

Comment

Lynn Rouse

Editor's comment: Fleeing the family nest

This week’s deal developments read like two coming-of-age literary fables written to reward hard work and endeavour, while...

Interview

JLT chief executive Dominic Burke

Interview: JLT's Dominic Burke - a thoroughbred performer

Horseracing-mad Dominic Burke has huge ambitions for JLT, with a firm focus on international expansion, and he scotches...

View from the top

David Reed

View from the top: Airline insurance - the risk remains

Despite 2012 losses being only 12% of the annual average to date, a single incident could flip the market, says David...

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Pitney Bowes 2012 Insurance Industry Report

2012 insurance industry report: The inside track to achieving a more sustainable business

To achieve a sustainable profit, personal lines insurers need to transform their retention rates, using modern communications techniques to engage with customers and understand their individual needs. This white paper is based on a specially commissioned study involving 42 senior managers at UK and Irish insurers.

Work equipment risks in the UK

Work equipment risks in the UK

The complex patchwork of legislation and guidance governing work equipment risks in the UK is an administrative monster that many businesses struggle to wrestle with successfully. It takes significant levels of technical expertise and resources to understand and effectively navigate the maze of legal requirements, and this problem grows increasingly unwieldy for smaller organisations with limited manpower and finances.

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