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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

A terrace of houses
penny-black

Penny Black's Insurance Week

Handbags at dawn at the Biba conference

Insurer | 22 May 2012 secure

Allianz chief executive Andrew Torrance

Departing migrant workers make EL claims as they leave, warns Allianz

Allianz UK boss Andrew Torrance has blamed east European construction workers returning home for a spike in employers' liability claims.

Insurer | 18 May 2012 secure

Allianz chief executive Andrew Torrance

Commercial lines hurt Allianz's Q1 COR

Allianz has reported UK Q1 gross written premiums up 6.8% over same period in 2011 and a marginally worse combined operating ratio of 97.1% giving the firm its 37th consecutive quarter with a sub-100% COR.

Insurer | 18 May 2012 secure

allianz-flags

Allianz posts second highest Q1 revenue in its history

Insurer has reported a record revenue of €30.1bn in Q1 with UK gross written premiums of almost €600m.

Insurer | 15 May 2012 secure

insurance-hound-monty
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

Pile of one pound coins

Health and Safety: All about the money

Facing a huge cut in its budget, the Health and Safety Executive is preparing to claw back the shortfall. But plans to charge fees for interventions have met with a mixed response.

Insurer | 15 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

recruitment

Market moves: IFB adds four to team

With the fight against fraud hanging in the balance, the Insurance Fraud Bureau was one of the most active recruiters this week, welcoming four new staff - including a new operations co-ordinator – into its team.

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

penny-black

Penny Black's Insurance Week

Penny meets a world-class rackets player

Insurer | 15 May 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
Naval officer with binoculars

Marine: A stormy start to 2012 and choppy waters ahead

With the Costa Concordia disaster in January, the marine market has had a tough start to the year. What impact has this had on the state of play in an already difficult sector?

Insurer | 15 May 2012 secure

Aviva shareholder meeting

Will Aviva's composite model help deliver increased shareholder value?

Aviva's high-profile boardroom bloodbath, which saw much-derided chief executive Andrew Moss ousted by angry shareholders, has laid bare the composite insurer's trading model.

Insurer | 15 May 2012 secure

duncan-carter

Jelf’s Carter move signals stepping up a gear on key insurer relations

Jelf Insurance Brokers has added Duncan Carter, pictured, to its insurance markets team as markets director in what it says signals a move to be more proactive with key insurers.

Broker | 11 May 2012 secure

philip-davis

Post Blog: Does insurance have to be so complicated?

The complexity of the insurance sector is making it difficult to engage with consumers. Philip Davies, EMEA president of Siegel and Gale, explains.

Insurer | 11 May 2012

Allianz

Allianz promotes Daws in risk control

Allianz has promoted Stuart Daws to manager, risk control within its commercial division.

Insurer | 09 May 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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