Lord Keen QC used his keynote speech at the Association of British Insurers’ annual motor conference to warn insurers that parliament expects the industry to deliver on pledges to pass on discount rate reform savings and will be monitoring its pledge.
Motor insurers have paid £23m to motorists every day of the year so far, Association of British Insurers’ research has found.
Exclusive: Folgate will write £35m in premium in its first year of operations following its relaunch as an insurer, the company said.
The insurance industry has achieved many successes in its fight against fraud but it now needs to address database overload, urges Steve Crystal, head of financial crime at Sedgwick.
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- Motor insurers paying out record £23m in claims every day
- Insurers warned a 'robust' system will be in place to monitor discount rate savings
- Relaunched insurer Folgate to write £35m in first year
- Staff at collapsed RIIG owed thousands in unpaid wages
- Blog: Who Monitors Wins
- Polaris appoints Gallagher’s Vivek Banga as MD
- FSCS mulls raising levies on brokers using unrated
There is movement at the summit of our 2018 top 100 UK insurers. Find out who ranks highest in the Top 100 UK insurers in Post’s 2018 countdown, produced in association with AM Best.
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Michèle Bacchus spoke to brokers to find out their thoughts on regulation, their trade body and their opinion of the UK insurance market
Post, in association with Tällt Ventures, indexes those that have the most potential to influence, change or disrupt the global market.