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IBM unlawfully breached Co-op IT contract and must pay £13m, High Court rules
Co-op Insurance has won its claim against IBM for breach of an IT contract in 2017 and is entitled to a £13m net sum, the High Court has ruled.
Interview: Rob Gibbs, RSA
Having worked at RSA for more than two decades, commercial managing director Rob Gibbs has certainly seen his fair share of the business, both in the UK and overseas. He speaks to Jonathan Swift about his latest challenge, navigating a newly combined commercial arm through a restructure, a hard market, the FCA business interruption test case and a potential takeover by Intact/Tryg.
FCA mulls timeline for dual pricing fix following consultation
The Financial Conduct Authority is reconsidering the implementation period for its dual pricing remedy proposals following consultation with the industry.
Latest
Analysis
Briefing: BI claims portals a savvy loss adjuster initiative – but policyholders feel they are stuck ironing out kinks
Loss adjusters have created portals to deal with a deluge of business interruption claims, but some under pressure policyholders are struggling to get to grips with their requirements – can the industry do more to help?
Analysis
Intelligence: Operational resilience - Regulators raise the bar for crisis response
After drawn-out consultations financial regulators will soon lay out what they expect from firms in terms of operational resilience. Harry Curtis investigates.
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sustainability
We're very pleased to be part of this latest @ClimateWise report. Working together with fellow @BritishInsurers members, and others in the sector, to deliver against the #ClimateWisePrinciples is crucial for us all #sustainability https://t.co/stIA3uACMk
— Zurich Insurance UK (@ZurichInsUK) February 17, 2021
Most read
- FCA mulls timeline for dual pricing fix following consultation
- FCA calls for even more progress from insurers as number of vulnerable customers reaches 27.7 million
- Widespread pandemic and disease exclusions tantamount to 'market failure', conference hears
- Interview: Rob Gibbs, RSA
- Blog: Motor repairs - how are insurers responding to consumer behaviour?
- Exclusions will widen the expectation gap, FOS chief warns insurers
- Vital that valid BI claims are settled quickly after test case, ABI chair Jon Dye tells insurers
Special Projects
The Top 100 UK Insurers 2020
A ranking of the top 100 Prudential Regulation Authority-regulated UK insurance companies, with each business broken down by gross written premium, net written premium, underwriting result, retention ratio, solvency capital requirement and SCR Ratio.
Claims Apprentice 2020
Six up-and-coming claims managers, six ambitious candidates, all with one aim, to be crowned Claims Apprentice 2020. But who will be victorious?
The Top 100 Insurtech firms 2020
Post, in association with Sønr, indexes the businesses driving the innovation across the market, some offering solutions to accelerate corporate activity, others paving their own futures.
Insurance Covid Cast Podcast series
A series of video casts brought to you by Insurance Age and Insurance Post while our journalists are in isolation lockdown looking at the major topics of the day
People & Comment
Interview: Rob Gibbs, RSA
Aviva’s Phil Bayles on an increasing risk but a decreasing priority – a perfect cyber storm?
Blog: The digital healthcare risk landscape
Blog: Underinsurance in a hardening market
Blog: Wildfires and the rising risk of ‘cascading’ natural disasters
My other life: Ben McBean, open water swimmer
Interview: Rob Brown, Charles Taylor group CEO
Carrot’s Norrie Erwin on the opportunity for telematics in claims