Analysis
Legal update: Medical Innovation Bill: Criticisms over impact of Bill remain
The Medical Innovation Bill could lead to an increase in litigation, despite its attempts to reduce it, with the potential to confuse rather than clarify the law. Gary Allison and Judith Davison report.
Fine Art: A change of art
As the global fine art market shows signs of a renaissance, how is the industry responding to the evolving insurance needs of this high-value but high-risk sector?
E-cigarettes: No e-smoke without e-fire
With e-cigarette use on the rise in the UK are the risks associated with these products a pressing issue for the general insurance industry?
Video: Claims edition – Jewellery Claims
Claims are often labelled the ‘shop window’ for the insurance industry and although all claims are important, they are rarely more emotive than when very personal items such as jewellery and family heirlooms are lost, stolen or damaged.
Video: Claims edition – Rehabilitation
As Post approaches the 10th anniversary of its Rehabilitation First Awards, the brand remembers how it has long been a supporter of the principle of early intervention in the claims process for those needing rehabilitation to return them to the position…
Video: Claims edition – Flood Re
Flood Re, the replacement for the Statement of Principles – which was the government’s agreement with the insurance industry to ensure affordable flood insurance is available to households – is due to be introduced in the summer of 2015.
Video: Claims edition – Whiplash
The UK has been described as the whiplash capital of Europe and Association of British Insurers figures state that 78% of low-value motor personal injury claims in the UK are for whiplash – well above the 48% recorded across the rest of Europe
Video: Claims edition – The Claims Portal
The Claims Portal was introduced for the insurance industry in 2010 after the Ministry of Justice mandated that personal injury claims falling within the scope of the pre-action protocols must be processed using the portal.
Video: Claims edition - Fraud
The value of fraudulent insurance claims uncovered by insurers rose to a record £1.3bn in 2013, up 18% on the previous year, according to figures released in May by the Association of British Insurers.
International: Chinese whispers
Western insurance firms could learn a thing or two from their Chinese rivals, as Sana Carlton from Millward Brown explains
BIA 2014 - The Technology Award: LV=
Finalists: Ageas; Cunningham Lindsey; GAB Robins UK; NHS Litigation Authority
BIA 2014 - Investing in the Profession Award: Hiscox
Finalists: Aon; Allianz Insurance; Miller; Sterling Insurance Group; Thomas Carroll Brokers
BIA 2014 - Digital Initiative of the Year: Kwik Fit, part of Ageas
Finalists: Allianz Insurance; British Gas Insurance; Carrot Car Insurance
BIA 2014 - The Major Loss Award: GAB Robins UK (University of Strathclyde fire)
Finalists: Allianz (flood response); Cunningham Lindsey (Daw Mill Colliery fire); Davies Group (Essex flood response); Oil Facilities; Zurich Insurance & McLarens (Lytchett Minster Upper School fire)
BIA 2014 - Claims Initiative of the Year: LV=
Finalists: Ace European Group; Ageas; AIG; HSBC
BIA 2014 - Marketing Campaign of the Year: Bartlett & Company
Finalists: Axa UK; Green Flag; LV=; Zurich Insurance
BIA 2014 - Personal Lines Broker of the Year: Hastings Direct
Finalists: Caravan Guard; Halo Insurance Services; TempCover
BIA 2014 - Commercial Lines Broker of the Year – large corporate: Howden Broking Group
Finalists: Aon; KTIB Corporate Risk Solutions; RKH Group
BIA 2014 - Commercial Lines Broker of the Year – SME/mid-corporate: Bollington Insurance Brokers
Finalists: Club Insure; Jelf Insurance Brokers; Thomas Carroll Brokers
BIA 2014 - 20 glorious years
This year marked the 20th time the British Insurance Awards honoured the great work the industry does in mitigating risk or aiding and abetting people in the face of adversity.
BIA 2014 – General Insurer of the Decade: Allianz Insurance
Only one general insurer in the UK can boast 45 consecutive quarters of underwriting profit as well as unrivalled stability in its strategy and leadership, earning it the respect of peers and investors alike.
BIA 2014 - Service Provider of the Year: Auto Windscreens
Finalists: Absolute Partnership; Blink Intermediary Services; Cunningham Lindsey; Metropolitan Police Service - Operation Catcher; Rainbow International
BIA 2014 - Community Broker of the Year award: Wilby
Finalists: Caravan Guard; South Essex Insurance Brokers