Insurers have cast doubt over the viability of government proposals to reduce insurance premiums for motorists who have signed up to a cyclist awareness course.
The architect of Lloyd’s modernisation drive, Shirine Khoury-Haq, has stepped down from the Corporation.
Exclusive: Folgate will write £35m in premium in its first year of operations following its relaunch as an insurer, the company said.
Exclusive: Brokers that continue to use unrated capacity, despite the collapse of insurers like Alpha and Gable, could pay higher levies to the Financial Services Compensation Scheme next year.
Exclusive: Failed loss adjuster RIIG did not pay staff their full salaries for the 10 months prior to the company’s collapse.
Exclusive: Aviva is planning on transferring 1.39 million policies it currently writes in the UK and Europe to its Ireland business.
Barbican’s syndicate will withdraw from property, marine cargo and hull, and professional indemnity insurance.
Compare the Market may have broken the law by preventing home insurers from offering lower prices elsewhere, the competition watchdog has warned.
Insurers are seeing a spike in people claiming improper installation of cavity wall insulation. Is this the new money spinner for CMCs?
Insurers may not have sufficient oversight of pricing practices, which could mean some customers are paying significantly higher premiums than those who have similar risk profiles, according to an official review.
Applied Systems will consider entering Australia, New Zealand or South Africa if an acquisition opportunity presents itself.
Hastings has seen shares fall as it warned of a “competitive” market with rising claims inflation.
Google will host a “bootcamp” on machine learning for Applied Systems engineers next month in the first skills transfer between the two companies.
Google is actively looking for further investment in the insurtech space, following its acquisition of a minority stake in Applied Systems.