Post magazine – 28 April 2011


The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.

This week the Post team reports on Equity Insurance Group's insistence that its branch network plans for regional expansion are safe, despite putting 185 jobs within it's underwriting and distribution operations at risk.

As revealed by Post Online, the jobs have been placed under consultation, as the insurer moves to address its expense ratio through a series of redundancies.

In other news, the credit hire legal wrangle involving Aston Villa footballer Darren Bent is set to continue after permission to refer the case back to the Court of Appeal was granted; a ban on referral fees would improve the insurance industry's professional standing, according to Allianz claims manager Roy Hebburn; US firm The Hanover Insurance Group remains confident it will succeed in its bid for Chaucer, despite shareholder Pamplona's refusal to sell its stake in the Lloyd's insurer; and Insure the Box founder Mike Brockman has warned curfew-based telematics products for young drivers will not only fail to improve behaviour and accident statistics, but the business model is also flawed.

Mr Brockman talks to Post editor Lynn Rouse about the benefits of telematics, and why it is being touted as the future on motor insurance.

Also in this issue, as the world gears up for a Royal wedding, Jonathan West explores the practicalities of what happens when marriages go wrong and whether insurance will soon play its part.

This issue also contains the first instalment of a three-week series on first-party fraud, focused on fraud conducted by policyholders. Jane Bernstein looks at how insurers are targeting customers who seek to abuse the application process; and head of insurance at Callcredit Information Group, Graham Odiam explains how new checking systems can help insurers strike the right balance between providing great customer service and preventing fraud.

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