Skip to main content

Penny Black's insurance week

penny-black

Penny donned her flak jacket and tucked her pepper spray into her handbag before joining a team of IFED police officers on a dawn raid in East London last week.

Running shoes would have been more appropriate after an occupant at an address on the fraud squad’s hit list saw Penny was taking no prisoners, and decided he would launch a frantic bid for freedom, hurdling barefoot over his neighbours’ fences and through a series of rose bushes.

To make matters worse, he wasn’t even the suspect ghost broker the police had come to arrest.

The passing of the Iron Lady reminded Penny of a recent luncheon at the East India Club in St James’s with some obliging members of the broking fraternity.

Arriving unpunctually at the public schoolboy haunt, Penny discovered her tardiness had cost her the ‘best seat in the house’, which was instead occupied by one’s host. The seat in question was that favoured by Baroness Thatcher in her years as a regular at the famous club and Penny could see the attraction to the former PM.

In the corner with its back to the wall and a full view of every other guest’s antics, it was perfectly positioned for a lady used to keeping in check a cabinet largely consisting of expensively educated men.

Follow Penny on Twitter

This article was published in the 18 April 2013 edition of Post 

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe

You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.

AI could kill the insurance renewal habit

Editor’s View: With more than 70% of consumers expecting artificial intelligence to influence their insurance purchases within the next year, Emma Ann Hughes predicts renewals face their biggest disruption right now since the demise of the Yellow Pages.

Curious case of Aon’s co-CEOs as Page and Kielty exit

Content Director’s View: The appointment of co-CEOs at Aon following Jane Kielty and Julie Page stepping down reignited a familiar debate – is joint leadership ever a good idea? Jonathan Swift examines whether the sceptical reaction was justified.

Q&A: Massimo Cavadini and Pardeep Bassi, WTW

Massimo Cavadini, head of product, pricing, claims and underwriting for Continental Europe at WTW, and Pardeep Bassi, global proposition leader for data science, insurance consulting and technology at WTW, delve into the 2025 European Insurance & Occupational Pensions Authority’s Generative AI Market Survey and whether a rewrite of the rules of insurance analytics is required.

Fair value rules still fail brokers and consumers alike

Four-and-a-half years after the Financial Conduct Authority’s fair value rules arrived, Branko Bjelobaba, principal of compliance consultancy Branko Ltd, argues inconsistent data and vague metrics still make it difficult for brokers and consumers to compare insurance products properly.

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Post account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here