Broker
Broker knowledge gap still an issue for cyber market
Limited broker knowledge is a challenge for cyber insurers trying to raise customer awareness of the products available, according to Geoff White, Zurich's senior market underwriter for techmedia.
Asia’s next big growth market
Asia-Pacific is still very much the place to be in insurance terms but as Jenni Marsh reports the less traditional markets, outside of China and Japan, are expected to be the real growth stories in the coming years.
Mandatory commission – an necessary evil?
Rumors of mandatory commission disclosure have plagued the market since the start of the year but as the European Commission confirms brokers fears Francesca Nyman assesses the impact on European brokers.
Further commercial SME losses reported in wake of flooding
The Preston-based Independent Group has become the latest regional adjuster to mobilise its teams across flood-hit regions, after it recorded a significant increase in claim volumes this week.
Brokers will use downgraded insurers, but only if clients make the request
Brokers have admitted they will continue to work with downgraded insurers at clients’ requests, despite rating agency Fitch conceding there is no end in sight to potential downgrades linked to the Eurozone crisis.
Brightside to become Asda's home and motor insurance provider
Brightside has swooped for its second major retail affinity contract in the space of seven days having signed a deal with Asda to distribute its motor and home insurance products, Post Online has learnt.
ECIC launches heating and air conditioning cover product
Electrical Contractors’ Insurance Company has launched its ‘heating, ventilating and air conditioning cover product’ - geared towards contractors engaged in related building services activity.
Garwyn unveils London and South East office
The Garwyn Group has expanded its regional branch network with the opening of a London and South East branch based in its existing head office in Billericay.
Aviva to exit 16 worst performing businesses
Aviva is to dump 16 of its worst performing business segments including its Italian partnerships businesses, UK large-scale businesses; and its South Korea business as part as an overhaul of the whole business.
British Insurance Awards Winners announced
The great and good in the UK insurance industry came together last night at the Royal Albert Hall to celebrate the industry's achievements over the past year, which saw LV crowned General Insurer of the Year.
Euler Hermes launches Excess of Loss coverage amid 'market uncertainty'
Euler Hermes will offer Excess of Loss insurance coverage from mid-September, through a new specialist underwriting team based in London.
Market moves: Insurance takes the initiative
Last week saw the recruitment initiative wrestled back from the broking sector, with the majority of hires coming from within the insurer space. Headline appointments in that sphere came thick and fast in the form of a changing of the guard at Catlin…
Roundtable: Future Technology - How can insurers keep pace with technology?
The onward march of social media and mobile technology pose imminent challenges for insurers over utilising publicly available data, not to mention much more radical prospective shifts in risk transfer on the horizon
Broking Focus: Bespoke tailoring
Biba’s wants the strategic review of its operations by Deloitte to produce a trade body fit to compete alongside the strongest organisations in the 21st century
High Net Worth: Join The High Flyers
With the lucrative high net worth market continuing to soar, it’s little wonder so many new entrants are getting on board – but there could be a hard landing ahead for some
Personal Lines Broking: Feeding the phoenix
As brokers continue to reinvent themselves to remain a major force in personal lines insurance, it is up to insurers to help them flourish in this competitive market
Personal Lines Broking: Challenges on the horizon
After facing multiple threats that promised doom and gloom, personal lines brokers are ready to face down further challenges coming their way
Interview: Rob Terry: tackling the problems
Approaching insurance from a technological background, Quindell’s Rob Terry is looking to tackle the dysfunctional motor market and shake up the status quo
Opinion: Your say; Embracing innovation at last
It was great to read Post’s article on PWC’s global CEO survey, revealing a “readiness” to embrace innovation in insurance (‘Insurance industry almost as innovative as technology and entertainment sectors’, www.postonline.co.uk/2185470).
View from the top: Daily demonstration of dedication
Why the CII deserves top marks in a world dominated by downgrades
News Review
A review of news stories that broke this week
Former HSBC Insurance duo poised for £50m drive with motor start-up
A new motor start-up, fronted by a duo of former HSBC Insurance UK executives, has been tipped to make a major play for the broker market in the second half of the year, underwriting up to £50m of business by the beginning of 2013.
Affinity 2012: Flexibility fundamental to future affinity wins not size and scale
The winners in the affinity space of the future are not necessarily going to be the traditional big players, but those that can best adapt to the changing buying patterns of consumers.
Summers third-party claims judgment leaves door open for industry victory
Zurich has been credited with helping the insurance industry win the war against grossly exaggerated third-party claims, despite losing its battle in the Supreme Court.