Broker
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.
Online this week - top ten stories
The top 10 stories from www.postonline.co.uk
View from the Top: Telematics is not the Holy Grail
Experience in the US does not bode well for quick-win motor insurance expectations in the UK
The truth about telematics?
It is no secret that even those with the most tenuous link to the UK motor insurance market are obsessed with telematics – and the panacea it promises to all. You only have to flick through the pages of this week’s Post to back that up.
Commission disclosure overhaul could hit Germany hardest
Commission disclosure requirements in the revised Insurance Mediation Directive would have a particular impact on the German market according to law firm Norton Rose.
Towergate confirms departure of directors
Towergate has confirmed the departure of integration director Jonathan Walker and former finance director Tim Philip.
Post magazine – 5 July 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
MASS calls for wider response to rise in third party accidents
The Motor Accident Solicitors Society is urging industry leaders to address a range of contributing factors rather than simply claims management companies, following a record rise in third party accidents involving bodily injury.
Quindell boss outlines FTSE ambitions
Quindell chief executive and chairman Rob Terry has outlined his strategy to lead the business he founded nine years ago into into a FTSE-100 company through acquisitions and organic growth.
Telematics firm Cobra UK to launch 'innovative' new product
Vehicle technology firm Cobra UK is planning to launch its windscreen mounted telematics box at a Post event next week.
Hyperion talk turns to integration as Windsor deal is given regulatory approval
Hyperion has pushed through the acquisition of Lloyd’s broker Windsor after receiving regulatory approval.
Tempo directors eye capacity providers and team hires following launch
The directors behind the launch of multi-line MGA – Tempo Underwriting – are hoping to forge a strong relationship with the broking fraternity after outlining their criteria for imminent team hires.
Capita hires National Australia Bank boss Holm as commercial director
Capita Insurance Services has appointed former National Australia Bank head of insurance John Holm as commercial director.
Fraud prevention in mind as Admiral appoints supplier CRIF
Admiral has appointed CRIF Decision Solutions as its new supplier for the automation of processes to support fraud prevention during the purchasing process.
Biba "disappointed" with IMD revisions
The British Insurance Broker’s Association said it was “very disappointed” by the five year timetable set for mandatory commission disclosure in the draft version of the Insurance Mediation Directive II.
IMD II to spark regulation for adjusters, claims managers and aggregators
Legal experts believe the European Commission’s latest Insurance Mediation Directive – IMD II – will lead to tighter regulation for loss adjusters, claims management companies and aggregators.
Quindell division delivers record licence pipeline results
The Quindell software and consulting division has finished the first half of 2012 with licence pipelines at record levels, following a Q2 in which multiple new insurance and telecoms contracts and extensions were sealed.
Brightside lands Debenhams car insurance deal
Brightside has signed a contract with department store Debenhams managing the retailer's car insurance offering.
Unprecedented rise in third party accidents, claims IFA report
Claims management companies are to blame for an 18% increase in the number of third party accidents involving bodily injury over the past year, according to the Institute and Faculty of Actuaries’ annual report.
Biba slams European timetable for commission disclosure
The British Insurance Brokers’ Association has accused the European Commission of ignoring the views of major financial and insurance bodies in its decision to impose a timetable to mandate disclosure of insurance commissions.
Yutree reaches partnership agreement with Pro Sight
Yutree Underwriting has launched an exclusive partnership with Pro Sight Specialty Insurance.
William Russell re-brands and launches new website to 'remain competitive'
Expatriate insurance specialist William Russell is launching a major re-brand to coincide with its 20th anniversary in the industry.
IMD draft confirms mandatory disclosure for GI brokers by 2017
A draft of the revised Insurance Mediation Directive released by the European Commission has confirmed broker’s fears regarding commission disclosure.