Claims
CFC makes first acquisition in 20 years as it buys Solis Security
CFC Underwriting has bought Texas-based incident response provider Solis Security, marking the company’s first acquisition in 20 years.
Victory for insurers in $77m 'pirate attack' fraud case
A High Court judge has ruled that insurers do not need to cover the cost of an alleged pirate attack on an oil tanker because the ship’s owner was responsible for the incident.
Blog: Project policies - why they pose a problem for the insurance industry
A High Court Ruling concerning a school fire hit headlines in 2018 putting into doubt the worth of project policies in the construction sector. With little hope of any immediate clarity, the demand from contractors for Contractors All Risks insurance in…
RSA's Rob Gibbs on collaborative relationships between brokers and insurers
The insurance industry has a rich and storied history from the Great Fire of London, Tom's Coffee House and the earliest shipping risks all the way to today, with apps, online self-service and e-trade. And, for almost as long as insurers have being…
Insurance Technology Summit Q&A: Duck Creek Technologies Europe managing director Bart Patrick
Ahead of the Post Insurance Technology Summit, Post editor Stephanie Denton sat down with Duck Creek Technologies Europe managing director Bart Patrick to discuss the cultural step change need in insurance to remove the upgrade nightmares.
Analysis: Telematics - telling it as it is?
Fabricating a motor insurance claim used to be as simple as arranging for a mate to drive into your car but with today's new technology, Veronica Cowen explains how much harder insurers are making it for the fraudsters.
2019 Insurance Fraud Awards: Full list of winners
Zurich was the big winner at the 2019 Post Insurance Fraud Awards picking up three awards, and a highly commended including top prize in the Investigation of the Year category.
European insurers paid out €2.9bn every day in 2018
European insurers paid out €1069bn (£953bn) in claims and benefits to insureds in 2018, according to figures gathered by Insurance Europe.
Arch-backed MGA Archipelago aims to address PL underinsurance with data driven fair pricing
Arch Insurance-backed managing general agent start-up Archipelago Risk Insurance has announced that after a six month “pilot” it is ready to open the doors in a “controlled way”.
Sedgwick restructures UK leadership team
Sedgwick UK deputy CEO Paul White has been promoted to lead the business, following the appointment of current CEO Stewart Steel as head of a combined Continental Europe, Middle East and Africa division.
Q&A: Amanda Lucas, talent, learning and inclusion manager, human resources, Allianz Global Corporate & Specialty and co-chair, Insurance Families network
As part of the Inclusion at Lloyd's programme six partner networks have been set up to help bolster diversity and inclusion in insurance. Post spoke to a representative from each one to get an insight into what they doing, today focusing on IFN - the…
Top 100 UK Insurers 2019
The 100 largest UK-regulated insurers, ranked by non-life gross premium written, reported a combined underwriting profit in 2018, compared to a loss in 2017. Catherine Thomas, senior director of analytics in London at AM Best, explains how they achieved…
Blog: Cyber attacks - how can businesses combat human error?
Approximately three-quarters of cyber claims notified to CFC in the last year involved some kind of human error or oversight. This is in part due to the truth that theft of funds, ransomware, extortion and non-malicious data breaches usually involve the…
Q&A: Maurice Rose, manager, insurance risk and regulation, PWC and co-chair Link
As part of the Inclusion at Lloyd's programme six Partner Networks have been set up to help bolster diversity and inclusion in insurance. Post spoke to a representative from each one to get an insight into what they doing, today focusing on Link – LGBT…
Lloyd's releases 2020 modernisation plan
Lloyd’s has published the first blueprint for its market modernisation strategy, detailing how it will begin to deliver proposals it consulted on earlier this year in 2020.
‘Bad outcome’ as Ogden rate remains unchanged in Scotland
The Ogden rate will remain fixed at minus 0.75% in Scotland, raising the prospect of higher premiums for motorists north of the border.
Profit up at Arron Banks’ Eldon as losses deepen at insurer Southern Rock
Arron Banks-owned Eldon Insurance saw profit more than double in 2018, but losses at his insurer Southern Rock increased.
Motor premiums rise following Ogden rate decision
Motor premiums have risen by an average of 0.7% in the past three months, owing to changes to the Ogden discount rate.
Analysis: Reinsurance rates - breaking the cycle
Reinsurance rates have started to rise after a series of natural disasters in 2017 and 2018, but the increases are not being seen across the board.
Special report: The future of claims in commercial broking: Expert view
Technology and staff investment are key to delivering great commercial claims service. Insurers must show the way in embracing future claims innovation, as well as their in-house capabilities and expertise, writes Victoria Keating, claims relationship…
Special report: The future of claims in commercial broking
To find out what brokers think of commercial claims handling Post and Aviva carried out some extensive research. Sam Barrett reflects on results that highlight insurers have some way to go to meet their expectations.
Trade Voice: Gordon Dalyell, Apil
Following insurer outcry as the Ogden discount rate was set at minus 0.25%, Association of Personal Injury Lawyers president Gordon Dalyell underlines that the industry is set to save hundreds of millions, while claimants still face an "unfair" rate.
Markel appoints wholesale and national markets claims leaders
Markel International has promoted three of its claims leadership team, with a view to giving parts of the business more specialised management.
Aviva appoints Jason Windsor as CFO
Aviva have appointed Jason Windsor as chief financial officer and executive director with immediate effect.