Claims
Analysis: Industry faces financial blow from discount rate revision
Insurers that have been pricing and reserving using a discount rate of between 0 to 1% may face a short term financial hit, analysts have warned.
Travel insurers must ‘signpost’ policies for vulnerable customers
Travel insurers will have to ‘signpost’ policies that have exclusions over pre-existing medical conditions.
Majority of disputed claim rulings are won by insurers
Insurers win two-thirds of legal disputes against their commercial policyholders when a claim is disputed.
‘Bad outcome’ for industry as discount rate revised to -0.25%
The government has set a new discount rate of minus 0.25% - a much lower number than the expected 0%.
Blog: Home history data may build a better picture for pricing
Pricing practices in the home insurance market are under scrutiny and according to Jay Borkakoti, director, home insurance, UK and Ireland, LexisNexis Risk Solutions insurers need to use claims history data to better their understanding of property risk.
This week in Post: 25 years of the British Insurance Awards
This week the best and brightest in the insurance community gathered in the Royal Albert Hall for the 25th British Insurance Awards.
Gefion ordered to not expand business until it injects more capital
The Danish Financial Supervisory Authority has ordered Gefion to not expand into new territories.
Allianz and LV win big at 2019 British Insurance Awards: Full list of winners
Allianz was among the big winners at the 25th British Insurance Awards at the Royal Albert Hall scooping three individual awards including General Insurer of the Year.
Spanish private health body hits out at ‘possible systemic fraud’ in UK travel insurance
The Spanish Private Health Alliance hit out at “possible systemic fraud” committed by British insurers offering problematic medical cover within travel policies.
Davies completes second acquisition of the year
Davies Group has added two firms to the group with the acquisition of GBB holdings which comprises of specialist investigation business GBB and motor engineering solutions provider Banwells.
Sedgwick buys US giant York Risk Services
Sedgwick has bought York Risk Services, one of the largest loss adjusters in the US.
Flood Re and Axa propose funding flood-resilient home improvements
Payouts on household flood claims could rise above the cost of damage in order to enable claimants to make their homes more resilient to future incidents, under proposals outlined by Flood Re.
Blog: The MIB's litigant in person portal is only fit for sunny days
The Motor Insurer's Bureau might have outlined how it expects the proposed litigant in person portal to work. But Marcus Taylor, director of claims at Minster Law, argues that while this might be fine for 'sunny day' scenarios, there was much detail…
This month: Reputation, climate change and technology
This month’s issue looked at reputational issues the sector is facing and what needs to be done to improve the industry's reputation going forward.
Insurers paid out NZ$40bn following Christchurch earthquake
Christchurch City Council estimates that insurers have paid out around NZ$35-40bn (£18.6-21.2bn) following the earthquake in 2011.