Claims
This week in Post: Renewing your motor policy? That’s Numberwang
Renewing your motor insurance policy as a consumer feels like an instalment of Numberwang, with numbers seemingly plucked out of thin air.
Blockchain-based insurtech company could settle claims in seconds
Blockchain based insurtech company Iclaims has come up with an app-based solution that could settle single item claims in seconds.
Axa's Brendan McCafferty on the consequences of the discount rate
There must be a better time to start your role as the CEO of an insurance company. A few weeks into the job, I arrived at work on a Monday morning knowing a decision had just been made that would simultaneously hike premiums for millions of motorists and…
Riding into the danger zone
The nature of their work means journalists and aid workers are often running into danger zones while others are looking to get out. Both professions have significant need for insurance but have sometimes struggled to obtain the cover they need at a price…
Tesla could enter insurance market with in-house policies
Tesla is planning to enter the insurance market with its own policies if industry products don’t reflect the needs of drivers.
Insurers ‘missed chance’ to influence insurance rules over drones
Insurers are sleepwalking into legislation over drones that they have had no role in shaping, it has been warned.
'White Van Man' hit with 14% van insurance hike
The rising cost of van insurance is adding to the financial pressure on the "White Van Man", according to Consumer Intelligence.
Pool Re: The changing face of terrorism
The number of terrorist incidents on UK soil has dropped since Pool Re was set up, with Irish republican paramilitary attacks giving way to less frequent strikes by radical Islamic terrorists, however, the threat to the country remains as severe
Blog: Ogden predicted a nasty surprise way back in 1984
The late Sir Michael Ogden might be chuckling somewhere at the recent discount rate events.
Car accidents rise in Singapore as total claims fall
The General Insurance Association of Singapore is investigating why car accidents climbed last year while the total payout in motor claims fell.
30 claims handler jobs at risk at Direct Line
Direct Line Group has placed 30 claims handler jobs under review.
ABI's James Dalton on sorting out the discount rate mess
I am living the discount rate at the moment. I have lost count of the number of meetings I have attended, legal opinions I have read and conversations with insurance company CEOs I have had on this complex issue.
Over 850 claims from weekend Auckland flooding
Over 850 insurance claims have been received by New Zealand's insurers after flash floods in the Auckland area.
Minster Law to close York office
Personal injury firm Minster Law will close its York office and offer the approximately 300 affected staff positions in Wakefield, although some site-specific roles will no longer be required.
Blog: Insurers could regret whiplash reforms
In the end, the whiplash reform moved remarkably quickly. After 12 months of deliberating, we only had six weeks of consultation, followed by seven weeks of considering what to do. The tangible result was the compiling of seven hurriedly drafted clauses…
Digital Insurance Collective: AI poses threat to insurance jobs
The financial services industry is at risk of experiencing a job shortage due to the rise of artificial intelligence and related technology.
US and Australian storms hit insurers with more than $1bn bill for February
An early start to the severe weather season has resulted in a $1bn (£820m) insurance toll in Australia and the United states, according to an Aon catastrophe report.
Esure unveils plan to ride out reinsurance rate rises
CEO also says business will 'shrink' home portfolio
Lack of data access holding back fight against fraud
Changes to Irish claims laws are cutting down on fraud and the rising levels of awards but the lack of insurer access to driver data is holding the industry back, a top judge has said.
Charles Taylor completes integration of Cega
Charles Taylor has completed the integration of medical and travel claims firm Cega into the wider group.
Esure profits up 18% despite taking a battering in home market
Esure has seen profits rise by 18% despite losses in its home segment from weather claims.
Fitch issues gloomy warning for company market in wake of Ogden rate changes
Fitch has issued a gloomy warning for the UK non-life company market this year in the wake of the Ogden rate cut.
Aviva to focus on cost-cutting in wake of restructure
Aviva will look to make cuts in areas of the business that overlap following the recent restructure.
ICO fines nuisance call firm using customer data from brokers
A Hampshire company that made 22 million nuisance calls has been fined £270,000 by the Information Commissioner’s Office.