Commercial
Insurtech funding hits record $6.35bn in 2019
Research by Willis Towers Watson has revealed that $1.99bn (£1.52bn) of global investment into insurtechs in the final quarter of 2019 propelled the yearly total to a record $6.35bn, a leap of 52% on the previous year.
Six insurtech start-ups to watch in 2020
It is now five years since I did my first ever 'Insurtechs to Watch Blog', when in 2016 I included Brolly, Digital Risks, Trov and Wrisk.
A matter of when, not if, for personal lines parametric insurance: Scor's Jonathan Clark
Parametric insurance is unlikely to replace conventional indemnity products, but there is a strong likelihood that it will become more widely used, even in personal lines, in the future, a conference heard.
Members voice support for Marsh’s network merger plans
Members of Marsh Probroker, Purple Partnership and Bluefin Network have welcomed the plans to combine the three into one single proposition called Marsh Networks.
People buy insurance to transfer risk, not because you are 'technologically cool': Aon claims boss Harrison
Insurers and brokers should not lose sight of the fact that customers buy insurance to transfer risk, and not because a provider has something “technologically cool,” a conference heard.
Trade Voice: Biba CEO Steve White on the ‘dark art’ of lobbying
The CEO of the British Insurance Brokers’ Association explains how the trade body picks the topics to lobby on and how the organisation seeks to get members’ views heard by decision makers to change the landscape.
RSA aims to have 500 apprentices by 2022
RSA has pledged to double the number of apprentices in the business by 2022.
Blog: 2020 – a year of tipping points
2020 could prove to be a year of significant risk tipping points for insurers, many of them driven by fast-paced political and cultural change says Simon Laird, global head of insurance at RPC.
Hiscox to move 300 jobs across UK from London
Hiscox has confirmed it will move 300 roles out of London over the next two to three years.
Ecclesiastical buys minority stake in Lloyd & Whyte
Exclusive: Ecclesiastical Insurance Group has bought 20% of Lloyd & Whyte for an undisclosed sum.
Insurers expected to be able to distribute green cards electronically
The government has told the Motor Insurers' Bureau that it will enact legislation to allow ‘black-and-white green cards’, allowing insurers to distribute green cards electronically if the UK is unable to strike a deal with the EU by the end of the…
Budget 2020: What are the Chancellor's options on IPT?
Insurers have ramped up lobbying attempts to convince the government to slice the rate of Insurance Premium Tax. Post investigates why they may well have good reason to be worried it could be cranked up the other way.
CII underwriting society launches cyber guide
The Chartered Insurance Institute’s Society of Underwriting Professionals has launched a good practice guide on cyber covering data, coverage, cyber incidents and basic precautions.
Microsoft data breach: Cyber experts warn of knock-on claims effect
Microsoft’s data breach, which saw details of a reported 250 million customers made available online, could leave insureds facing knock-on phishing attempts and the tech giant facing a fine.
Gefion’s solvency struggles continue after regulator action
Troubled unrated Danish insurer Gefion has seen its 2018 solvency ratio plummet after it was forced to restate accounts.
Biba’s Graeme Trudgill joins ELTO board
Graeme Trudgill, executive director of the British Insurance Brokers’ Association has joined the board of the Employers’ Liability Tracing Office.
Coronavirus: Organisations urged to review business continuity and crisis management plans
As the number of confirmed Novel Coronavirus cases hit 2014 yesterday, businesses have been advised to make sure they factor the virus into their risk plans.
Banks push further into UK SME insurance
Banks have nearly doubled their share of the UK SME insurance market in two years, according to research published by Globaldata.
Insurance Monitor: Insurance: facilitator or inhibitor?
In this month’s column, David Worsfold, a long-running commentator on the insurance market, talks about the fallout from the hardening market, the success of Flood Re and his issues with the Insurance Museum
Allianz CEO Bäte calls for tenfold increase in net-zero investments to avert climate apocalypse
Allianz CEO Oliver Bäte has said that the amount of assets institutional investors commit to reaching net-zero greenhouse gas emissions has to increase tenfold before 2050 in order to avert a climate apocalypse.
Q&A: Churchill founder and former chairman and CEO Martin Long
To tie in with his deep dive into the birth of the UK direct insurance market, Jonathan Swift caught up with Direct Line co-founder and Churchill founder and former chairman and CEO Martin Long to talk about the birth and growth of both companies, their…
180 Years of Post - The history of direct insurance in the UK: How Direct Line and Churchill took on the establishment and ended up as merger partners
As Post celebrates 180 years, Post content director Jonathan Swift explores the birth of direct insurance in the UK and how two key early movers Direct Line and Churchill went from rivals to merger bedfellows in a deal that literally 'shook up insurance'.
Australian insurers face further losses of A$514m as hail hits the country
Insurance losses resulting from severe weather conditions from 19-21 January in Australia, are estimated to be A$514m (£269m), according to the Insurance Council of Australia
Henderson to rebrand as Aon this April
Aon expects to rebrand Henderson Insurance Broking Group under its global brand on 1 April, Post can reveal.