This Week in Post: Winter wine and Amazon advances
This week I attended a briefing on hostage negotiation skills organised by an underwriting association and a wine tasting hosted by a rehabilitation provider.
The insurance industries activities can be so varied that it is perhaps no surprise that others want a piece of the action. Amazon is reportedly recruiting insurance professionals in London to join a new team looking to disrupt the insurance market in the UK, Germany, France, Italy and Spain.
Meanwhile, the Financial Conduct Authority launched a study into wholesale insurance as it wants to check how commercial cover is bought and sold in Lloyd’s.
Another type of investigation showed that an underwriter used fake names to make 13 fraudulent insurance claims worth more than £19,000 over the course of seven years.
In other news, Bollington merged with Wilsons Insurance Brokers after securing investment funds from private equity firm Inflexion. And Q3 results were announced for Allianz, Ageas, Zurich, JLT, Generali, Munich Re and Zhong An.
Our interview is with BLM’s Mike Brown and Alistair Kinley. The insurance lawyers talk about the uncertainties fuelled by Brexit and the discount rate, and describe how artificial intelligence can be used in claims litigation.
In our C-suite, Vincent Branch, CEO of Accelerate at XL Catlin, precisely discusses the love affair of insurers with AI, while Richard Beaven, distribution director at Swinton Group, explains why the industry needs LGBT role models. Peter Staddon, managing director at the Managing General Agents’ Association, urges the sector to support the upward mobility of young professionals.
Our analyses this week focus on the evolving risks facing the energy sector and the increase in cargo theft.
Now that is something Amazon might want to focus on as some of us may start to do some Christmas shopping online this weekend.
See you soon at an industry event!
Cecile Brisson, features editor
@PostCecile
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@postonline.co.uk
More on Broker
Diary of an Insurer: Consilium’s Roxy Zeb
Roxy Zeb, partner in Consilium’s professional and executive risks team, talks about getting back into the Lloyd’s and the London market after 10 years in Australia, her desire to inspire and drive greater diversity, as well as her love of property renovation.
WTW’s Read on broker consolidation
View from the Top: John Read, managing director of WTW Networks, explains the role of broker networks in the consolidation cycle.
Roundtable: Scaling up new technology while avoiding the pitfalls
Many commercial insurers and brokers are keen to adopt more automation and AI to drive efficiency and improve customer outcomes. However, the complex and bespoke world of corporate insurance means they face greater challenges than in the personal lines/SME sectors.
Cila boss’s son gets approval for ‘challenger broker’
Chris Bissell, son of Chartered Institute of Loss Adjusters’ executive director John Bissell, has received Financial Conduct Authority approval for his broker firm Bissell & Partners.
Biba’s Trudgill on attracting fresh talent to insurance
Trade Voice: Graeme Trudgill, CEO of the British Insurance Brokers’ Association, reports on the body’s efforts to pitch a career in insurance to school pupils.
Howden’s Will Bloomer passes away unexpectedly
David Howden, CEO of Howden Group, has paid tribute to his organisation’s chief corporate and legal affairs officer Will Bloomer, who passed away “suddenly and unexpectedly” last week.
There is still time to complete the Best Insurance Employer 2024 survey
Insurance Post has extended the deadline to be included in the 2024 Best Insurance Employer Survey.
Q&A: Aviva’s Ryan Birbeck and Michael Yabantu
Aviva’s Michael Yabantu, managing director of mid-market, and Ryan Birbeck, broker and client development director, sit down with Insurance Post to talk about the internal changes Aviva has made to make access easier for brokers, what product lines it hopes to explore over the next 12 months, and why the London Market is a “key area” for growth in 2024.
Most read
- Aviva CEO warns home insurance premiums need to go up
- Integration and restructuring costs push RSA to 2023 loss
- Which urges FCA to take action on premium finance following investigation