News
HF’s Preston outlines Car Wash’s goals after one million cases
Using AI-enriched data analysis to refine rules based on real life results such as court outcomes will be the next stage for motor insurance's anti-fraud software says Rick Preston partner and head of intelligence at HF.
Zurich UK promotes for commercial lead as Streidl departs
Zurich UK has appointed Anita Gabat as head of commercial insurance.
Lloyd’s gathers to remember 9/11 victims 25 years on
Lloyd’s, Aon and Marsh gathered to mark the 25th anniversary of the 9/11 terrorist attacks today (11 September), remembering those who lost their lives.
Crif’s fraud platform; Brown & Brown enters Scotland; Cila’s president
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
FCA set to simplify fair value measure data reporting
The Financial Conduct Authority has proposed plans to reduce the reporting burden on firms surrounding the fair value measures data.
Zurich's Harvey says climate change hazards must be broadened
Insurance responses to climate change need to be broadened out to multiple hazards says Zurich Resilience Solutions’ specialist risk engineer James Harvey.
FCA weighs AI challenge as ChatGPT reshapes insurance distribution
The Financial Conduct Authority is considering a review of whether its regulatory perimeter needs to expand as growing numbers of consumers turn to artificial intelligence tools such as ChatGPT for help choosing an insurance policy.
City minister urges insurers to tackle economic abuse
City minister Lucy Rigby has called on insurers to step up efforts to identify and tackle economic abuse, urging firms to embed safeguards into product design and customer services.
Q&A: Tom Williams, Markerstudy
Tom Williams, group head of sustainable business at Markerstudy Group, talks to Insurance Post about the provider achieving the highest EcoVadis standard and how insurers can influence eco-friendly behaviour from customers to suppliers.
ABI urges insurers to strengthen support for abuse victims
The Association of British Insurers has produced two guides to help customers and colleagues experiencing economic abuse, setting out steps to support those affected.
Boycott Bloody Insurance change tactics and plan global protest
Boycott Bloody Insurance has revealed protests against the insurance industry will become more artistic and expand into the regions.
AI leap allows insurer websites to quote directly to LLMs
Artificial intelligence agents can now obtain real insurance quotes directly from websites without customers having to identify or install an insurer’s AI app, according to WaniWani.
FCA continues to scrutinise premium finance APR outliers
Chris Knight, the Financial Conduct Authority’s new director of insurance, has revealed he wants to see premium finance annual percentage rates fall further.
AND-E’s leadership programme for women aims to avoid ‘internalising’ issues
Training for women in insurance needs to move away from skills to focus on behaviour to avoid further burnout, AND-E’s head of organisational development Pamela Avornyo has said as the firm reports positive outcomes from its inaugural programme.
DCL racing to number one with Tokio Marine backing
Direct Commercial founder and CEO Phil Cunningham has told Post the MGA is chasing the top spot in haulage and commercial fleet following its sale to Tokio Marine HCC.
Autoglass warns insurers over risks of excluding windscreen cover
An increase in stripped-back motor insurance products entering the market over the last six months has prompted a warning that customers may not fully understand the financial consequences of choosing policies without glass cover.
Aviva launches specialty hybrid fronting for MGAs
Aviva has launched a new MGA hybrid fronting proposition through its Global Corporate & Specialty business.
Brewis on regrets the FCA didn't go further on fair value
Former Financial Conduct Authority head of insurance Matt Brewis has said he wishes the regulator had gone “further along the journey of fixing fair value assessments”.
McGill sold to EQT for $2bn
McGill and Partners and private equity firm EQT have entered into a definitive agreement in which the latter will acquire a majority stake in the former for $2bn (£1.5m).
Markel’s clinical trial product; Tower eyes £100m GWP; Coversure’s office
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Holiday fraudster jailed after £300k in false medical claims
More than £300,000 was fraudulently claimed by a man in a series of “sophisticated” travel medical emergency claims to Direct Line Group, the Post Office and Great Lakes Insurance SE resulting in a multi-year prison sentence.