News
Lithium ion vape fires up by a third despite disposable ban
The number of vape fires are up by a third since the disposable vape ban came into force last year, following increasing concerns over lithium-ion fires.
Convex’s new syndicate; Gallagher x FloodFlash; Aon’s commercial CEO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Inside FCA’s AI test: Avantia reveals regulator’s view
Mark Eastham, CEO of Avantia, the sole insurer participant in the Financial Conduct Authority’s Artificial Intelligence Live Testing initiative, has shared what the MGA has gained from direct engagement with the regulator.
Could the Gallagher and PIB deal be back on?
Deputy Editor’s View: Whispers at the British Insurance Brokers' Association conference earlier this month suggest Gallagher could be willing to buy PIB again, less than a year after plug was pulled on a deal and the latter refinanced.
Telematics specialist calls on government to do more on road safety
Industry experts expressed mixed views on next steps after the Chartered Insurance Institute launched a consultation into the role insurers can play in improving road safety for young drivers.
Compare the Market says launching ChatGPT app was ‘easy part’
Compare the Market’s chief operating, technology and data officer Sam Jones has told Insurance Post building a ChatGPT app is easy, it's “the stuff underneath” that is the difficult bit.
Q&A: Will Pritchett, Accenture UK and Ireland
Will Pritchett, insurance lead for Accenture UK and Ireland, talks to Insurance Post about how insurers can cope with changing demands as AI transforms the industry, and how the company’s role in supporting providers is evolving.
Hybrid warfare drives rethink of terror and war coverage
Insurers face mounting pressure to redefine exclusions and pricing as cyber warfare, sabotage and misinformation reshape global risk, according to participants in a panel discussion during London Risk Week.
‘Inappropriate behaviour’ against LGBTQ+ peers in insurance doubles
A survey from Link has found that ‘inappropriate behaviour’ against LGBTQ+ individuals within the insurance industry has doubled in recent years as fewer colleagues are coming out of the closet.
Aviva bets on ChatGPT becoming major sales channel
Aviva expects artificial intelligence-led distribution to become a “material” sales channel for the insurer within the medium-term after becoming the first major UK provider to launch a ChatGPT app.
Big Interview: Callum Beaton, Chartered Insurance Institute
Halfway through his stint as president of the Chartered Insurance Institute, Callum Beaton talks about bringing stability to the professional body, and how it is building relevance with the industry again.
Open GI’s partnership; Axa’s climate platform; Biba’s fresh face
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Allianz Broker ‘punching below its weight’
Allianz Broker’s managing director, Glyn Hughes, has said the business is “punching below its weight” at the moment and has come in with “high ambitions”.
Allianz Partners enters travel gadget market
Allianz Partners has signed a long-term partnership with travel broker Coverwise to launch gadget protection for UK travellers.
Pothole damage continues to cause headaches for brokers
Potholes are becoming are becoming big problem for UK drivers, in turn giving brokers and claims teams a headache.
Beazley leaning on data-driven underwriting in soft market
Beazley is increasingly pushing a data-driven underwriting approach for SME cyber cover in order to maintain discipline in a soft market.
Page and Kielty to step down as Aon CEOs
Aon has announced the appointment of two co-CEOs for EMEA, meaning both Julie Page and Jane Kielty are to step down as CEOs.
Acrisure blames AI for slashing 2250 jobs
Acrisure is cutting around 11% of its global workforce, after chief executive and co-founder Greg Williams told staff advances in artificial intelligence and technology are reshaping how the business operates and serves clients.
House of Lords to probe insurance market
The House of Lords Financial Services Regulation Committee has today (21 May) launched a new inquiry on the regulation of the UK’s consumer insurance market.
Axa aims to double schemes business
Sarah Mallaby, chief distribution officer and mid-market trading director at Axa Commercial, has revealed the provider is looking to double its schemes business as the firm looks to become a “£2bn business”.
Tokio Marine could deploy $10bn in M&A over next 18 months
Brad Irick, managing executive officer and co-head of international business at Tokio Marine Holdings, has said the business can deploy $10bn (£7.4bn) in M&A transactions over the next 18 months.
Allianz’s Ktenidis looks to ‘dial up’ digital offering
Allianz Commercial’s new chief distribution officer Alex Ktenidis has told Insurance Post that he is looking to “dial up” the digital offering of the insurer.
BPL to launch reinsurance division
Credit and political risk broker BPL is set to launch a dedicated reinsurance division, BPL Re, Insurance Post can reveal.
Q&A: Fiona Marry, Bridgehaven
Fiona Marry, recently appointed European chief executive of Bridgehaven, tells Insurance Post about the company’s international expansion plans and what sets the hybrid model apart.