News
Compare the Market working with Cambridge University on AI
Compare the Market and the University of Cambridge have committed to a long-term academic partnership involving data science and artificial intelligence skill development, Insurance Post can reveal.
Chubb accused of coal underwriting u-turn
Chubb has reportedly reversed its coal underwriting policy by becoming the lead reinsurer for a coal-fired power plant in Vietnam.
DWF and insurers win in personal injury data dispute
A High Court judgment has dismissed claims against DWF Law brought by Ersan and Co Solicitors, reinforcing the rights of insurers and their legal teams to process data in suspected fraudulent personal injury claims.
African insurer to return to the UK as a Lloyd’s Syndicate
African insurer Santam has been granted in principle approval by Lloyd’s to launch a syndicate.
Does the FCA’s premium finance inaction show a lack of ambition?
Briefing: After years of signalling action, the Financial Conduct Authority has finally issued an update on its premium finance market review and while Scott McGee observes the watchdog said surprisingly little, those thinking the regulator is backing…
FCA admits profiteering didn’t push up insurance prices
The Financial Conduct Authority has acknowledged the recent surge in motor insurance premiums was driven primarily by external cost pressures rather than excessive profiteering by insurers.
FCA lays out road map to tackle motor insurance costs
The Financial Conduct Authority has outlined what caused motor insurance costs to skyrocket in recent years and explained the steps the regulator, providers and the government should take to reduce premiums.
MIB pledges to end uninsured driving
The Motor Insurers’ Bureau has committed to ending uninsured driving for good, as part of a new five-year strategy.
AI models threaten to ‘blow apart’ price comparison sites
Artificial intelligence large language models such as ChatGPT are set to “blow apart” price comparison website distribution, according to Stella Insurance CEO Sam White.
Fairer Finance accuses insurers of penalising poorer families
Consumer group Fairer Finance has accused UK car and home insurers of fuelling a “poverty premium” through opaque and data-heavy pricing models that penalise lower-income households.
Monzo’s new cover; Aviva boosts renewables; Laka raises £7.7m
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Exmouth community fights Allianz bid to fell 200-year-old oak tree
A community in Exmouth, Devon, has held a demonstration to oppose LV felling a 200-year-old oak tree due to subsidence.
£5m leasehold class action launched as legal papers issued
A class action lawsuit led by City lawyer and leaseholder Liam Spender launched today (17 July), with legal papers submitted to four freeholders and an advisory firm owned by Gallagher.
Insurance Post journalists win Headlinemoney Awards
Insurance Post’s news editor Scott McGee and senior reporter Damisola Sulaiman walked away with two of the top Headlinemoney Awards trophies.
Woodgate & Clark flags uptick in neurodiverse fraud referrals
Woodgate & Clark has seen an uptick in fraud referrals involving neurodiverse customers.
John Neal to lead AIG’s global GI business
Former Lloyd’s CEO John Neal will join AIG as president in December, reversing course on a previous decision to join Aon.
Tesco names insurance CEO after split from bank
Tesco has named Craig Bundell as CEO of Tesco Insurance and Money Services, following its split with Tesco Bank.
Pearson Ham reveals wide price gaps in landlord insurance
Pearson Ham has launched a landlord insurance price tracking service and has uncovered significant disparities in what landlords pay for property insurance.
Aviva and Zurich highlight inadequacy of UK climate action
Aviva and Zurich Resilience Solutions, as part of the Green Alliance Adaptation Taskforce, have concluded that 65% of UK actions to address the biggest climate risks are currently inadequate.
Jensten to refinance after failing to secure sale
Insurance Post understands Jensten is due to announce another refinance in the coming weeks, after again failing to secure a sale.
Industry welcomes launch of captives regime
The insurance industry has welcomed the Chancellor’s announcement launching a captives regime in the UK.
Biba urges chancellor to stop downward spiral
British Insurance Brokers’ Association CEO Graeme Trudgill has written an open letter to chancellor Rachel Reeves asking her to put a stop to the “downward spiral of productivity” ahead of her Mansion House speech tomorrow (15 July).
Close pulls back from PL; Howden’s crypto cover; Axa’s CFO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
ABI reveals £104m Covid fund’s impact
The ABI has announced a partnership with the National Emergencies Trust alongside the publication of a report outlining the impact of funds donated to a range of charities by the industry during the Covid-19 pandemic.