News
Insurtech funding bounces back with 90% uptick
Global insurtech funding surged 90.2% quarter-on-quarter to $1.31bn (£979m), according to the Gallagher Re's Global Insurtech report for Q1 2025.
Most complained about general insurers revealed
Admiral, Aviva, Direct Line, Axa and RSA were the most complained about general insurers in the latter half of 2024.
GTA credit hire rates see 'lower than inflation' increases
Maximum daily hire rates that sit within the General Terms of Agreement protocol have increased by just 5.78% on average during the last decade, according to research from the Credit Hire Organisation.
Ageas unifies customer records using LexisNexis tech
Ageas has partnered with LexisNexis to take policyholder data across all platforms and collate it down to a single identity for each customer.
Premium finance costs continue to decrease amid regulator scrutiny
The cost of financing insurance premiums has fallen since October 2024, the latest data from Pearson Ham has revealed.
Clear rebrands MGA arm; Sapiens acquires AdvantageGo; Markel’s head of tech
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Aviva to sell HNW policies through Lloyd’s
Aviva is developing a high-net-worth product it can sell through its Lloyd’s platform, Probitas, Insurance Post can reveal.
Zurich CEO outlines plan to compete on value rather than price
Drazen Jaksic, CEO of Zurich UK, has shared he won’t be slashing the price of the provider’s general insurance policies anytime soon in a bid to swiftly grow the business.
Group sentenced for £320k crash-for-cash scheme
Members of an organised crime group have been sentenced for their roles in a £320,000 crash-for-cash scheme.
Law firm executives deny ‘missing millions’ charges
Five former executives of shuttered law firm Axiom Ince have pleaded not guilty to all charges brought against them by the Serious Fraud Office in relation to approximately £66m of missing client money.
Aviva refreshes and relaunches HNW offering
Aviva’s private clients managing director Ann Owen has revealed how the insurer has revamped and relaunched its high-net-worth offering, following its Azur and Axa XL acquisitions.
Insurance complaints take a slight dip
The Financial Conduct Authority’s latest data has shown insurance and pure protection complaints decreased 6% from 764,272 in the first half of 2024 to 718,496 in the second half.
Laka CEO says insurtech ‘desperately’ needs success stories
Tobias Taupitz, Laka CEO and co-founder, has argued that the insurtech landscape needs more successful exits.
Aspen launches IPO
Aspen Insurance Holdings Limited has today launched its initial public offering of 11 million Class A ordinary shares, par value $0.001 per share.
Esure launches its own motor ownership app
In early March, Esure rolled out its own motor ownership app, having learned lessons from peers attempting to do the same.
Bain Capital considering hefty investment in Acrisure
The US-based Insurtech is reportedly in talks to receive a large investment from a group led by Bain Capital’s special-situation arm.
Half of UK brokers recruiting to fuel business growth
While the number of brokers actively looking to recruit has decreased, Aviva’s latest Broker Barometer has suggested those looking to recruit are doing so because they want to fuel business growth.
Carbon Underwriting CEO retires due to MS
Carbon Underwriting co-founder and CEO Nick Tye is retiring from the business following a diagnosis of progressive multiple sclerosis.
Ignite CEO Toby MacLachlan departs
Founder and CEO of insurance software provider Ignite Insurance Systems Toby MacLachlan has confirmed he has departed the business following nearly a decade at the helm.
Storm Éowyn losses creep up to £592m
Perils has increased its industry loss estimate for Storm Éowyn to €696m (£592m).
Aviva’s claims chief Waseem Malik departs
Aviva has confirmed the departure of its chief claims officer, Waseem Malik, with immediate effect, just over three years after he joined the business from Axa.
Ecclesiastical’s new office; Ventis deal; Rokstone hire
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Motor repair skills gap still a concern that needs addressing
Experts have addressed the ongoing issue of a lack of skilled technicians being able to service more complex vehicles at the point of claim.
Is Esure enough for Ageas?
News Editor’s View: After securing two acquisitions, Scott McGee asks if Ageas will look to acquire more rivals in the future to ensure it is a top three personal lines provider or whether it will focus more on organic growth.