News Analysis
Clyde & Co enhances cyber offering; Axa Retail launches digital-only brand; Allianz welcomes 37 flexible graduates
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Industry responds 'sensitively' to event cancellation in wake of Queen’s death
Organisers have seen many of their events cancelled since the Queen passed away earlier this month, despite clear guidelines from the government. However, the insurance industry has responded to these cancellations with sensitivity
Insurance industry remembers Her Majesty The Queen
The insurance industry has been remembering Her Majesty Queen Elizabeth II after she sadly passed away at Balmoral.
Howden Re and Tiger Risk create 'largest MGA'; Aston Lark Ireland makes another purchase; Gallagher appoints claims director
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Analysis: Reinsurance in a critical period after showing signs of resurgence
As reinsurers head to Monte Carlo for the annual Rendez-Vous de Septembre , Post reviews recent market reports, where reinsurers have been advised to "lean into the market" after years of struggle.
Gallagher partners with Novidea; Zego teams up with QBE; Markerstudy appoints head of fraud
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Analysis: Tough times ahead in the inflationary storm
With the UK inflation rate hitting a 40-year high of 10.1% and claims costs rising, Post investigates what is steering this inflation, and what the industry is doing to mitigate the pressures that come with it.
Marsh launches hydrogen product; Seventeen Group makes two acquisitions; Home insurance premiums fall slightly
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Swiss Re loses discrimination case after boss made sexist remarks to underwriter
A former junior underwriter at Swiss Re has won her sexual discrimination suit against the company, after she was wrongfully dismissed following sexist comments from her boss.
Self-driving cars could be on the road ‘next year’ under government plans
The government has pledged £100m to “revolutionise travel” and see automated vehicles on the road by 2025, but some vehicles with self-driving features could be operating on motorways within the next year.
Insurers warned to 'stop relying on consumer data' as opportunistic fraud booms
The insurance industry has been warned to move away from data that is susceptible to manipulation, and to focus more on “accurate, trusted data” as it grapples with opportunistic fraud activity as the cost-of-living crisis increases pressures on the…
Imprisoned underwriter ordered to pay Axa XL £6.5m
A disgraced, imprisoned underwriter, who funnelled millions of pounds out of contracts with Axa XL has been ordered to pay £6.5m back to the insurer.
Lemonade told Metromile staff ‘everyone will have a role’ before cutting 20%
Following the completion of the acquisition of Metromile, US firm Lemonade has promptly laid off 20% of its workforce, around 60 people, but had previously told them that they all had jobs lined up.
Blame laid at the OIC portal for unexpected fall in PI motor claims since pandemic
Personal injury motor claims decreased despite more traffic since the pandemic, according to CRU figures, with blame being directed towards the government portal
Analysis: One year on, is the whiplash portal working or heading for a crash?
With the Official Injury Claim portal celebrating its first birthday on 31 May, Post investigates how it has fared over the past 12 months.
Citizens Advice ethnicity penalty campaign a ‘wake up call to FCA’
Citizens Advice ethnicity penalty report must be "a wake up call to the Financial Conduct Authority” to act on its promise to HM Treasury as insurers face warnings the fallout from this could be as far reaching as the Test Achats gender ruling.
Analysis: How dual pricing reforms are shaking up insurance
Post investigates what changes the industry has seen following January’s dual pricing reforms, and if insurers are following the right path on price walking.
Seven things Insurance Post learnt from its senior MGA executive roundtable
Insurance Post, in association with GreenKite Associates, recently held a roundtable attended by CEOs and other executive members from a range of managing general agents.
Analysis: E-scooters – the view from Europe
As UK e-scooter trials are extended, Post looks at what lessons the UK could learn from its European neighbours
Analysis: Illegal e-scooters hit insurer claims reserves to tune of 'hundreds of thousands'
Insurers are already reserving ‘hundreds of thousands’ of pounds for collisions involving third-party private e-scooters – but the vehicles aren’t legal on public roads yet.
Analysis: Mind the gender health insurance gap
Post investigates allegations of gender discrimination in health insurance and asks how concerns could be addressed
NFP buys KGJ as it continues UK expansion
US headquartered insurance broker NFP has acquired KGJ Insurance Brokers for an undisclosed amount.
Analysis: The claims sector in a post-reform world
The launch of the whiplash portal has made it more difficult for firms to make money handling small claims, leading to firms reassessing their models. Post investigates what the sector will look like in a post reform world.
Green parts: Driving sustainability into the supply chain
Motor insurers are increasingly looking to green parts in the drive towards sustainability.