News
Insurers to appeal against mixed injuries whiplash judgment
The Association of British insurers has confirmed that insurers are looking to appeal against the mixed injuries whiplash judgment handed down at the Court of Appeal in January.
Weather and inflation turn up the heat on Allianz Holdings’ profit
Allianz Holdings saw its 2022 operating profit more than halve as a result of higher-than-expected inflation and continued disruptive weather, CEO Colm Holmes has said.
Scor extends Concirrus partnership; GRP makes fifth 2023 acquisition; Go Compare founder joins TCI
Friday Round Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Liberty and Aon BI wordings to be the subject of October trial
Several business interruption cases, in which Liberty Mutual is a defendant, will be heard together over the course of a five-day trial in October.
Neurodivergent people under-supported in the workplace, claims Gain
Gain, the Group for Autism, Insurance, Investment and Neurodiversity says neurodivergent people are facing “disparity” in the workplace, and will end up falling through the cracks like other groups in the industry.
Coalition reports strong UK launch as organisations look for non-restrictive cover
Cyber insurance provider Coalition says it has outstripped its expectations in its first six months of trading in the UK, attributing this in part to the proliferation of ransomware sublimits in the market.
Fluffy CEO reveals plan to stand-out from the pet insurance crowd
Pavel Gertsberg, CEO of Fluffy, has revealed how he intends to make pet insurance pricing more transparent and affordable in a bid to bridge the 40% to 60% protection gap that currently exists in the market.
Liberty Mutual faces fresh wave of BI court battles
Liberty Mutual is facing a growing number of lawsuits over business interruption insurance, with a group of racecourses and pub chain Fuller’s the latest to join the ranks of organisations suing the insurer.
CII leader who was tasked with transformation exits
John Bissell is stepping down as chief operating officer of the Chartered Insurance Institute after six years.
Trade Voice: Mass’s Sue Brown on why the OIC portal has been a resounding failure
Sue Brown, chair of the Motor Accident Solicitors Society, argues that the criteria by which the success of the Official Injury Claims portal has been judged have continually shifted and takes aim at what she sees as the MoJ’s latest excuse.
Marsh under fire for acting as insurance broker for pipeline
Campaigners Insure Our Future have written to the CEOs of Aon, Gallagher, Marsh and Willis Towers Watson asking them to refuse to broker insurance for the East African Crude Oil Pipeline.
Is Tesla's imminent UK insurance entry the 'revolution' that has been threatened?
Analysis: After Insurance Post reported Tesla had submitted Companies House listings to set up an in-house insurer in the UK, we examine is this good or bad news for electric vehicle drivers?
Justice Committee launches inquiry into impact of whiplash reforms
The Justice Committee has today launched an inquiry into how whiplash injuries resulting from road traffic accidents are processed following reforms to the legal framework introduced in 2021.
Government seeks insurance support for carbon storage projects
Insurers are being encouraged to come up with solutions for carbon capture and storage projects, with both prospective clients and the UK government leaning on the industry for support.
Ticker launches convicted driver product; Apollo partners with Moonrock; Close Brothers appoints MD
Friday Round Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Government urged to move to regulate sales of e-scooters
MPs have been urged to speed up the process and end the ambiguity over how e-scooters can be used.
Aviva changing approach for customers with mental health conditions after ‘asking too many questions’
Aviva has acknowledged it has asked “too many questions” to people who reveal mental health conditions, and that it needs to do more to support these customers.
Zurich UK’s profits down £67m due to claims inflation
Zurich UK has posted a profit of £403m for 2022, compared with £470m in 2021, with bosses blaming the dip on the impact of large losses, claims inflation and the very strong prior-year result.
Big freeze pushes RSA's personal lines to Q4 underwriting loss
Adverse weather drove RSA’s personal lines business to an underwriting loss in 2022, with freezing winter temperatures and dry summer conditions pushing its full-year combined ratio to 106.2%.
Consilium's co-CEOs are targeting £1bn GWP by 2026
Consilium's co-CEOs James Baird and Paul Richards say the focus for 2023 is growing speciality areas, and to deliver £1bn in gross written premium by 2026.
Menopause still a ‘taboo’ subject for women in insurance
Vicky Wallis, chief people officer at Direct Line Group, expressed concerns that if the “culture is not right” for women in the industry, they can’t have open conversations about the menopause.
Martin Lewis tells FCA to investigate insurers
Campaigning journalist Martin Lewis called on the Financial Conduct Authority to urgently investigate whether travel insurers are making fair decisions about customers with mental health problems – and to punish those that are not.
Insurers trapped with ill-designed systems, claims Peppercorn CEO
Nigel Lombard, Peppercorn founder and chief executive, believes insurers are trapped with processes that were designed very much on the provider’s agenda, rather than on the customer’s.
Meet the 2023 Claims Apprentices
Ahead of the new series of Claims Apprentice, sponsored by Kennedys, we are delighted to introduce you to our six finalists, who have made it through the interview process and onto the fourth run of the popular video show.