News
Brokers push for faster transition to rival software companies after SSP outage
Brokers that were already in the process of migrating from SSP to rival software company Transactor, have asked to have the transition processed quicker following the outage on the Pure platform last week.
QBE reduces Hong Kong workforce by 20 for "better efficiency"
Australia-headquartered global insurer QBE informed 20 of its Hong Kong staff on 6 September they were being made redundant.
In the September issue of Post
The London Fire Brigade, the anniversary of the great Fire of London and the Top 30 European insurer ranking are in the September issue of Post.
Penny Black's Social World - September 2016
Throwing ideas, sponges and a party
More than 40 brokers back online after SSP outage
SSP has divided its brokers into four segments and is uploading the data of each in succession, Post has learned.
Axa Belgium to cut 650 jobs in strategic restructure
Axa Belgium has announced a strategic plan for 2020 that could lead to up to 650 redundancies.
Cunningham Lindsey looks to counter surges in lower value building claims
Cunningham Lindsey has launched Invisio, an independent validation service for lower value domestic and commercial buildings claims.
Insurtech booms as investment triples in the UK
Investment in insurtech so far this year is already triple that of the whole of last year, making it one of the UK's fastest growing sectors.
Justice minister to speak on whiplash reform at ABI motor conference
Newly appointed justice minister Oliver Heald will give the keynote presentation at the Association of British Insurers’ Motor Conference.
Helvetia reports increased underlying earnings and new corporate structure
Swiss insurer Helvetia Group has reported an increased underlying earnings of 8% to £238m in the first half of 2016 (2015: £220.9m).
One Commercial appoints Davies Group as claims partner
One Commercial has appointed Davies Group as its claims handler across all lines.
Nelson: Brexit is an opportunity to offload ‘burdensome’ regulation
Lloyd’s chairman John Nelson has called for the UK to abandon “overly burdensome” regulation following Brexit.
RGL Forensics expands to Europe with Frankfurt office
RGL Forensics has expanded into Europe through acquiring an overseas office in Frankfurt, Germany and the company has appointed Christian Skodczinski as an RGL partner and head of the new office.
PPI complaint numbers still 'significant challenge', ombudsman warns
The Financial Ombudsman Service said the number of payment protection insurance complaints it receives is still a “significant challenge”.
SSP restores limited service to handful of brokers
A handful of brokers have been given limited functionality on SSP's Pure Platform, 11 days after the service was downed by a power outage, with promises that the full service will come later.
Insurers selling cyber cover are themselves open to risks from hackers
Big players risk damage to brand if they don’t properly protect themselves
Octo adds Axa and LV to telematics offering
App-based telematics provider Octo Telematics has added four insurers to its free smartphone driving app Octo U.
Hurricane Hermine insured losses estimated at over $500m
Hurricane Hermine, which has killed two people and left over 250,000 people without power in Florida and Georgia, is expected to produce in excess of $500m (£375m) worth of insured losses.
R&Q ‘back in the black’ after turnaround in results
Randall and Quilter has announced a pre-tax profit of £1.2m for the first half of 2016, a turnaround from a £4.5m loss in the same period last year.
#Post People 5 - 9 September 2016
Check out the latest market moves.
Brexit is opportunity to abandon ‘mad’ gender directive
Female drivers in the UK could have saved £500m every year since the European Union’s Gender Directive was introduced.
Insurance Revolution joins Integro Insurance Brokers
International broker and risk management firm Integro Insurance Brokers have announced the acquisition of Insurance Revolution.
Lloyd’s chairman hints at post-Brexit EU underwriting hub
Lloyd’s chairman John Nelson has hinted that the corporation would establish an underwriting hub in Europe if the UK loses single market access.
SSP begins to move brokers to secondary data centre
SSP is moving brokers to a backup data centre in West London, as the power outage that stopped business last week rolls on to its 10th day.