News
Top Stories
The top 10 stories from www.insuranceinsight.eu last week.
Uniqa reports profits up 20% for Q1 2012
The Uniqa Group has reported profit up 20.2% in the quarter one of 2012 to €54.4m (Q1 2011: €45.2m).
Consumers will suffer if Indian insurers can't increase rates
Pricing is a major challenge for India’s insurance industry, according to the new head of Bajaj Allianz General Insurance.
Axa Gulf launches roadside assistance with money back guarentee
Axa Gulf has launched a one-hour guaranteed roadside assistance service, in case of an emergency or breakdown, for all subscribers.
Dann leaves JLT for Miller
Broker Miller Insurance has hired former JLT sales leader Warren Dann in a bid to further expand its book of large corporate clients.
Ex Zurich CFO joins Deloitte GI actuarial division
Business advisory firm Deloitte has appointed Alex Poracchia as a new partner in the general insurance actuarial team.
Aviva Ireland agrees branch network sale with One Direct
Aviva Ireland is to sell part of its branch network business to general insurance provider, One Direct after three months of evaluations.
Londoners most reluctant to buy home insurance, survey finds
Londoners are most likely to decide not to take out home contents insurance, research by Confused has revealed.
Olympics Countdown: Q&A with Andy Tennant
With the Olympics are just nine weeks away, Davies-sponsored Team Pursuit 2012 World Champion talks to Post about gold medals, farting teammates and sticky toffee pudding.
Willis appoints new CEO for Norway
Willis Group has appointed Nils Arne Fagerli CEO of Willis Norway AS, effective immediately.
Quindell buy boosts telematics credentials
Quindell Portfolio has said its acquisition of software solution provider IT-Freedom will provide much-needed extra capacity for July, when it will emerge from the first mover advantage restrictions granted to its insurance technology charter client…
Wait goes on for industrial disease victims' compensation
A specialist industrial disease lawyer has called for greater urgency to redress the fact that victims of asbestos-related illnesses are still dying without compensation - two years after the government finished consulting on plans to set up an insurance…
Insurers and brokers too resistant to change
Resistance to change is the biggest weakness for insurers and brokers, according to a survey by JLT at the 9th annual Global Communications, Technology and Media forum in Salzburg.
Near norm Atlantic hurricane season predicted
Hurricane activity in the 2012 Atlantic season is likely to be close to the long-time norm values, but 10-40% below the norm values for the past 10 years, according to a forecast by Tropical Storm Risk.
Motor insurers urged to aim for profit
Motor insurers need to do more to improve profitability and return their collective underwriting loss back to the black.
Suspected bogus broker arrested
City of London Police have arrested a suspected bogus insurance broker in a raid on a Bradford home.
Greek exit could drive further insurer downgrades
Future ratings action on Italian and Spanish insurers is more likely to be driven by the macro-economic environment and sovereign rating than the idiosyncratic credit fundamentals of a particular insurer, Fitch said today.
Experian joins forces with Transactor
Insurance software house Transactor Global Solutions has launched a data enrichment service using data from Experian.
Aviva exiting South Korea and Sri Lanka, reports say
British insurer Aviva is putting its South Korean and Sri Lankan businesses on the auction block, according to reports by Reuters news service and the Chicago Tribune.
CII encourages apprenticeships with new guide
The Chartered Insurance Institute has launched a guide for insurers to help them get the most of their apprentice employees.
Mapfre appoints Midlands boss
Adrian Cairns has been appointed regional manager for the Midlands at Mapfre Abraxas.
Free webinar: The property and casualty market in south east Asia
Post and Insurance Insight in conjunction with the Chartered Insurance Institute recently held a free webinar on the property and casualty insurance markets in south east Asia.
Italian broker Golinucci launches PI aggregator site
Italian broker Golinucci Assicurazioni has launched an online comparison site for professional indemnity insurance for the Italian market.
Nationwide slams CMCs as PPI wipes £103m from balance sheet
Nationwide has backed calls for tighter regulation of claims management companies after setting aside £103m to meet the cost of payment protection insurance claims.