News
Insurance Insight – top 10 stories
The 10 most read stories from www.insuranceinsight.eu over the past seven days.
LMA to put co-lead binder claims on ECF
The Lloyd's Market Association has launched a project to increase the volume of co-lead binder claims being managed using the market's ECF electronic claims handling system.
Eurozone crisis and Solvency II undermine Italian insurers' profitability
Italian insurers' growth and profitability is likely to remain subdued until the end of 2013, according to the latest report by Fitch.
Wouldham to head Axa's Maidstone office
AXA Commercial Lines has promoted Paul Wouldham to branch sales manager to lead the team at its soon-to-launch branch in Maidstone.
Sompo Japan and Nipponkoa merge to create global P&C firm
Japanese non-life insurers Sompo Japan Insurance and Nipponkoa Insurance are to merge into a single company in the first half of the 2014 financial year.
Ban on hospital claims management adverts would not work, insists Boleat
Hospital leaflet provider BOE has commissioned former claim management regulator Mark Boleat to compile a report defending its leaflets carrying adverts encouraging NHS patents to sue for damages.
EU foreign policy head confirms exemptions to Iran oil sanctions
Further details have emerged concerning the European Union's decision on Friday to allow some insurance for Iranian oil shipments heading for destinations outside the EU.
Now Health streamlines claims admin for large groups
Health provider Now Health International has removed the requirement for large group members to provide a doctor's signature or original receipts for all new claims, regardless of size.
CED continues expansion in Spain with Tebex takeover
Loss adjusting and claims management firm CED has reinforced its position in Spain with the takeover of Tebex Daño Corporal.
RSA in summer time eyesight plea
RSA's UK & Western Europe chief executive, Adrian Brown, pictured, has warned of an increase in crashes after the clocks jumped forward an hour on Sunday morning. He used the change to call for better eyesight testing of drivers.
UK P&I club to establish UK Europe as sole direct insurance provider
The UK Protection and Indemnity Club has announced that it is reorganising its structure to establish UK Europe as the sole provider of direct insurance to UK Club members.
Saudi Arabia poll result
Is Saudi Arabia the next growth market for insurance?
ISE 2012: Europe should prepare for the worst
European insurers should prepare for the worst but hope for the best according to Chris Smith, global Europe director for RSA.
ISE 2012: EIOPA sees ‘new spirit’ after Solvency II vote
There is a new spirit and momentum to Solvency II following this week’s vote according to the European Insurance and Occupational Pensions Authority.
ISE 2012: UK regulator’s emphasis on board role in risk management could attract “wrong” sort of execs
Following the bank crisis the Financial Services Authority in the UK has focused more closely on the board’s role in risk management in a move which could be bad for non-executive directors according to a legal expert.
Axa Assistance launches motor breakdown app
Axa Assistance has unveiled a motor breakdown app in response to a company poll which showed the vast majority of drivers consider their mobile phone as the most important item in the event of a breakdown.
Xchanging tackles credit control concerns
Xchanging is planning enhancements to its services for underwriters in response to increasing market concern over issues with credit control.
Dissatisfaction could affect credit insurers' ability to recover in future
European credit insurers would be less able to rebound in a future crisis than they were in 2008/2009, according to Moody's latest insurance industry outlook.
ISE 2012: Ebusiness moves beyond selling insurance online to ‘personalised’ service
Insurers need to take ebusiness to the next level and personalise customer journeys to win business according to More than.
ISE 2012: Ageas says multi-channel distribution is essential for European insurers
Keynote speaker at Insurance Strategy Europe Bart De Smet, group chief executive officer at Ageas, told delegates how multi-channel distribution is essential for insurance in Europe and how his firm has restructured to reflect this.
Charles Taylor Consulting set for expansion
Speaking to Post after the release of its results, group chief executive officer David Marock said that the company is looking to expand in Latin America and Asia.
Brightside's "tough love" anti-fraud approach lifts profits
Brightside Group chief executive Arron Banks has cited the company's "tough love" anti-fraud prevention techniques as the reason for its 37% pre-tax profit boost.
RBS names Biggs as Direct Line Group chairman
The Royal Bank of Scotland has confirmed the appointment of Mike Biggs as chairman of Direct Line Group's board of directors.
Tawa shrugs off $21.6m loss in a year of "transforming"
Run-off specialist Tawa reported a loss after tax of $21.6m for the full year 2011, after a profit of $1.8m in 2010.