News
Fraudulent claims prove tempting for motorists, says Go Compare
More than 6% of motorists surveyed by Go Compare said they would consider making a fraudulent insurance claim if the opportunity presented itself.
Insurers to avoid levies on insurance businesses
The International Association of Insurance Supervisors will not issue surcharges across all of insurers' businesses when it releases its findings on 20 March.
Disaster management initiative starts in Australia
The University of Melbourne, IBM and Australia's national research centre NICTA are developing the Australia Disaster Management Platform to help co-ordinate disaster rescue efforts.
Indian regulator reviews broker regulations
The Insurance Regulatory and Development Authority, India's insurance regulator, has formed a committee to review insurance broker regulations.
AA Insurance boss puzzled by timing of Transport Committee inquiry
AA Insurance director Simon Douglas has raised questions over the timing of a Transport Select Committee inquiry calling for evidence on reducing the number and costs of whiplash claims.
Zurich calls for advance way of diagnosing whiplash
Zurich has welcomed the Transport Select Committee’s inquiry into whiplash and called for a more advanced way of diagnosing and proving whiplash injuries.
World Bank and Eiopa commit to developing insurance globally
The European Insurance and Occupational Pensions Authority has joined forces with the World Bank on an initiative to develop the insurance sector.
DAS ready for new legal world with three new ATE products
Legal expenses insurer DAS plans to launch three new after-the-event products in April in response to a raft of new legislation.
Aviva: We are not anti-network
Aviva is confident it will not lose out on any relationships with individual brokers after it breaks ties with Willis Networks, according to the insurer's director of broker distribution, Phil Bayles.
Allianz forecasts stable operating profit in 2013
Allianz chief executive Michael Diekmann said today the firm expects operating profit in the region of €9.2bn in 2013.
Brokers herald White appointment as making 'perfect sense'
Broking bosses have thrown their support behind newly appointed British Insurance Brokers’ Association chief executive Steve White, with many describing the selection as making “perfect sense”.
Equity pair hit with Lloyd’s sanctions
Equity Red Star’s former active underwriter and finance director have been hit with Lloyd’s costs and barred from holding Lloyd’s director positions.
White replaces Galbraith as Biba CEO
Outgoing Biba chief executive Eric Galbraith is to be replaced by the industry body’s head of compliance and training Steve White.
IFB and Acpo to share fraud intelligence
The Insurance Fraud Bureau and the Association of Chief Police Officers have signed an agreement to share intelligence on organised criminal gangs and combat insurance fraud.
Hong Kong GI underwriting profit fell 36% in 2012
Last year the general insurance market in Hong Kong recorded a 13% growth in premiums over 2011, but a 36% fall in underwriting profitability.
50% growth in M&A transactional insurance in Asia, says Marsh
Global demand for transactional risk insurance grew by 41% last year as firms turned to insurance to protect large deals and cross-border acquisitions and sales, according to Marsh
Transport Select Committee seeks further whiplash feedback
The Transport Select Committee has responded to debate triggered by the Ministry of Justice’s whiplash consultation paper by calling for evidence on reducing the number and cost of whiplash claims.
QBE pulls plug on builder's indemnity cover in South Australia
QBE will stop offering builder's indemnity insurance in South Australia from 1 July as insolvencies rise.
Australia government report recommends no subsidies for property insurance
An Australian government advisory report will help protect communities from extreme weather says Insurance Council of Australia CEO Rob Whelan.
Willis Networks and Aviva confirm panel split
Willis and Aviva have mutually agreed that Aviva’s participation as an insurer panel member for Willis Networks will not be renewed upon expiry of the current agreement on 31 December.
Clements opens Dubai office
Clements Worldwide has launched an operation in Dubai, its first on-the-ground location in the MENA region.
Ping An posts 3% rise in net profit
Ping An Insurance (Group) Co. of China posted a 3% rise in its 2012 net profit, the slowest growth in three years, according to the Wall Street Journal.
Clements Worldwide launches Dubai operation
US insurer Clements Worldwide has followed the 2009 launch of its London office with an expansion in Dubai.
Your say: Brokers and insurers must work together
I was interested to read the lead story last week on Insurance Insight with a spotlight on Italy and its progress with e-commerce.