News
Applied Net 2015: Client self service and mobile developments unveiled
Applied Systems has rolled out Applied CSR24 2016, the latest online self-service solution, to UK brokers.
Volvo to accept full liability for autonomous vehicle crashes
Volvo Cars is to accept full liability whenever one of its cars is in autonomous mode, CEO Håkan Samuelsson has announced.
ERS promotes Willis to operations director
Motor insurer ERS has promoted head of personal injury claims Donna Willis to the newly created role of operations director.
Axa foresees driverless car revolution
Driverless cars are almost a reality and have the potential to revolutionise peoples’ lives, according to David Williams, Axa UK’s head of underwriting.
Ex-Towergate brokers launch sports and leisure MGA
A trio of former Towergate brokers have joined forces to launch a managing general agent specialising in the sports and leisure sector.
Prudential UK CEO departs
Life insurance giant Prudential has announced its UK and Europe CEO Jackie Hunt is to leave the company with immediate effect.
ABI defends position on diverted profits tax after Insurer Nation criticism
The Association of British insurers has defended its actions on diverted profits tax after coming in from criticism from insurers.
Zurich looking at new look loss adjusting panel following review
Regulation and consolidation driving insurers’ decision-making process
Chubb posts $601m income for Q3
US insurer Chubb Corporation, which is currently in the process of being acquired by Ace, has posted healthy third quarter net income of $601m (£388m) compared to $594m in the third quarter of 2014 as it benefitted from another relatively benign…
Admiral dismisses data-selling claims as ABS's report £6.2m profit
Admiral has rebuffed claims its in-house legal divisions were set-up to circumvent the 2013 referral fee ban as its two alternative business structures reported joint pre-tax profits of £6.2m in 2014.
Lloyd's pledges co-operation with China Taiping Insurance Group
Lloyd's has signed a Memorandum of Understanding with the China Taiping Insurance Group, marking a significant level of co-operation between the two.
Northern European countries ahead of southern counterparts on SII readiness
Insurers in northern Europe are better prepared for Solvency II than those in the southern part of the continent, according to data specialist Silverfinch.
London market claims system Write-Back goes live
Write-Back, the system that allows the IT systems of Lloyd’s managing agents to interact fully with the market’s central claims systems, went live on 17 October, supported by eight carriers.
Oak to launch nine-strong in-house claims team
RSA subsidiary Oak Underwriting is to launch an in-house high net worth claims team on 25 October.
Spanish insurance market shows ‘resilience'
An AM Best report has revealed that the country's insurance market is showing resilience as companies begin to focus on profitability.
Ace reports record $897m operating income for Q3
Ace has posted a record after-tax operating income of $897m (£581m) for the quarter ending 30 September 2015.
Applied Net 2015: Ex-US secretary of state Albright raises cyber concerns
Former US secretary of state Madeleine Albright described cyber risk as an inevitable consequence of global technological development amid at a period of “chronic uncertainty” around the world.
Applied Net 2015: No better time in history to be a broker, says CEO French
Reid French, CEO of Applied Systems, has set out what he believes are the five characteristics of the digital agency of the future.
Penny Black's Insurance Week - 22 October 2015
Penny was reminded of her youth when the member of a recent panel on captives discussing longevity confided that computers didn’t exist when he started working.
Aegon follows L&G out of ABI
Aegon plans to follow the precedent set by Legal & General when it leaves the Association of British Insurers at the end of the year.
Inga Beale tops list of most influential LGBT executives
Lloyd's CEO Inga Beale has topped a list of the leading lesbian, gay, bisexual and transgender executives in the country.
Telematics evidence leads to conviction
The growing acceptance of telematics within the legal system has been further demonstrated after evidence provided by a device resulted in a suspended prison sentence for a motorist.
Increased innovation and outsourcing key to driving down household claims expenses
Household insurers have been advised to outsource more claims and increase innovation or run the risk of following the path of the unprofitable motor market.
Absence of specialist underwriters sees Lloyd's cyber risk appetite shrink
Absence of a specialist underwriter and failing to recognise cyber exposure in pricing and capital models have been cited as reasons for Lloyd's potentially limiting the amount of cyber insurance it writes, as UK government data estimates 2.5 million…