News
Aviva's 'Ask It Never' concept to cut out question asking process
Aviva has created a new prototype system that will use Big Data rather than rely on customers to fill out hundreds of questions when making an application.
China's regulator warns insurers over risk
The China Insurance Regulatory Commission has warned insurers to intensify scrutiny over their operations.
Post People: 24 - 28 April 2017
This week's movers and shakers.
Circle Asia hires three in Hong Kong
Luxembourg-headquartered specialist MGA Circles Group has expanded its Hong Kong team and moved office.
This week in Post: Snap decisions, Can-can and costs
In a snap decision just after Christmas I agreed it would be fun to attend a Moulin Rouge secret cinema perfomance, with little thought to the effort this would involve or the costume I'm currently having to source.
Allianz makes strategic investment in Lemonade
Allianz has made a strategic investment in US insurtech start-up Lemonade.
FCA aviation probe to centre on sharing of sensitive data
A misconduct probe into the aviation broking sector will centre on whether firms have been sharing competitively sensitive information.
FCA to investigate suspected misconduct in aviation broker sector
The Financial Conduct Authority is investigating at least four aviation insurance brokers over suspected misconduct.
R&Q identifying MGAs for disposal
R&Q chairman and CEO Ken Randall has said the group is looking to simplify its business model as it identifies non-key assets for disposal.
Whiplash reform shelved in light of general election
The government's proposed whiplash reform has been kicked into the long grass as a result of the general election.
Driverless cars law stalled by general election
The government’s driverless cars bill will have to be reintroduced from scratch in the next parliament after the general election.
Hiscox CUO sells £1.2m shares
Richard Watson, the chief underwriting officer at Hiscox, has sold a total of £1.2m of shares in the company.
R&Q triples pre-tax profits in 2016
Bermudan insurance investor R&Q tripled pre-tax profits in 2016 to £8.5m from £2.8m in the previous year.
AIG to take $100m hit from Ogden change
AIG expects to record a $100m (£77.9m) hit to its Q1 2017 pre-tax profits as a result of the cut to the Ogden discount rate.
Vienna Insurance Group doubles profits in 2016
Austrian Insurer Vienna Insurance Group has reported profits before tax of €407m (£340.7m) for 2016.
ABI and IFB label Vnuk as a 'hospital pass ruling'
The Association of British Insurers and the Insurance Fraud Bureau have labelled the Vnuk ruling a ‘hospital pass ruling’ and criticised it for being unworkable in the UK.
One in three insurance firms to set up operations outside UK following Brexit
One in three insurance firms intend to set up operations outside the UK following Brexit.
Northern Irish insurance salaries rise despite Brexit fears
Four out of 10 insurance workers in Northern Ireland received a pay increase in 2016, with on average increases of 3.7%.
Ian Penny to take over as chief information officer at Hiscox following Wharton's departure
Ian Penny has been appointed as chief information officer for Hiscox, taking over from Gareth Wharton who is joining a newly formed cyber initiative at the company.
General election 'could delay whiplash reform for years'
Theresa May’s decision to hold a snap general election could delay the Ministry of Justice’s proposed whiplash reforms for years, campaign group Access to Justice has claimed.
FCA increases budget to tackle Brexit costs
The Financial Conduct Authority has increased its operating budget as a result of Brexit demands.
Private equity acquisition of Ryan Direct 'a sign of serious intent' say brokers
The acquisition of Ryan Direct is a sign of “serious intent” by the private equity backers of Towergate, brokers said.
Ryan Direct bought by Towergate owners
Ryan Direct Group has been bought by the private equity backers of Towergate, Madison Dearborn Partners and HPS Investment Partners.
Swiss Re establishes a regional legal entity in Singapore
Swiss Re has established a regional legal entity in Singapore for its reinsurance business unit in order to strengthen its "commitment to Asia".