News
Shanghai broker registers with Lloyd's
Shanghai Asian Insurance Brokers has become the first Chinese broker to register with Lloyd's.
Lloyd's syndicates unite for $400m natural catastrophe pool
Eight Lloyd's syndicates are uniting to help protect emerging economies in Africa, Asia and Latin America from natural catastrophes.
Fraud 2015: Collaboration is sharing knowledge not just data
There are too many databases and not enough pressure on the Claims and Underwriting Exchange to tackle fraud, Covéa Insurance’s head of financial crime told delegates at the Fraud Summit.
Fraud 2015: Banking v Insurance analytical resource is 'chalk and cheese'
Comparing the insurance industry’s analytical capabilities to those in the banking sector is like comparing “chalk and cheese”.
Fraud 2015: Fraud 'mountain' too much for Ifed to handle
The Insurance Fraud Enforcement Department is currently seeing just the “snowy bit” of the insurance fraud mountain and there is too much fraud for the 28-strong department, according to its deputy head.
Enterprise Bill amendments under consideration following London market efforts
A London market deal to support changes enabling companies to secure damages for late payment of insurance claims for up to a year has been heralded as an example of “unprecedented amalgamation” of the insurance sector to aid reform.
Fraud 2015: Publicising anti-fraud measures key to tackling opportunistic fraud
Insurers need to do more to publicise the anti-fraud measures they have in place as it can act as a deterrent to opportunistic fraudsters, according to criminologist Janice Goldstraw-White.
BGL opens digital, tech and media hub in Shoreditch
The BGL Group has opened a new office hub in London in the form of its Shoreditch digital, data, technology and media hub.
FCA calls for deadline and consumer-awareness campaign on PPI
A firm deadline on payment protection insurance claims and an industry-funded communication campaign have been outlined in the Financial Conduct Authority’s consultation paper, released today (26 November).
Career development: LMG tackles skills gap with market-wide survey
The London Market Group is aiming to tackle the skills gap with a market-wide survey designed to identify existing skill gaps and gain better insight into the talent requirements of the market of the future.
Allianz Retail technical director Tom Moss to depart
Allianz Retail’s technical director Tom Moss will leave the business with director broker and corporate partner Simon Brimicombe to fill the role in the interim.
LMA elects Beazley underwriting boss Maidment as chairman
Beazley chief underwriting officer Neil Maidment has been elected chairman of the Lloyd’s Market Association.
Insurance debate: Give customers what they want when they want it
Manjit Rana, CEO of Ingenin, believes the industry needs to do more to demonstrate it is open-minded and be prepared to change its thinking to suit the times.
Climate change core to Allianz business model
Allianz will make climate change a core part of its entire business portfolio, with investments to be analysed using 37 criteria including greenhouse gas emissions and energy efficiency.
Insurance Debate: Be more transparent, says Axa
Joining the debate this morning is Axa UK and Ireland's CEO, Amanda Blanc, who is a strong advocate for transparency in the sector and believes this is vital to gain the public's trust.
Allianz teams up with Chinese internet giant for digital venture
Allianz is to create a digital insurance company for the Chinese market, a joint venture with local internet giant Baidu and Asian investor Hillhouse Capital Group.
16 homes destroyed in South Australia bushfires
The Insurance Council of Australia has declared a catastrophe for multiple bushfires north of Adelaide in South Australia.
FCA launches big data investigation in GI sector
The Financial Conduct Authority has launched a "call for inputs" on the use of big data in the general insurance sector.
Insurance Debate: Scores at half-time
The great Insurance Debate is half way through and already momentum is gathering on both sides.
Video: Expertise A-Z: Q&A with John Dunn
The London property market is experiencing high levels of competition at the moment with lots of brokers and insurers seeking business and striving to provide the best service and products possible.
Hastings redeems £310m secured notes
Hastings Insurance Group has paid back £310m of fixed and floating rate senior secured notes, according to a London Stock Exchange notice.
Axa replaces RSA in agricultural tie-up with Towergate's BIBU
Axa has agreed a five year joint venture with Towergate’s BIB Underwriting for farm, estate and motor schemes, Post can reveal, in a deal that will result in a change to Axa’s distribution model for agricultural business.
Government accelerates whiplash reforms to remove £1bn of costs
Chancellor of the Exchequer George Osborne committed to accelerating motor injury reforms in today’s (25 November) Autumn Statement, which are expected to remove more than £1bn from the cost of providing motor insurance.
Allianz's internal SII model gets regulators' approval
Allianz Insurance, as part of the Allianz SE group, has gained regulatory approval to implement an internal model to calculate capital requirements under Solvency II.