News
Insurers and brokers too resistant to change
Resistance to change is the biggest weakness for insurers and brokers, according to a survey by JLT at the 9th annual Global Communications, Technology and Media forum in Salzburg.
Near norm Atlantic hurricane season predicted
Hurricane activity in the 2012 Atlantic season is likely to be close to the long-time norm values, but 10-40% below the norm values for the past 10 years, according to a forecast by Tropical Storm Risk.
Motor insurers urged to aim for profit
Motor insurers need to do more to improve profitability and return their collective underwriting loss back to the black.
Suspected bogus broker arrested
City of London Police have arrested a suspected bogus insurance broker in a raid on a Bradford home.
Greek exit could drive further insurer downgrades
Future ratings action on Italian and Spanish insurers is more likely to be driven by the macro-economic environment and sovereign rating than the idiosyncratic credit fundamentals of a particular insurer, Fitch said today.
Experian joins forces with Transactor
Insurance software house Transactor Global Solutions has launched a data enrichment service using data from Experian.
Aviva exiting South Korea and Sri Lanka, reports say
British insurer Aviva is putting its South Korean and Sri Lankan businesses on the auction block, according to reports by Reuters news service and the Chicago Tribune.
CII encourages apprenticeships with new guide
The Chartered Insurance Institute has launched a guide for insurers to help them get the most of their apprentice employees.
Mapfre appoints Midlands boss
Adrian Cairns has been appointed regional manager for the Midlands at Mapfre Abraxas.
Free webinar: The property and casualty market in south east Asia
Post and Insurance Insight in conjunction with the Chartered Insurance Institute recently held a free webinar on the property and casualty insurance markets in south east Asia.
Italian broker Golinucci launches PI aggregator site
Italian broker Golinucci Assicurazioni has launched an online comparison site for professional indemnity insurance for the Italian market.
Nationwide slams CMCs as PPI wipes £103m from balance sheet
Nationwide has backed calls for tighter regulation of claims management companies after setting aside £103m to meet the cost of payment protection insurance claims.
Two hurricanes predicted to strike US in 2012
Hurricane activity this season is expected to be close to average, with scientists predicting four tropical storms including two hurricanes to strike the US between June and November.
Market moves: Brokers a hive of recruitment activity
Insurance broker Jelf was among the most active recruiters this week, launching a four-strong affinities and schemes team and adding two new staff to its recently opened office in London.
Law report: Court refuses to interfere in specialist tribunal decision on dentist's misleading of patient
Law reports contributed by national law firm Berrymans Lace Mawer.
Law report: School and tour operator not vicariously liable in rape case
Law reports contributed by national law firm Berrymans Lace Mawer.
Law report: Robbery victims blame the Co-op
Law reports contributed by national law firm Berrymans Lace Mawer.
Towergate commits to Power Place as former bosses unveil new ventures
Three former Towergate e-trading bosses revealed this month that they are forging ahead with two separate online start-ups. While this signals increasing interest and activity in the market, it leaves a question mark over the future of Towergate's online…
Household to become 'new motor' as insurers warn of price hikes to come
Insurers have issued a stark warning that home insurance could become the 'new motor', with years of unprofitability followed by unpopular price hikes, prompting a government and consumer backlash.
View from the top: Biba 2012 - Expensive jolly or crucial event?
The Biba conference is far more than a knees-up for brokers. It's a priceless professional opportunity, says Michael Rea.
Insurers urged to make income protection cheaper
An increasing number of UK consumers do not have income insurance, leading to calls for more affordable cover.
Tracker wants insurer telematics partners
Tracker managing director Stephen Doran has called for motor insurers to form partnerships with telematics experts rather than go it alone.
Japan may provide cover for nation's Iran crude tankers
Japan's government may provide cover for tankers bringing in Iranian oil once a European Union ban on insurance takes effect in July, Reuters reported on Wednesday.
BCIS launches Risk Check
The Building Cost Information Service has launched Risk Check, an online tool to instantly check the sum insured of a commercial building.