News
IMPRC 2016: Dialogue more important than just demanding payment say top insurer PRs
Consumers shouldn’t only hear from their insurers once a year when it comes to renewing policies, a conference heard.
IMPRC 2016: Marketing professionals define what makes a brand powerful
Three leading insurance marketing professionals were each given 400 seconds to outline their communication strategies at a ‘pecha kucha’ session at an industry conference.
Zurich restructure will see jobs cuts
Zurich’s proposal to unite its life and GI arms will see jobs go but exact details are still to be ironed out at the insurer.
IMPRC 2016: Digital transformation is key to business success
The insurance industry needs to undergo digital transformation in order to become more customer centric.
DAC Beachcroft’s Claims Solutions Group launches new Innovations Lab
DAC Beachcroft has responded to calls for the insurance industry to be more innovative with the launch of its Innovations Lab - a research and development hub.
Zurich to bring life and non-life units together as Greco restructures senior management
Global giant Zurich is bringing its non-life and life businesses closer together with several senior management changes.
IAG receives 10,000 claims from storms
Australian giant IAG has received around 10,000 claims from Australia's deadly east coast storm.
Surveys reveal industry has crisis of confidence over EU
Two-thirds of insurance professionals admit having ‘lost faith’ in the EU, yet a majority still believe a Brexit would harm the industry.
More transparency on broker commission ‘could hit small firms hardest’
Forcing brokers to disclose commission rates voluntarily to commercial clients could hit smaller firms hardest, the managing director of Alexander Miller has warned.
Miller Insurance Services announces CEO succession plan
Miller Insurance Services plans to elevate Greg Collins to CEO in 2017, replacing current CEO Graham Clarke.
Proposed changes to key EU motor directive praised but work continues for industry
The European Commission's third option to change the definition of vehicles in the Motor Insurance Directive is the UK industries preferred option but lobbying by trade bodies needs to continue to ensure this outcome.
Police seize 121,000 uninsured vehicles amid crackdown
Police have seized 121,000 uninsured vehicles in 2015 as part of the work between police forces across the UK and the Motor Insurer's Bureau.
Kelliher Insurance Group appoints new CEO and reports increased turnover
The parent company of Kerry London has appointed a new group CEO, and reported increased turnover of 4.4%.
Ex-RSA owned Polish insurer faces lawsuit after portraying brokers as ‘losers’
A Polish insurer is facing a PLN 20m (£3.6m) lawsuit for an advertising campaign portraying brokers as “life’s losers”.
Flood investment shouldn’t be about ‘sticking a plaster’ in an emergency, ABI warns
The government needs to “take the politics out” of decisions about flood defences, the Association of British Insurers has said.
Sponsors could seek ‘disgrace’ insurance claim against Sharapova
Sponsors of Maria Sharapova may be eligible to pursue an insurance claim against her under a ‘disgrace clause’, should her ban be upheld.
Airmic 2016: Employees create biggest cyber risks
One of the biggest digital risks to companies is employees themselves, and senior management should think twice before authorising access to data systems.
Pay-as-you-go broker Belong Safe shuts down after three months
Just three months after its launch, Belong Safe has shut down completely due to financial and branding troubles.
Airmic 2016: Understanding cyber risk landscapes
Pre and post-incident loss testing is of paramount importance if companies wish to prepare for a cyber attack, and company boards should be more involved with cyber exposure prevention, according to the Cybercrime Research institute.
EC looks to define 'motorised vehicles' in MID to solve Vnuk exemptions
The European Commission is considering reviewing the definition of motorised vehicles in the Motor Insurance Directive to help avoid the need for vehicle exemptions following the Vnuk ruling.
ABI warns of changes to broker commission
It is “only a matter of time” before regulators start to make broker commission more transparent, the Association of British Insurers warned today.
China Pacific and Baidu to launch online insurer
China Pacific-owned China Pacific Property Insurance is teaming up with Chinese internet giant Baidu to launch an online car insurer.
Shanghai readies insurance exchange
The first Shanghai insurance exchange could launch as early as next week.
Working group launches review of revised rehab code
Industry bodies have begun a review into the revised rehabilitation code, six months after it went live.