News
Amanda Blanc promoted to top UK role in Axa restructure
Amanda Blanc has been promoted to CEO of Axa UK and Ireland, replacing Paul Evans.
Japan's P&C insurers improved CORs in 2015/16 fiscal year, says Fitch
Japan's property and casualty insurers improved their average combined operating ratios from 95% in fiscal year 2014/15 to 92% this year.
First terrorism travel insurance product launches
A standalone terrorism travel product has been launched to cater to the growing risk of attacks at tourist sites.
Gable moves to reassure brokers following announcement of a company-wide review
Gable has said it will be 'business as usual' until a review commissioned by the company concludes in Q3.
Government accepts Insurance Fraud Taskforce recommendations
The government has accepted the recommendations it has been given by the Insurance Fraud Taskforce and has called for the whole industry to tackle the issue.
Kickboxer fined after fraudulent whiplash claim
A kickboxer who claimed for whiplash after a car accident but then took part in a full contact fight has been fined.
Hundreds of SMEs take insurance complaints to financial ombudsman
More than 850 small business complaints around insurance were received by the Financial Ombudsman Service, with 219 of those about commercial property insurance, according to its 2015/16 review.
Gable sale on the table as full Solvency II compliance deemed ‘not possible’
Unrated insurer Gable Holdings will launch a full strategic review following an assessment of its Solvency II capacity, a move likely to result in a “fundamental restructuring”, according to a statement to the stock exchange.
Insurers warned they will do a Woolworths unless they adapt to fill digital customer gap
Incumbent insurers that fail to be “customer centric” and adapt to the digital age are likely to go the same way as former high street giant Woolworths.
Towergate committed to ‘long game’ despite 50% drop in Q1 profits
Towergate said recent investments will not be reflected until the end of the year as it posted an almost 50% drop in profit in its Q1 results.
Video: IBIS 2016 - Issues affecting the bodyshop industry
Burhan Khadbai talks to delegates at the IBIS 2016 about issues affecting the bodyshop industry.
John Murphy and Glenn Marshall leave Dual to join Towergate
John Murphy and Glenn Marshall will join Towergate as the broker builds a speciality London markets underwriting division.
Chubb appoints marketing boss Ruth Polyblank as SME head
Current head of marketing and customer strategy Ruth Polyblank has been appointed to a new role as head of SME for UK and Ireland at Chubb.
Motor Insurance World 2016: Cars as ‘complex as aircraft' and repairs should be licenced, say manufacturers
Increasing complexity of vehicles should require increasing regulation around repairs, particularly as the sector heads towards a driverless future, according to key experts from major motor manufacturers.
Aviva promises 30% of decision makers will always be women
At least 30% of Aviva’s executive committee will always be women, the company has said.
Motor Insurance World 2016: Biba expects EU decision to mitigate Vnuk
Graeme Trudgill, the executive director of the British Insurance Brokers' Association, says he expects the European Union to soon come up with a new definition of "vehicle" that will close the Pandora's box opened by the Vnuk ruling.
DFT confirms it will amend Road Traffic Act to cover driverless technology and invites insurers to consult on legislation
A government minister has called for the insurance industry to participate in a consultation over regulations surrounding the cover of autonomous vehicles.
IBIS 2016: Caliber Collision leaves door open for possible European entry
Caliber Collision has refused to rule out an emergence into the European collision repair market as it continues to ramp up acquisitions in the US, delegates were told at the IBIS Global Summit 2016.
Allianz creates digital Asia analytics hub
Global giant Allianz has launched an innovation venture in Singapore for Asia.
Blog: Motor Insurance World 2016 - as it happened
For the first time ever, Post's hugely popular conferences - Motor Claims and Insurance Telematics - came together under one roof for one super charged event designed to address the challenges shaping motor insurance in 2016 and beyond.
ABI: 85% of claims from floods caused by storms Desmond, Eva and Frank paid out
More than four out of five claims from the winter floods have been paid, with total damages expected to reach £1.3bn, according to the Association of British Insurers.
Net combined ratio for motor insurance to rise to 104% this year
Motor premiums have risen to £13.9bn but the sector remains a loss-maker for many insurers, according to figures from Deloitte.
IBIS 2016: Days of human intervention in low value motor claims could be numbered
The use of technology will dramatically change the way motor claims are handled, delegates were told at the IBIS Global Summit 2016 in Barcelona on Tuesday.
Towergate raids Dual for regional head Joyce to run new 'go to' specialty unit
Towergate Underwriting has recruited Dual Corporate Risks' regional boss Martin Joyce to lead a newly formed specialty business.