News
New 'Face Time' app launched to lower claims cost of whiplash
A new app, using the same technology as Face Time, has been developed with the aim of reducing overall cost incurred by whiplash and injury claims and improve case management.
Aviva has 'significant opportunity' to make cuts next year
Aviva may embark on a “significant” cost cutting programme next year, analysts claim.
FCA extends timetable on PPI complaints deadline
The Financial Conduct Authority said it needs more time to make a decision on whether it will impose a cut-off deadline for Payment Protection Insurance claims.
IAG plans A$250m a year of cost savings
Australian giant IAG is aiming to save A$250m (£148m) from its operating costs over the next three years.
Axa to increase staff maternity and paternity benefits in Asia
Global insurer Axa will harmonise its global maternity and paternity policies from the beginning of next year.
Fitch downgrades Towergate bonds
Fitch Ratings has downgraded Towergate’s senior bonds owing to a slow turnaround in the business.
Bird flu outbreak could hit insurers hard
An “almost inevitable” bird flu outbreak in the UK could be costly for insurers, a specialist agriculture loss adjustor has warned.
Axa tops Brokerbility survey for seventh year running
Axa has topped Brokerbility’s bi-annual survey of insurer partner performance for the seventh year running.
European insurers concerned with EU services card proposal
Members of the European insurance sector have expressed concern on plans to introduce an EU services card.
December Post: Cold call crackers
In the December issue of Post: freezing cold calls and looking back at the year.
Customers urged to 'shop around' for better deals as van insurance increases by 11.7%
Van insurance premiums have increased to an average of £1591 with best-buy deals going up by 11.7%.
Wilson promoted to group CEO at Brit
Fairfax-owned London-headquartered (re)insurer Brit has appointed group deputy CEO Matthew Wilson as group CEO starting on 1 January 2017.
Small losses expected from Indonesia earthquake, says AIR
Insured losses from yesterday's 6.5 magnitude earthquake in Indonesia are not expected to be significant according to catastrophe firm AIR Worldwide.
Axa to urge 8000 staff to report cold calls
Axa said it will encourage its more than 8000 staff to report any cold calls they receive to a government whistleblower service, becoming the first insurer to take concrete action in Post’s #ColdCallCrackdown.
Government unveils plans to tackle rise of cold calling
The government has unveiled plans to make it easier to tackle cold calling.
Nine out of 10 motorists demand more action on cold calling
More than nine out of 10 motorists believe the government should take a tougher line on personal injury cold calling.
Crawford's We Go Look acquisition will bring 'gig economy' to claims management sector
Crawford & Company’s acquisition of online collaborative economy platform We Go Look will bring the “gig economy” model to the UK claims management sector.
Towergate names new underwriting CEO
Towergate has appointed Paul Dilley as CEO of underwriting.
Thomas Miller Specialty partners with HDI Global
Thomas Miller Specialty Offshore Marine & Energy has entered into an exclusive arrangement with HDI in the UK which will see HDI become the firm’s global insurance partner.
Brexit will not affect HDI Global's UK presence
Brexit will have no impact on HDI Global’s presence in the UK market, the company's chairman said.
Government begins review on personal injury discount rate in light of legal action
The threat of legal action from personal injury lawyers has forced a review of the discount rate for personal injury claims by the Lord Chancellor.
Insurers 'should re-examine evidence' after whiplash doctor to pay £100,000
Insurers are being urged to re-examine whiplash evidence provided by a doctor accused of exaggerating personal injury claims.
Perils provides first estimate for damage from October's Italy earthquakes
Catastrophe data firm is estimating Italy's property insurers will suffer €31m (£26m) of damage from October's Central Italy earthquakes.
Aetna establishes Singapore innovation hub
US-headquartered health insurance giant Aetna has established an innovation hub in Singapore this month.