News
Allianz reassures brokers over LV commercial book concerns
Exclusive: Allianz has sought to reassure brokers over concerns regarding renewals of the acquired LV commercial book.
Webinar: The power and potential of technology and analytics
There is a lot of noise around the potential for data analytics to give insurers an advantage in everything from pricing to fraud detection.
Claims handler sees personal injury claim dismissed on the grounds of fundamental dishonesty
Two claimants, one of whom was a road traffic accident claims handler, have had their £10,000 personal injury claims dismissed at trial and been found to be fundamentally dishonest.
Towergate to roll out food safety compliance tech
Towergate Insurance has partnered up with technology provider, Checkit, in order to reduce business premiums and the risk of liability for food companies.
Jersey watchdog to increase insurance business rates
The Jersey Financial Services Commission has increased insurance business fee rates 18.1% in line with inflation following a consultation that received no feedback.
Davies Group acquires Claims Management Services Limited
Davies Group has acquired specialty casualty claims third party administrator, Claims Management Services Limited
TT Club to provide insurance cover for 'Uber-style' freight service
TT Club is set to provide insurance cover for Russian freight start-up Deliver in order to implement an ‘Uber-style’ service to its customers.
Fraudster sentenced after making 13 fraudulent claims worth £12,069
A fraudster has been handed an eight month suspended sentence and a compensation order of £2000 after making 13 fraudulent claims totalling £12,069.
UK businesses 'underestimate' the effects of cyber attacks
UK businesses underestimate how long the effect of a cyber attack will last, with 50% expecting to be fully operational after just 48 hours following an attack.
Driving test changes a 'missed opportunity' insurers say
Insurers have warned that planned updates to the driving test do not go far enough by not introducing graduated driver licensing.
Fidelis appoints Charles Mathias to its board of directors
Fidelis has appointed Charles Mathias to its board of directors, replacing Neil McConachie who resigned as group financial officer and director earlier this year.
Hong Kong insurtech start-up registers 1000 users
Hong Kong digital app Cover Go, which helps organise policies, is gaining traction in the Special Administrative Region.
Hong Kong insurers should prepare soon for regulator levy, says EY
Hong Kong's insurers have less than five months to prepare to implement the premium levy to fund the Insurance Authority.
Halo partners with new owner Zurich for Australian car hire excess insurance launch
Exclusive: Halo Insurance is to launch in Australia later this year in what will be its first underwriting venture with new owner Zurich.
Insurers throw cold water on regulator's reporting proposals
Insurers have criticised regulatory proposals which may increase reporting burdens for insurers.
Details emerge on £500m Sabre float
Sabre has hired Barclays and Numis Securities to oversee a listing on the stock market that could be worth £500m, according to Sky News.
This week in Post: M&A, Ogden misery and the Mobot
With London hosting the World Championships there has been a sports buzz about the city this week.
QBE appoints former Chubb director as Malaysia CEO
Australian insurer QBE has made a senior appointment in Malaysia.
Insurance Fraud Task Force calls on aggregators to use data sharing platforms
The Insurance Fraud Task Force has recommended that aggregators utilise software to weed out application fraud.
Gibraltar PCCs given permission to write third party business
Gibraltar Protected Cell Companies will now be permitted to write third party insurance business.
Trak Global reveals financing deal and restructure
Trak Global Group has secured a senior debt financing deal with HSBC and revealed a new group structure.
ERS sees profits plummet 280% from Ogden hit
ERS has seen a 280% fall in profits as the company suffered a hit from Ogden.
Towergate Underwriting launches Scandinavian MGA
Towergate Underwriting has launched an international managing general agent for Scandinavia.
Zurich UK takes £182m battering from Ogden change
Zurich UK took a £182.1m hit in H1 as a result of the change to the Ogden discount rate.