News
AI service could transform claims handling of damaged vehicles
Artificial intelligence that can estimate vehicle repair costs within seconds just by analysing an image has the power to revolutionise claims handling, developers said.
Charles Taylor opens Panama office
Charles Taylor has opened an office in Panama to market captive insurance services to businesses across Latin America.
QBE denies £12.1bn Allianz takeover bid
QBE said there was “no basis” to reports it is in talks on a £12.1bn takeover bid from Allianz.
How police are working to tackle the rising scourge of ghost brokers
Ghost broking cases are lengthy and expensive to investigate
Questgates launches cyber investigation service to assess business interruption loss
Questgates has launched a cyber investigation loss adjusting service that can assess the cause and liability of a cyber attack.
Airmic CEO John Hurrell to step down
John Hurrell is to step down after nine years as CEO of the Association of Insurance and Risk Managers, the association that represents UK risk managers and insurance buyers.
Insurers extend travel cover amid Trump travel ban
Travel insurers will allow policyholders to claim if they are denied entry to the US.
Aegis London secures Meco marine deal
Specialist marine insurance managing general agent Meco Group has partnered with Aegis.
Davies confident of growth strategy under new majority owner
Davies' new private equity backer, HGGC, will allow the claims service provider to continue with its growth plan.
Davies Group gets new equity backer
US private equity firm HGGC has taken a majority stake in Davies Group.
Post People 30 January - 3 February
Check out this week's market moves.
Towergate vows to ‘drive out inefficiency’ with £40m investment
Towergate will spend the majority of the £40m it will raise through a rights offering on “driving out inefficiency”.
Towergate to receive fresh investment from shareholders
Towergate will receive £40m in additional investment through a rights offering.
Rising Star: Mahesh Ganesan, McLarens
Mahesh is a fully fledged loss adjuster for the firm after starting as a trainee
Exoskeletons: How wearable robotics could transform medical claims
It sounds like science fiction, but exoskeletons are increasingly being used in rehabilitation therapy and insurers are getting in on the act.
Allianz awarded chartered status by CII
The Chartered Insurance Institute has awarded Chartered Insurer status to Allianz Insurance.
McKee named as Cathedral CEO
Andrew McKee has been appointed as CEO of Lancashire’s Lloyd’s business Cathedral Underwriting.
Generali: We won’t use chat bots to deflect angry customers
Generali is trialling chat bots for “bureaucratic” tasks, but the company’s head of global claims said it wouldn’t be appropriate to use the technology to deal with angry customers.
Quiz of the week - 27 January
Test your knowledge on this week's insurance news.
Smart homes could pave way for Blockchain-enabled insurance
Smart homes fitted with sensors could trigger automatic claims payments, a conference heard.
Beazley handled 2000 data breaches last year
Beazley managed nearly 2000 data breaches for its clients last year, with a third of those breaches from hacking or malware.
Discount rate review delayed despite court refusing ABI's appeal
The Association of British Insurers’ appeal to the High Court over the discount rate review has been refused.
Gallaghers & Co sees steep rise in broking profits for Q4
Arthur J Gallagher & Company's brokerage segment saw pre-tax profit rise to $123.9m (£98.82m) in Q4 2016, a 69% increase on the $73.3m earned over the same period last year.
European insurers hoping to emulate UK’s ‘aggressive’ fraud data sharing regime
Half of insurers in Europe that don’t currently share information with competitors on fraud wish to do so, according to a survey.