News
A&A Group laments "victory for boy racers" in ECJ ruling
Steven McPherson of A & A Group, which specialises in young high risk drivers, has said the European Court of Justice ruling against gender-determined pricing is a “victory for boy racers”
New rating factors needed after European gender ban – Insurance News Now – 2 March 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories including what the ECJ’s ruling that a person’s gender can no longer be used to calculate insurance premiums or annuity rates will mean for insurers.
New rating factors needed after European gender ban – Insurance News Now – 2 March 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories including what the ECJ’s ruling that a person’s gender can no longer be used to calculate insurance premiums or annuity rates will mean for insurers.
Allianz finance director retires
Allianz Insurance finance director George Stratford has retired from the organisation.
JLT restructures Japanese offering
Through an equity transfer arrangement, the JLT Group has established JLT Holdings Japan.
Willis makes Middle East appointment
Willis Group Holdings has appointed Atish Suri as a divisional director in Dubai, establishing an “on-the-ground presence” in the region.
Amlin blames quakes for falling 2010 profits
Lloyd’s insurer Amlin has recorded a profit before tax of £259.2m for 2010 (2009:£509.1m), after £203.6m of losses from both the Chile and New Zealand earthquakes.
Markerstudy seals Beal purchase
Markerstudy Group has acquired the business of Kent-based insurance firm Beal & Co.
Ecclesiastical appoints new head of customer service
Ecclesiastical has appointed Simon Bennett as the new head of customer service for its direct operations.
Admiral UK profit rises to £276m
Admiral has reported group profit before tax increased 23% at £266m (2009: £216m) while turnover (defined as total premiums written including co-insurers’ share and other revenue) rose 47% to £1.58bn (2009: £1.08bn).
Admiral UK profit rises to £276m
Admiral has reported group profit before tax increased 23% at £266m (2009: £216m) while turnover (defined as total premiums written including co-insurers’ share and other revenue) rose 47% to £1.58bn (2009: £1.08bn).
Disagreement likely over Middle East property cover
Law firm Clyde & Co has claimed that property damaged during the civil unrest in the Middle East and North Africa could fall under either all risks property cover or political violence insurance.
AI Claims doubles H2 pre-tax profit
Accident management company AI Claims Solutions has posted a pre-tax profit of £1.6m for the second half of 2010 up 97% on the same figure for H2 2009 (£855 000).
At face value gender decision “seems sensible”
Commenting on today’s decision in the European Court of Justice, James Gilmour, product manager business insurance at Simply Business, said that in general, commercial insurers do not consider gender when they are pricing business insurance.
At face value gender decision “seems sensible”
Commenting on today’s decision in the European Court of Justice, James Gilmour, product manager business insurance at Simply Business, said that in general, commercial insurers do not consider gender when they are pricing business insurance.
Larger insurers could benefit from gender ruling claims Towers Watson
Today's European Court of Justice gender ruling could ultimately favour larger insurers with greater resources.
Larger insurers could benefit from gender ruling claims Towers Watson
Today's European Court of Justice gender ruling could ultimately favour larger insurers with greater resources.
QBE unveils new legal panel
Insurer QBE has streamlined its panel of legal advisers.
Gender ruling could give rise to further legal challenges, law firm warns
Today's ruling on gender being used for insurance purposes could trigger a spate of further litigation according to one actuarial firm.
Gender ruling could give rise to further legal challenges, law firm warns
Today's ruling on gender being used for insurance purposes could trigger a spate of further litigation according to one actuarial firm.
PWC predicts increase in pay-as-you-drive in wake of gender ruling
Today's European Court of Justice ruling that from 21 December 2012 insurers will no longer be able to charge different insurance premiums to men and women because of their gender, could lead to a steep uptake in pay-as-you-drive schemes.
PWC predicts increase in pay-as-you-drive in wake of gender ruling
Today's European Court of Justice ruling that from 21 December 2012 insurers will no longer be able to charge different insurance premiums to men and women because of their gender, could lead to a steep uptake in pay-as-you-drive schemes.
Insurers could turn to equally divisive pricing factors after gender ban
Today's ruling that prevents insurers from pricing risk by reference to data that distinguishes specifically between men and women seems to put European insurers at a disadvantage to others who will not be required by law to take a blinkered view of…
Insurers could turn to equally divisive pricing factors after gender ban
Today's ruling that prevents insurers from pricing risk by reference to data that distinguishes specifically between men and women seems to put European insurers at a disadvantage to others who will not be required by law to take a blinkered view of…