News
Fico close on UK fraud deal after ‘bake-off’ success
The vice president of Fico’s global insurance and healthcare practice has revealed that it is close to striking a major deal in the UK counter-fraud space having "blown insurers away" with its latest offering.
Quindell takes 19% stake in US telematics provider
Outsourcer Quindell has completed a deal for a 19% stake in Himex, as US provider of usage-based insurance products.
Protect Your Bubble appoints Basinger as UK head
Gadget insurance specialist Protect Your Bubble has appointed Rob Basinger, former head of lending and insurance at ING Direct, to lead its UK team.
First Assist launches new health, life and accident products
White-label insurance provider First Assist Insurance has added two new insurance products as part of its health, life and accident portfolio: Surgery Cash Plan and Simple Critical Illness.
Admiral apologises over Welsh language complaint
Admiral Insurance has apologised to a Welsh-speaking customer who was told every conversation had to be recorded in English to satisfy regulators, the BBC reported.
Marsh and AGCS provide quick access to claims' funds
March and Allianz Global Corporate & Specialty have committed to provide rapid access to working funds for the joint clients in the event of a major claim.
Midwives target government funding as captive solution given green light
Independent midwives have been given the green light to set their own adequacy for a captive insurance solution, ahead of mandatory legislation meaning they must have professional indemnity cover to practice.
Marsh and AGCS launch claim promise
March and Allianz Global Corporate & Specialty have committed to provide rapid access to working funds for the joint clients in the event of a major claim.
Brokers fear standards decline as Aviva closes almost half its regional offices
Market insider claims redundancies could net insurer £100 000 per employee.
Axa’s whiplash proposals attacked for being ‘expensive and unnecessary’
French methods of using X-rays and MRI scans slammed by claimant bodies.
Rates drop as motor insurers anticipate legal reform windfall
Average car insurance premiums have plunged in the second quarter of 2013, following the implementation of key parts of the Legal Aid, Sentencing and Punishment of Offenders Act.
Fatal crash prompts calls for insurers to scrap nighttime driving curfews
Telematics providers are urging insurers to remove nighttime driving restrictions from their products, after a coroner cited a curfew as a factor in a fatal crash involving two teenagers.
RAC Foundation calls for overhaul of licencing system
The RAC Foundation has called the government to consider placing conditions on young drivers’ licences as a way of reducing fatal accidents among this age group by more than a half.
NFDA meets MP Evans about claims management companies
The National Franchised Dealers Association has aired its concerns about claims management companies’ behaviour in light of payment protection insurance mis-selling scandal to the chair of the All Party Parliamentary Group for Insurance and Financial…
SAP appoints Pitcher to senior Asia-Pacific role
Andrew Pitcher, an Accenture veteran, has been given a newly-created role of senior vice president and general manager of financial services for SAP Asia-Pacific and Japan.
Macau's insurers see profit surge
The Macau insurance industry saw profits of MOP509m ($74m) in 2012, nearly three times the profits in 2011.
HKFI responds to criticism from Consumer Council over travel insurance policies
The Hong Kong Federation of Insurers has welcomed a report by the Consumer Council into high-risk activities covered by travel insurance.
European insurers look to invest in illiquid asset classes
European insurers are increasingly looking to invest in more illiquid asset classes, including private loans, as low rates and new regulations bite, Moody's said today.
Crawford adds four adjusters to Singapore team
Claims management firm Crawford & Company has bolstered its Asia Pacific operation by appointing four new adjusters to its Singapore team.
UK driverless car trial planned for 2013
A trial of driverless cars is set to be launched onto UK roads later this year, the Department for Transport has announced.
Chesterfield appoints new aviation head
Lloyd’s broker Chesterfield has appointed Stephen Campbell to head its aviation division.
Broker Network inks three year Alps deal
Broker Network & Countrywide has signed a deal with Auto Legal Protection Services that will serve its members with products and services.
AJG swoops for JLT Europe chair Wade
Arthur J Gallagher has recruited Jardine Lloyd Thompson’s former European chairman and group general counsel to lead international growth.
Hiscox’s purpose built York development to create 500 jobs
Hiscox will be recruiting up to 500 people for its £19m purposed built office building in York.