News
Simplyhealth targets SME market with PMI product
Simplyhealth is targeting small to medium sized businesses with a new private medical insurance proposition.
Man City starlet faces £1m insurance bill over death crash
A Manchester City youngster jailed for causing the death of a brother and sister in a night time crash could face an insurance bill of more than £1m.
European court considered as Primo trademark battle continues
Primary Group-owned Qmetric is understood to be considering registering one of its insurance brand names with the European Union’s trademark after its application in the UK court was turned down.
Telematics Expo: Magic number is 200 says Aviva
Telematics can reliably predict the future driving style of a customer after 200 miles of use according to Aviva's GI partnerships and business development director Simon Warsop.
Market Moves: Ecclesiastical, Hiscox and Mitsui Sumitomo lead the way in busy week for insurers
This week saw a host of major insurers complete hires in business areas ranging from sales to claims. Among the firms leading the recruitment race were Hiscox, Ecclesiastical and Mitsui Sumitomo. Elsewhere, while the broking sector registered little of…
DAS targets post-Laspo landscape following 2012 GWP growth
The DAS UK Group increased gross written premium by 10.5% last year, while returning a profit of over £11m before reinsurance and tax.
Telematics Expo: Insurers must ease drivers’ data privacy concerns
Insurers’ self-interest in launching telematics products has fostered consumer fears about data privacy, according to the founder of telematics firm Ingenin.
Telematics Expo: Citroën sales head acclaims DLG young driver deal
Telematics has put free insurance back on the table for young drivers, according to Citroën head of sales programmes Jeremy Smith.
International motor policies should cover political violence says Clements
Car owners need to be alert to the threat political violence poses to their vehicles, according to Clements Worldwide.
Telematics Expo: Study suggests engagement improves driving behaviour
Initial research by telematics start-up Carrot Insurance has revealed a link between customer engagement and driving behaviour.
Telematics Expo: ABI pre-empts telematics regulation with new guide
Trade bodies can play an important role in the development of the telematics industry, particularly in warding off the threat of regulation, according to Association of British Insurers policy adviser Ben Gaukrodger.
Top 5 European news stories
The top five stories from www.insuranceinsight.com over the past seven days.
Turkish cat pool taps capital markets for reinsurance
The Turkish Catastrophe Insurance Pool has gone to the capital markets to gain protection for earthquake risk in the Istanbul region.
PRA lobbies UK parliament for Solvency II probe
The head of the Prudential Regulation Authority, Andrew Bailey, has asked the British parliament to review Solvency II reforms he termed “lost in the detail and vastly expensive”.
Go Compare tops most complained about ads
Car insurance price aggregator Go Compare has seen its adverts slammed by consumers, taking the top two spots in numbers of complaints published by the Advertising Standards Agency.
Ex-CNA indemnity underwriter White takes on Barbican role
Barbican Group Holdings has appointed Christopher White as a professional indemnity underwriter.
Ace appoints president director in Indonesia
Ace has appointed Tim Shields (pictured) as president director in Indonesia.
Solvency II “ground to a halt” by national interest PRA boss says
Disagreement over the final Solvency II rules at a national level has seen negotiations “ground to a halt” according to Prudential Regulatory Authority boss Andrew Bailey.
EU Gender Ruling behind falling premiums in Q1, claims AA
The cost of motor and home insurance dropped in the first quarter of 2013, according to the latest AA British Insurance Premium Index.
HKFI appoints new chairman
The Hong Kong Federation of Insurers has announced its new board, which will start at the beginning of May.
Hong Kong claims complaints bureau to oversee non-residents
The Insurance Claims Complaints Bureau has been given an extension to handle claims complaints from non-Hong Kong residents with effect from 1 May 2013.
AIA expands football sponsorship in Thailand
Life insurer AIA is now sponsoring 34 teams in Thailand, up from 25 previously.
UK Member of Parliament slams Solvency II
Andrew Tyrie, a Conservative MP and chairman of the Treasury Select Committee has slammed the confusion caused by Solvency II for the insurance industry.
United India Insurance profits up 36%
United India Insurance saw profits grow 36% for the fiscal year ending 31 March 2013.