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Opinion

Postbox: the easy touch environment

We now have another report that tells us what is wrong with our industry. Embargoed until 11 March, the Transport Select Committee's report made the headlines with breakfast television blaming referral fees for the rises in premiums; later, radio put the…

Postbox: rate access is a reality

I was interested to read Phil Bunker's View from the Top in which he, quite rightly, challenged broker software houses to work more like the direct market and aggregators and enable insurer rate changes to be effected in a more frequent and efficient…

Postbox: preaching to the converted

I read with interest Phil Bunker's View from the Top regarding the challenge of updating rates in the broker market, as this is a view we have held for some time and have already responded to.

Postbox: competency is crucial

I read the recent article "A focus on training" regarding professionalism in the claims sector with interest and wanted to take the opportunity to comment as it strikes me that a parity of focus doesn't exist between expertise in the property and motor…

Postbox: Time to revisit underwriting essentials

I have worked in underwriting for more than 20 years and, while technology has massively increased the array of tools we have available to underwrite risk, it's frightening to realise how few improvements have been made to the professionalism of our…

Penny Black's insurance week

Allianz almost shot itself in the foot last week when it encouraged management trainee Stephanie Ogden to take part in a TV debate in which she passionately defended the university degree system.

Postbox: Are the dog days over?

Forty to 50 years ago, the London insurance market claimed it would offer cover for any legitimate risk and, as a young broker, I never imagined I would one day be frustrated by the failure to quote for a simple risk.

Postbox: Outflanking the gender ruling

If I am correct, the main reason for the better performance of women drivers is lower mileage. I think it is the case that on a 'loss-per-mile-driven' basis, they may be indistinguishable.

Penny Black’s insurance week

Penny was fortunate to be sunning herself in southern Spain earlier this week. With only a mild case of sunburn to attend to, she was shocked to hear one of her insurer pals had experienced a rather more unfortunate injury on his holiday.

Editor’s comment: two new faces to watch

With Google this week snapping up beat that Quote for a little under £40m, and web design firm Vast Visibility simultaneously buying two specialist bike and van price comparison sites, aggregators are very much the insurance ‘buy du jour’.

Postbox: staying ahead of the game

The recent article ‘Brokers unprepared for household fraud’ concerning a Legal & General report raised some interesting issues for the broking community.

Penny Black’s insurance week

The only thing Penny loves as much as the insurance industry is the glitz and glamour of Hollywood, so she was particularly pleased when the world of underwriting collided with the Oscars last week.

View from the top: an updating challenge

Much has changed during my time in the broker market, but the one thing that hasn’t is that insurers still need to get their car insurance rates to the broker software houses some six weeks in advance. It will then be a whole month before we can change…

Insurance Insight: View from the Top

Many firms believe that expanding their geographic footprint will not only increase their roster of clients, but also make them less dependent on one region or sector. But with wider reach comes added risk and firms looking to diversify should guard…

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