Admiral
FCA orders Admiral to contact customers after providing false renewal information
The Financial Conduct Authority has ordered Admiral to contact customers who may have received inaccurate premium amounts in renewal documents.
Roundtable: Digital is an attitude
Being a digital insurer isn’t about the aptitude but the attitude. This was the conclusion of a roundtable I chaired recently for Post, in conjunction with SSP.
Interview: Conor Brennan, Zurich UK
Zurich has seen a seismic shift in the last year. A group-wide restructure also saw a reworked operating model in the UK, with commercial, general insurance and life businesses under a single leadership.
More than one-third of UK consumers happy to share Facebook data for lower premiums
More than a third of UK consumers are happy to share Facebook data with insurers for lower premiums.
Admiral drops van panel to sell direct
Admiral will underwrite van insurance directly rather than through its broker business Able and its panel of insurers, the group has revealed.
In Depth: Ogden outrage – dismantling the discount rate
The decision to cut the Ogden discount rate for the first time in 16 years sent shock waves through the industry that will be felt for months and years to come.
This week in Post: Renewing your motor policy? That’s Numberwang
Renewing your motor insurance policy as a consumer feels like an instalment of Numberwang, with numbers seemingly plucked out of thin air.
This week in Post: bags of losses
This week has been a tumultous one for me and the insurance market alike.
Admiral CEO’s charity sells shares worth £4.02m
Admiral CEO David Stevens’ own charity, the Waterloo Foundation, has sold 225,000 shares in the insurer worth £4.02m.
Admiral to raise motor premiums by 10% following Ogden
Admiral will increase premiums by a further 10% in coming months following a double whammy of the Ogden rate cut and the hike in the Insurance Premium Tax.
Admiral's profit falls 25% as CEO blames 'eccentric' Ogden decision
Cardiff-headquartered personal lines insurer Admiral saw pre-tax profit fall 25% last year after the shock decision by the UK government to reduce the personal injury discount rate to minus 0.75%.
March 2017 Post: Census and CII CEO
My one-year-old just started toddling. She was so proud after pushing her walker to the other side of the room that she applauded herself. As a result, she lost her balance and landed on her bum.
Former Zurich GI chief becomes Admiral chair
The former CEO of Europe general insurance at Zurich, Annette Court, has been appointed non-executive chair of Admiral.
Aviva takes £385m hit from discount rate cut
Aviva expects to take an exceptional charge to its 2016 profit after tax of approximately £385m as a result of the decision to cut the discount rate.
Financial Ombudsman reveals 5% increase in complaints about insurers
Insurers had 5% more complaints made about them in the second half of 2016 than in the first half of the year, up to almost 18,000.
Admiral sees profit hit of up to £100m from discount rate cut
The discount rate cut will add between £140m to £175m to Admiral’s claims settlement bill, the insurer said.
Ogden discount rate set at minus 0.75%
Liz Truss, Lord Chancellor and Secretary of State for Justice, has decided to implement the Ogden discount rate at minus 0.75%, a change from plus 2.5%.
Post Power List 2017: David Stevens
CEO, Admiral
This week: Decisions, scorecards and a viable alternative
After a slow start to 2017 I suddenly had lots of decisions to make this week about holidays, extracurricular activites and building plans (for my extension).
Lyons to retire as chairman of Admiral
Admiral Group non-executive chairman Alastair Lyons will retire from the position this year, after stating that he will not seek re-election at the group's general meeting in April.
Motor fraud: Reaching critical mass
Although the adoption of My Licence has been slow to date, the Motor Insurers’ Bureau has predicted an increase in uptake to 50% this year. Will 2017 see the service reach critical mass?
Digital Fineprint to join Accenture's fintech incubator
Insurtech start-up Digital Fineprint has been chosen to take part in Accenture’s Fintech Innovation lab.
Two insurers join Markerstudy pet insurance aggregator
Two major insurers have joined Markerstudy's newly-launched pet insurance aggregator.
In Depth: How Facebook unfriended Admiral
Where do insurers stand now on the use of social media data?