Admiral
Aviva top of the pile for digital user experience in motor
Personal lines insurers are lagging behind price comparison sites in terms of digital user experience, financial technology company Instinct Studios has warned.
Admiral grows customer base but turnover droops
Admiral has reported an expanded number of total group customers at the end of Q1, but noted that group turnover has fallen by 7% to £514m (2013 Q1: £551m)
Cyber Crime: Hack attack
As the demand for cyber insurance products grows, insurers are being required to service the market as well as protect their own businesses from cyber attacks.
Admiral remaining vigilant after Aviva data breach
Admiral has said it is actively working with claims teams to mitigate the risk of a potential data breach after Aviva sacked two employees for giving customer data to claims farming companies.
Admiral records 7% profit growth as reserve releases soar
Admiral Group today posted a 2013 pre-tax profit of £370m, a 7% increase on its 2012 result, in a year group chief executive Henry Engelhardt called a “baked potato”.
2013 results: insurers’ CORs boosted by benign weather but RSA takes £244m hit
Insurers’ full‑year results were bolstered by largely benign weather conditions last year as many firms sacrificed market share in motor and home segments to retain profitability.
Add-on sales top the agenda in Competition Commission talks
CHO critical of commission’s credit hire cost calculations,
ABI confident insurers will get behind its personal injury code of conduct
Code aims to combat perception of insurers exploiting PI claims.
Admiral extends reinsurance deals to 2016
Admiral has added an additional year to reinsurance partnerships with Hannover Re, Mapfre Re, New Re and Swiss Re, extending contracts to 2016.
Law firm demands Axa and Aviva declare motor profits
Thompsons Solicitors is demanding Axa and Aviva reveal their UK motor insurance sales trading figures saying the insurers are in breach of International Financial Reporting Standards until they do so.
CII to engage LV, Admiral and Esure in retail standards scheme
The Chartered Insurance Institute will kick-start its retail standards initiative by asking senior executives at firms including LV, Admiral and Esure whether such a scheme is likely to generate industry-wide support.
Market Moves - 30 January 2014
Admiral, Canopius and Novae were among the recruiters in what was a busy week for insurers, with Bollington and JLT-owned Thistle the brokers making moves.
Admiral guarantees premium discounts for users of new app
Admiral teamed up with telematics provider Wunelli to launch its ‘AppyDriver’ smartphone app in a bid to reward safer driving with discounted premiums.
Career development: More than 60 jobs created by Admiral and Auto Windscreens partnership
Admiral Group has signed a three and a half year preferred supplier agreement with Auto Windscreens that is set to create more than 60 jobs at the repair company.
Admiral swoops for former Phoenix Group CRO
Admiral has recruited the former chief risk officer of pension fund consolidator Phoenix Group to serve as a non-executive director and risk committee chair.
More than 60 jobs created by Admiral and Auto Windscreens partnership
Admiral Group has signed a three and a half year preferred supplier agreement with Auto Windscreens that is set to create more than 60 jobs at the repair company.
US car comparison site sale will not impact Admiral FY results
Admiral has stated that a further sale of a minority equity stake in its US car insurance comparison website Compare Now will have "no material impact" on its full year results for 2013.
Young driver safety scheme wins Admiral sponsorship
Admiral has thrown its support behind a young driver safety initiative that offers lessons to aspiring motorists aged between 11 and 17 by agreeing as the title sponsor of the scheme.
Admiral extends Munich Re underwriting deal until 2018
Admiral has agreed to extend its underwriting arrangements with Munich Re for its UK car insurance business for a minimum or five years.
DLG closing the gap on Admiral as dividend yield hits 7%
Direct Line Group has paid dividends of 16p per share in 2013 and has achieved a dividend yield of 7% for the year to date.
Admiral to bring in 150 sales and customer service staff
Admiral is preparing to welcome 150 new recruits to the business across south Wales region at the start of next year.
Brokers baffled as FCA places them in ‘high risk’ group
Aggregators say FCA probe into sector no longer relevant.
Scepticism remains over ‘underwriting discipline’ in Q3
Full-year results expected to take a hit from St Jude storm.
Editor's comment: Pass me a fork
It appears you can teach an old dog new tricks. Not so long ago I used this space to berate insurers for their lack of action in commercial underwriting, with firms talking the talk but not walking the walk.