Allianz Global Corporate & Specialty will look to reduce its global headcount by a further 400 as it embarks on a transformation programme.
There have always been points of conflict in the insurer and broker relationship but this week that reached a new low as RSA offered up Marsh as a human shield in its battle to avoid payment of business interruption claims for the Covid-19 pandemic.
Marsh has disputed RSA allegations its clients should be liable for brokered policy contract issues in the Financial Conduct Authority’s business interruption test case, as brokers were dragged into the ongoing proceedings.
In the 29th episode of Post and Insurance Age’s video series we gathered together an expert panel to discuss the prevention, detection and prosecution of insurance fraud at a time of pandemic.
As preparations continue for a July test case to determine whether business interruption policies cover coronavirus lockdown losses, Post delves into the “representative sample” of wordings on which the court will be adjudicating.
Aviva’s advice on executive pay and corporate governance and responsibility is bang on the money.
The Covid-19 crisis has highlighted once again how fraudsters will use any opportunity to devise new means to make crooked money. While the insurance industry is constantly evolving to try and combat whatever the latest fraud is and is now harnessing the…
Claims surges have been a frequent occurrence in recent years as events around the globe have hit insurers across multiple lines of business. The past year has seen Australian bush fires, the collapse of Thomas Cook, storms Ciara and Dennis and now the…
In the 23rd episode of Post and Insurance Age’s video series we gathered together a trio of start-ups featured in the Insurtech 100, all of which are focused on the distribution of products through the business-to-business-to-consumer channel.
Exclusive: The CEO and founder of Digital Fineprint Erik Abrahamsson has left the insurtech he launched in 2016, Post can reveal.
FCA guidance, solidarity during coronavirus and climbing for charity
Some insurers have now decided to pay up on business interruption policies, the regulator has said, but just how much of an impact do these 'u-turns' really have on the BI situation and consumer confidence?
Zego co-founder and CEO Sten Saar tells Emmanuel Kenning about the insurtech’s significant growth ambitions, how he came into the market nearly four years ago and why he is committed to it for the long haul
Amber Rudd, former Home Secretary, will lead one of six working groups set up by the Pandemic Re steering group.
Allianz has named Rebecca Rogers as head of property claims joining from LV.
Exclusive: Despite some support of recovery plans for Covid-19 leading to a resilient, net-zero and inclusive economy, the sector has been criticised for a weak response to a coalition of non-governmental organisations' calls to support green and fair…
Zego is in trials on selling its usage-based motor policies in partnership with brokers, co-founder and CEO Sten Saar told Post.
With nations forced into lockdown, economies struggling and health systems under extreme pressure, the Covid-19 pandemic is one of the biggest challenges any of us has ever faced. But the crisis could also prove to be a much-needed catalyst for action on…
John Berry has been appointed chief risk officer for Allianz Holdings and Allianz Insurance having held the role on an interim position since the start of the year.
Allianz could see a €1bn (£882m) or more hit from the coronavirus pandemic across property and casualty, Allianz group chief financial officer Giulio Terzariol has cautioned.
Allianz Holdings, comprising of LV General Insurance and Allianz Insurance, saw £68m in claims relating to storms and flooding in the first quarter of 2020 as Allianz unveiled a global property and casualty €400m (£351m) Covid-19 hit.
This month we put the insurance industry under the microscope - looking into how much progress the Lloyd's market has made to bolster diversity and inclusion in the sector, the efforts taken to pay out business interruption claims and the industry's…
Zurich has appointed Ralph Brand and Chris Waterman to newly created jobs, as the insurer further simplifies its underwriting function.