LV
Roundtable - Insurance Act: Facing up to the challenges ahead
Having been granted Royal Assent last month, the replacement for the Marine Insurance Act 1906 will come into force in August 2016. How will the industry cope with adapting to the reforms?
Webinar - The data difference: How analytics can help insurers maximise customer value
In a market as competitive as general insurance, it is imperative that companies have as accurate a view of their policyholders or prospective customers as possible.
Online court proposal queried as a 'white elephant' for insurance claims
The proposal to introduce an online dispute resolution system for civil claims below £25,000 has been branded "overly ambitious" and a "potential white elephant" by industry commentators who have called for thorough testing before such a system is…
Defendant ordered to pay costs in fraudulent whiplash case
A judge in Portsmouth has thrown out a case that involved a motorist trying to claim fraudulent damages for whiplash.
Brokers think home insurance sector will be more competitive in 2015
In a survey of brokers working in personal lines, more than half said the biggest threat to growth will be growing competition from other brokers and direct insurers in 2015, according to research by LV Broker.
CMA no claims bonus deadline branded 'wholly unrealistic' and a distraction
Insurers and brokers have rejected the Competition and Markets Authority’s proposed deadline of 1 September for a protected no claims bonus remedy, declaring it “wholly unrealistic” and warning it could lead to market distortion.
Market Moves - 19 February 2015
All the latest job moves in the insurance market.
Insurers clamour for industry standard on premium comparison
There is a groundswell of support among insurers to establish an industry standard on premium comparison at renewal after Axa broke ranks to introduce such a scheme for personal lines customers.
LV research highlights 'compensation culture' strain on the NHS
Eight in ten UK car accidents where one driver accepts liability involve a compensation claim for whiplash, according to a study by LV.
DIS 2015 - Speaker: Paul Wishman: group e-commerce director, LV
Paul Wishman joined LV in March 2007 and is responsible for the company’s digital channels including websites, aggregators partners, digital strategy and operations.
Improved social media engagement a 'key priority' for insurers
Insurance companies have conceded more needs to be done to embrace social media as a tool to engage with consumers after a survey ranked the industry among the worst performing sectors in terms of online presence.
Insurers vow to learn from CMA report blow to combat credit repair inflation
The Competition and Markets Authority’s decision not to address the rising cost of credit hire has led to a “free for all” in credit repair cost inflation, according to insurers, who have vowed to unite to tackle the issue.
LV focusing on profitability
LV group CEO Mike Rogers has insisted the firm is focusing on “profitability rather than top line income” after the business recorded a reduction in annual general insurance gross written premium to £1.39bn last year from £1.45bn in 2013.
Fundamental dishonesty clause criticised for 'unfairly targeting claimants'
Claimant legal bodies have slammed the non-amendment of the the Criminal Justice and Courts Bill clause
Commercial growth taking off at Arc Legal after Axa and LV deals
Arc Legal managing director Helen Withers is confident the legal expenses firm will reach the target of tripling the size of its commercial book this year after signing deals with Axa and LV.
Video: State of the Broking Nation Webinar
Service and the shift towards digital technology in the general insurance market were discussed in a lively webinar session hosted by Post and LV this week, which is now available to watch.
SMEs vulnerable to fines by skimping on insurance cover
More than 200,000 UK SMEs do not have insurance cover in place, according to research from LV Broker.
ERS swoops for Rees to head underwriting fraud
ERS has appointed Linda Rees as underwriting fraud head as it looks to expand its anti-fraud measures.
Post's Christmas Q&A
As the festive season is drawing to a close, Post caught up with some of the insurance industry's key players to talk miserable Christmas songs, Die Hard and Mr Blobby...
Post's Christmas Q&A
As the festive season gets well and truly underway, Post caught up with some of the insurance industry's key players to talk New Year's resolutions, champagne and history books...
Post's Christmas Q&A
As the festive season gets well and truly underway, Post caught up with some of the insurance industry's key players to talk Santa slippers, mince pies and terrible Christmas presents...
Review of the Year: General Insurance
General insurers including Ageas, Aviva, Direct Line, Axa and LV reflect on a year that started with immense flood claims, saw the Competition and Markets Authority’s final report into motor insurance and ended with a warning by the regulator on the use…
Direct Line brand awareness dominance not translated in policy sales
Direct Line is failing to transform dominant brand awareness among consumers into policy sales, according to the latest Global Reviews UK motor insurance providers digital marketing effectiveness study.
New look IFB technical board to be chaired by Axa fraud boss Davies
Axa global chief fraud control officer Richard Davies has been appointed as chairman of the Insurance Fraud Bureau’s technical board as part of a shake-up that will result in an influx of new board members.