Zurich Insurance
Top five Asian news stories
The top five stories from www.insuranceinsight.com over the past seven days.
Tens of thousands face being priced out of flood cover
ABI admits its Flood Re model is dead in the water
Fine art: State of the art
The sky-high value of fine art necessitates appropriate cover but, as well as the obvious threat of theft, what else must be considered when insuring artwork?
Flooding risk remains as weather calms: GAB Robins
Loss adjuster GAB Robins has warned that while the worst of the UK’s spate of rain has now passed, many areas remain at risk of flooding.
Zurich hires MENA head
Zurich Insurance has appointed Umron Ahmed be chief executive officer for its global corporate business in the Middle East & Africa.
Annette Court joins Merryck
The former chief executive of Royal Bank of Scotland Insurance and Zurich's European general insurance business Annette Court has joined business mentoring specialist Merryck & Co.
Study could pave way for insuring CSS risks
A group of insurers claim to have found a way to remove barriers to the development of Carbon Capture and Storage technology in Europe, paving, paving the way for more effective action to prevent climate change.
Robotics and home working to be future face of SMEs
A business revolution is to change the landscape for small and medium enterprises over the next 50 years, according to new research from Zurich.
Online SME distribution: Embracing the internet age
The online SME distribution space has struggled to take off in recent years, but is this about to change?
Insurers attack disparity in recoverable costs
Insurers have criticised the Ministry of Justice's proposal to impose higher fixed-rate recoverable costs for claims relating to employers' and public liability than for motor.
Industry in favour of 90-day cooling-off period
The industry has backed risk management association Airmic's voluntary clause outlining a 90-day cooling-off period in which an insurer can freely exchange information with a policyholder before resorting to a reservation of rights.
Consumer Insurance Act: Out with the old, in with the new
The Marine Insurance Act's outdated rules regarding policy applications are to be replaced by the Consumer Insurance Act. Will it make life difficult for insurers, or does it simply codify what they're already doing?
Airmic unveils new 90-day reservation of rights clause
The industry has backed a clause created by risk management association Airmic which gives insurers a 90-day cooling off period to freely exchange information with the policyholder before resorting to the reservation of rights.
Top five European stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Metal theft is 'biggest problem' for property owners
The damage caused by thieves trying to steal metal is proving to be the biggest problem for property owners, according to Zurich.
Asian claims power
Claims is often touted as the shop window of insurance, and claims departments in Europe have been given increasing power. Sam Barrett finds out why the same is not true of Asia.
Is a hard market dawning in Germany?
With the Eurozone crisis, impending Solvency II regulations, and deteriorating loss ratios in certain lines, Francesca Nyman asked German insurers whether the market will harden in the next 12 months.
Zurich says German write-down is "isolated case" as BOP falls 34%
Zurich Insurance Group posted business operating profit of $733m for the third quarter, down 34% on the prior year after financial adjustments in its German general insurance portfolio.
Zurich UK results dented by 'exceptionally large' commercial claim
Zurich UK general insurance chief executive Steve Lewis has blamed adverse weather conditions for a £15m slump in business operating profit, compared to the nine month stage last year.
Roundtable: Legacy systems - IT frustrations and how to beat them
Legacy systems have been named as one of the biggest issues for IT managers, so how can the conundrum of what to replace - and when - be best addressed?
In Series: External data perception - Changing perceptions
How can the industry make consumers more comfortable with the collection and use of their personal data?
Service failures by outsourcers number three cause of supply chain disruption
Outsourcing failure is now a significant cause of supply chain disruption, according to a report by Zurich.
Jumping into the multi-national risk pool
Multinational pooling of group risk products seems to have so many benefits it's a 'no-brainer' but, as Edmund Tirbutt reports, the European market is holding back and wondering whether it's too good to be true.
The Asian talent hotpot for insurers
As insurers ride the wave of rising wealth in Asia the demand for professionals with the right expertise to make the most of growth opportunities is shrinking, as Pagan Van reports.