Zurich Insurance
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The Marine Insurance Act's outdated rules regarding policy applications are to be replaced by the Consumer Insurance Act.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.
Insurers await outcome of 'dishonest' evidence appeal in Axa case
Several insurers are awaiting a Court of Appeal decision on Axa's use of allegedly "false" Autofocus evidence before potentially resuming out-of-court negotiations with Accident Exchange.
Zurich ends Thomas Cook HNW deal
A Zurich spokesman has confirmed that the recent re-launch of Zurich’s high net worth travel product was preceded by the cancelling of a tie-up with White Horse Insurance.
In Series: External Data - Thinking outside the box
Are insurers making the most of external data by using it to do more than simply price risk?
Brokers rate clarity of contacts crucial amid continued insurer restructures
Axa has retained the top spot in a broker survey of insurer performances in dealing with claims, underwriting and accounts.
Zurich to re-launch HNW travel product before end of the year
Zurich has revealed plans to re-launch its high net worth travel insurance product, in a move which coincides with the 10-year anniversary of the firm's Zurich Private Clients HNW business.
UK General hires former Zurich man for niche motor role
UK General Insurance has appointed Martin Kennedy, pictured, to a new role developing niche motor products.
Insurer stocks dipped ahead of Hurricane Sandy landfall
Stocks for European insurers, including Allianz SE and Zurich Insurance Group, fell on Monday as the US prepared for Hurricane Sandy, which is expected to cause $5bn-$10bn in insured losses, according to modelling firm Eqecat.
QBE appoints claims director
QBE has named former Zurich chief claims officer David Siesko as European claims director.
UK out of recession, but SMEs remain concerned
Over four-fifths of small to medium sized companies remain concerned about the economic climate, according to Zurich, despite declarations that the UK economy has returned to growth.