This Month: Figures, finalists and fools

Post April 2019 cover

Our cover interview for April features Amanda Blanc’s move from Axa to Zurich which was perhaps the most talked about people move of 2018. The Association of British Insurers' chair spoke to Jen Frost about her plans for the business in the coming year.

While Blanc has made it to the top Post conducted an analysis this week on gender pay gap figures released for the sector. Despite recent efforts to roll out diversity initiatives, figures remain relatively static for the industry, with experts predicting that it could be up to a decade before we see the gender gap narrow.

In other news we reported how lawyers have warned speed limiters in cars ‘could create an insurance gap’ and that the government should intervene to close loopholes by preventing owners of vehicles installed with mandatory speed limiters from claiming on their motor insurance. 

Elsewhere, Grenfell insurer Protector anticipates losses of 75m. The insurer of Grenfell Tower has so far paid out £24.5m to the Royal Borough of Kensington and Chelsea, and expects total insured losses to reach £75m. Meanwhile, Marsh & McLennan has completed its $5.6bn acquisition of JLT, while Lucy Clarke, president of newly-operational Marsh JLT Specialty, has promised clients “an unmatched depth in terms of expertise and resources” following the merger.

In our April issue we analysed the impact of US insurtech Lemonade cutting its losses and how the claims sector will be impacted by the Financial Conduct Authority stepping in as regulator for claims management companies. We had a special focus on the motor market and our roundtable event looked at escape of water claims

And as the excitement mounts for the British Insurance Award’s 25th anniversary, we looked at how the insurance sector has gone above and beyond in major loss claims since the event was launched and finally we revealed the shortlist.   

Well done to those who spotted our April fools day joke. No, social media influencers cannot be insured against the risk of losing followers on Twitter or Instagram – well not any time soon at least. And if you haven’t had watched it already, the fourth episode of The Claims Apprentice is out, with Team Fortitudo and Team Discovery battling it out to devise the best multi-platform talent recruitment campaign for school leavers.

Having attended a few social events this week including an entertaining games night that included playing my favourite game on the Nintento Wii, Mario Kart and a spot of crazy golf - I’m looking forward to a relaxing weekend ahead. Hope you are too!

Hiriyti Bairu
Commissioning Editor

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