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Briefing: Abrdn or Aberdon’t
Standard Life Aberdeen’s Abrdn rebrand has met with consternation and raised eyebrows – time will tell whether it pays off or falls vowel of its own “clarity of focus”.
Government warned on ALKS classification as the tech gets the go ahead for this year
The government has announced “self-driving” vehicles could be used on the UK roads this year, as insurers and vehicle experts warned that misclassification of automated lane keeping systems could lead to "misuse" of the technology with potentially tragic…
Small claims track limit changes as whiplash rules get Lords committee green light
Parliamentary under-secretary for the Ministry of Justice, Lord Wolfson has said it is “better late than never” as whiplash regulations passed through the House of Lords with changes to small claims track limit plans.
Analysis: People agenda pushes advice and employee benefits up the list for brokers
Brokers have been urged to expand their offerings with wellbeing and employee benefit propositions as demands from clients shift due to the Covid-19 crisis.
IFB to launch AI fraud detection system
The Insurance Fraud Bureau has partnered with software-as-a-service automation specialists Shift Technology to build a fraud detection system that will launch in early 2022.
Zurich argues fraud allegations ‘mischaracterise’ its role in defective Swansea housing development
Zurich has denied that it acted fraudulently in connection to inspections it undertook of a defective development in Swansea, saying the checks were carried out for the purpose of deciding whether to insure the building against future faults and not to…
Swiftcover founder and ex-Axa CIO Potashnick joins Albany Group
Former Swiftcover co-founder Matt Potashnick has joined the board of London-based automated risk, compliance and regulation software specialists Albany Group.
ERS continues commercial push with two hires
ERS has appointed Ciaran Waters as senior underwriter for US catastrophe and Federico Waisman as head of underwriting management.
Blog: Insurers alert to the insurtech movement stand to be the biggest winners
Earlier this month former Admiral CEO David Stevens suggested insurers were well placed to see off the challenge posed by some insurtechs. Floodflash CEO Adam Rimmer argues that insurers that rest on their laurels may be in for a rude awakening.
Intelligence: Broker Focus - No sign of slowdown in broker mergers and acquisitions
Many parts of life have been on hold for the past year but broker mergers and acquisitions have gone from strength to strength. Post discovers why this sector has been so resilient and asks what the future might bring
Axa adds ex-Quote Me Happy and MIB leaders to retail team
Axa has appointed Marco Distefano as managing director for motor and home and Anna Fleming as chief operating officer in its UK retail insurance unit.
Aviva attains Ethical Company Award from The Good Shopping Guide
Aviva has become the first major insurer to gain The Good Shopping Guide’s Ethical Company Award.
Admiral, Aviva and Lloyd’s sign Fintech Pledge; Nextbase Insurance launches with Axa and Ageas; Rightchoice buys Fresh and Zurich in Ping An tie-up
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
Blog: Gearing up for the FCA’s pricing reforms
Tony Tarquini, director of insurance EMEA for Pegasystems, considers the IT hurdles that insurers face in getting ready for pricing practises reforms – and why he believes they need to be ready to make rapid changes in the future.
Insurance Post TV: Is there an end in sight for the insurance cladding ‘crisis’? Plus interviews with Abacai and Zego
Today Insurance Post launches its new ‘magazine-style’ television show, which aims to get under the skin of some of the best read stories and articles that have appeared in print or online recently.
FCA fees update: Key takeaways as regulator to hike fees by 5.2%
The Financial Conduct Authority has published its latest fees update, with a consultation set to run into May.
Abacai has an 'opportunity to drive' insurtech consolidation but will not pay over the odds, says co-founder Hay
Private equity-backed digital insurance venture Abacai will not be a “consolidator for consolidation’s sake”, although it is inevitable that there will be activity in the insurtech space, one of its co-founders has told Insurance Post TV.
Take part in Post's Motor Survey 2021
Post, in association with Lexis Nexis Risk Solutions, invites industry professionals to take part in our latest motor survey.
Q&A: Bart Patrick, Duck Creek
Bart Partick, managing director for Europe at Duck Creek, tells Post about how old treacle-like tech systems are crippling the industry, the problems with updates and the need for insurers to adopt software-as-a-service. Along with assessing the rise of…
Zurich, QBE and Markerstudy discuss new whiplash portal on Post webinar
With just over a month to go until the new whiplash portal goes live, Insurance Post recently hosted a webinar to discuss how insurers are preparing for the change.
Axa teams up with Microsoft; Ardonagh unveils Beazley capacity deal; Lloyd's to open Manchester hub; LV rolls out ethical standard
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
Marshmallow accused of pilfering trade secrets in Mulsanne legal row
Mulsanne has accused Marshmallow of stealing its trade secrets and other breaches in a legal row that has seen a judge order the broker to disclose underwriting information.
CII posts £4.9m loss for 2020
The Chartered Insurance Institute has reported a £4.9m loss for the year ended 31 December 2020 as a drop in income caused by the coronavirus pandemic more than outweighed reduced operational expenditure.
Abu Dhabi invests in Qmetric
The Abu Dhabi Investment Authority has taken a stake in Policy Expert owner Qmetric in two transactions, Post can reveal.