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Direct Line profit drops despite Ogden rate releases
Direct Line saw operating profit drop, despite reserve releases ahead of an anticipated Ogden rate revision.
Direct Line to target price comparison sites with Darwin launch
Direct Line will launch a business called Darwin in the next quarter focused exclusively on sales from price comparison sites.
Roundtable: Pet insurance: the state of the market in 2019
In February, Post held a roundtable, in association with Aquarium Software, to examine the state of the UK pet insurance market, touching on issues from consumer education and pricing, to how data and technology may revolutionise the market
Blog: What could CEO Penny James bring to Direct Line?
Jonathan Swift reflects on whether Direct Line's new "understated" and "inquisitive" CEO Penny James might be the right person at the right time, given the on-going pricing review.
This week in Post: Storm, Brexit and diversity
This week, the sunshine we were blessed with last week was replaced by a more winter-appropriate grey sky and rain.
Go Compare expects increased dual pricing in motor
Go Compare is expecting differential pricing to grow more pronounced this year, potentially buoying the company’s flagging motor comparison business.
RSA suffers £43m underwriting loss in second 'disappointing' year
RSA UK & International have announced a second consecutive year of UK losses, recording an unprofitable combined operating ratio of 101.4%.
Hastings profit sees steady growth
Hastings saw profit after tax of £130.6m in 2018, an increase of 3% from £126.7m in 2017.
Go Compare sees comparison revenue down as fewer customers switch
Go Compare saw revenue from its price comparison business fall by £4.8m as a result of “lower customer switching activity”.
Insurers should stick to 'risk reflective pricing'
Insurers should ensure that premiums are a fair reflection of risk, a conference heard.
Pay-per-mile motor insurtech By Miles raises £5m
By Miles has raised £5m in a Series A funding round led by Bought by Many investor, Octopus Ventures.
Q&A: Richard Coleman, Collinson
With increased regulation and Brexit travel insurance is facing an interesting time, Post caught up with Richard Coleman, European director at Collinson, who talked to us about his thoughts on market developments in 2019.
Analysis: What happens to motor after March 29?
In the event of a no-deal Brexit, motorists will have to carry green cards in the EU. But that’s just the tip of the iceberg
Lloyd's syndicate-backed insurtech launches
Lime, a new life insurtech targeting what it calls a “protection gap” in the UK, has launched.
Amanda Blanc issues caution on insurer big data use
Zurich EMEA CEO, Amanda Blanc cautioned insurers on how they use big data in her keynote speech at the Association of British Insurers annual conference.
Auto renewals cost drivers £1.23bn a year
Auto renewals are costing drivers a collective £1.23bn a year, according to research by Go Compare.
British Insurance Awards at 25: The judges reflect on the changing market
With the deadline for entering the British Insurance Awards getting ever closer, what better time to introduce the judges who will be casting an eye over these years submissions? Post canvasses them for their favourite memories of previous BIAs and their…
This week in Post: Sun, scams and Brexit
As we draw closer to the start of spring, the UK has seen unseasonably warm weather, with temperatures climbing into the double digits in recent days. But it’s not just the weather that’s heating up.
Court throws out claim that would have created 'fraudsters' charter'
A six year landmark case that would have 'driven a coach and horses' through UK law has been thrown out by the Supreme Court.
Axa UK shifts focus to commercial as it makes profit
Axa UK and Ireland saw a combined operating ratio of 98.4% for its property and casualty business, an improvement on the 99.1% in the previous year.
Markerstudy Gibraltar business cost Qatar Re owner £37.9m
The acquisition of Markerstudy's Gibraltar-based insurance business cost Qatar Re just £37.9m once cash assets were taken into consideration.
Ageas UK says long goodbye to Ogden impact as CEO Watson hails ‘strong’ motor performance
Ageas UK saw a threefold increase in profitability in its 2018 full year results, reporting a profit of £76.7m compared to £25.4m in 2017.
Fly BMI collapse highlights insurance gap
Nearly half of travel policies do not offer cover for airline failure as standard, research found, following the collapse of budget airline Fly BMI.
Blog: Policy renewals – the importance of loyalty
What many insurance companies perceive when their customers renew is the illusion of loyalty. Oke Eleazu, chief operating officer at Bought By Many, argues consumers don’t have an affinity for their insurance company and renewals are usually down to…