Personal
AM Best affirms ratings of German insurer SOVAG
AM Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of 'bbb' of SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG. The outlook for both ratings remains stable.
Volkswagen launches accident management product
Volkswagen Insurance Service, the insurance arm of Volkswagen Financial Services, has launched an accident management product.
Exclusive Fleet and accident content now available on Post Europe
Post Europe’s weekly update is now live with all the latest news and an article on how implementing a collision free culture can help fleet safety; as well as a View from the Top on how accident cover in Spain has been hit by the financial crisis.
Co-operative calls for tougher stance on false claims
The Co-operative Group is calling for tougher penalties for firms that encourage false personal injury claims and cold-call potential claimants via email, text or phone.
Accenture to ramp up insurance offering with swoop for Duck Creek
Accenture has entered into an agreement to acquire general insurance software specialist Duck Creek Technologies.
Facebook helps catch insurance fraudsters
A man who made a false insurance claim for a road accident that allegedly left him seriously disabled has been jailed for nine months after he posted pictures on Facebook of himself and his wife caravanning.
Ageas agrees five year GM partnership
Ageas bosses have agreed a five year deal, in principle, with General Motors to provide fully branded motor insurance products to Vauxhall and Chevrolet UK customers.
Thatcham names Neale Philips as strategy director
The Motor Insurance Repair Research Centre at Thatcham appointed Neale Philips, formerly of the AA, to the role of strategy director, responsible for developing a three-year plan to expand the business. It follows the appointment of chief executive Peter…
BGL Group launches new life insurance product
The BGL Group is moving into the life insurance market with the launch of a new level-term cover life product for customers.
Editor's comment: The force is with you
No sooner had the details of the dedicated insurance fraud police unit been revealed this week, than the first fearful voices started to emerge, concerned that this initial £9m bill will be just the tip of the iceberg.
Referral fees: End of the affair?
Despite recent calls for a ban on referral fees, the government must weigh up the wider considerations and consequences of its actions, explains Leigh Jackson.
Post history - Five years ago: Ditch lawyers to get more compensation
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from five years ago reveals.
Interview - Tom Woolgrove & Steve Maddock: Delivering the hard numbers
RBSI's Tom Woolgrove and Steve Maddock are faced with the daunting task of turning the business around ready for a flotation or sale, and they are already seeing some encouraging results, reports Lynn Rouse.
Cardiff office to stay despite Zurich job cuts
Zurich has vowed to maintain a presence in Cardiff despite plans to make sweeping redundancies as part of its return to the direct insurance market.
Supercover seeks partners after income quadruples
Niche intermediary Supercover Insurance is seeking new distribution partners after increasing its income four-fold in 18 months.
Petplan launches new look policy range
Pet insurance provider Petplan has launched a new look policy range designed to stop customers becoming confused over different levels of cover.
Post Magazine – 14 July 2011
The latest issue of Post Magazine is now available to subscribers as a digital and interactive e-book.
DoT to respond to motor insurance inquiry "shortly"
The Department of Transport's road safety minister has said they will respond to last year’s inquiry on the cost of motor insurance premiums “shortly”.
Insurance News Now – 14 July - Insurers fear £9m fraud unit will prompt further cash calls
Post senior reporter Amy Ellis outlines this week's major general insurance stories which include fears from some industry figures that the insurance industry will be called on to foot the bill for more policing after agreeing to invest £9m over three…
RBSI MD: We are doing 42 months work in 18 to transform claims
Royal Bank of Scotland Insurance's claims managing director Steve Maddock has revealed the true intensity and speed behind its claims transformation programme in an exclusive interview with Post this week.
AA Insurance welcomes police fraud unit
The AA’s insurance fraud unit Insurance director Simon Douglas has welcomed the creation of a dedicated 35-man unit.
Insurers feel the pressure of rising motor claims costs
The increasing cost of motor insurance is putting more financial pressure on insurers, who last year paid out £1.24 for every £1 collected in premiums.
Brightside trading update points towards future growth
The Brightside Group board of directors are confident of delivering “substantial growth” for the foreseeable future after announcing an 18% policy sales increase in the commercial insurance business.
British Insurance Awards 2011: Driven by ambition
PERSONAL LINES BROKING INITIATIVE OF THE YEAR – WINNER – PROVISIONAL MARMALADE