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Editor's comment: Knowledge swap shop
The first of many: that appears to be the over-riding theme of this week’s insurance market developments. First we had the groundbreaking strategic partnership struck between Catlin and China Re, in a move both parties expect will prove extremely…
ABI defends proposal to ban young motorists from driving at night
The Association of British Insurers has been forced to defend its proposals, which included a ban on night driving for young drivers, after they were dismissed as unenforceable by the government and safety campaigners.
News analysis - Smartphone apps: has the prime time arrived to invest in mobile?
The long-held hunch by savvy industry operators that the rapid emergence of smartphone technology presents a potentially lucrative revenue stream was this week underlined by Money Supermarket’s claim to have launched the UK’s first front-end motor…
Perkins Slade rings the changes
Despite a relatively quiet quarter for broker recruitment, Perkins Slade named three new directors this week. The intermediary was not the only firm making changes, with Jelf and Willis also naming new starters. Among insurers I was a bust seven days for…
Post magazine – 24 November 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Catlin and China Re deal predicted to be catalyst for Lloyd’s investment – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including how industry experts believe the landmark partnership between Catlin and China Re will be a catalyst for a boom in Lloyd’s investment from insurers in emerging…
Allianz wins Endsleigh underwriting deal
Allianz Retail has secured a deal with Endsleigh to underwrite the insurance for its new gadget cover which targets graduates who have recently left student accommodation.
Junction names e-commerce and marketing director
Affinity specialist Junction has appointed Vincent Chaney as e-commerce and marketing director.
ABI Motor 2011: “Tough love” proposals to cut young driver accidents
The Association of British Insurers has set out radical proposals to cut the high level of deaths and serious injuries involving young drivers.
ABI Motor 2011: Cheaper ‘work journeys only’ car insurance proposed
Speaking at the Association of British Insurers Motor Insurance Conference tomorrow, John Woodcock, MP, Labour's shadow transport minister will propose that unemployed young people should be offered the choice of cheaper "work journeys only" car…
Garwyn appoints ex-Marsh chief to CEO
Liability loss adjuster Garwyn, has appointed former Marsh boss Artur Niemczewski as CEO.
Hiscox London Market announces two appointments
Hiscox London Market has welcomed two new recruits - Guillaume Bonnissent joins the specialist insurer as line underwriter for personal accident and Rob Ashton comes on board as line underwriter for special risks and personal accident XL Reinsurance.
Bancassurance growth outstrips traditional models in Asia
The growth of the Bancassurance model is outstripping that of agents in many parts of Asia according to Joyce Chan.
Chinese motor market tipped to open up to international players
The Chinese motor market could offer great opportunities for international insurers if local legislation is relaxed next year.
PSTF: Data protection telematics worries
Regulators must make a decision, stating where they stand on who owns the data produced as a result of telematics devices. Speaking at Post’s Strategic Technology Forum, Phil Ford, consulting director at Metaskil, warned that regulators need to consider…
Targeting young drivers pushes more insurers to switch to telematics
Co-operative Insurance is “on track” to have 10 000 customers signed up to its young driver telematics product, as Direct Line announces it too is targeting a pilot at this demographic.
Comment: Understanding the risks
From December 2012, insurance premiums can no longer be based on gender and, as documented in Amy Ellis’ article, a ban on the age proxy looks likely to follow suit. It is not, therefore, inconceivable that a ban on the use of many more insurance proxies…
Website review: Beat That Quote
Web performance specialist Gomez looks at Beat That Quote's website.
Claims - Board representation: Staking a claim
Claims representation at insurer board level may remain a relative rarity — but is it a business critical necessity or a luxury?
Legal expenses: Survival of the fittest
Legal expenses insurers must adapt their models quickly to survive the government’s reforms — or risk extinction.
Data usage: Made to measure
Can insurers rise to the challenge of utilising multiple real-time data sources to maximise sales while minimising exposure?
Post magazine – 17 November 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Stonepoint to reduce interests in Cunningham Lindsey and Lockton – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including how, according to market speculation, Cunningham Lindsey and Lockton International are both looking at options that may see private equity giant Stonepoint Capital…
Japanese quake and Thai floods create double BI blow
Insurers covering Japanese earthquake losses are facing unexpected increases in business interruption claims from manufacturers who moved production and sourcing of supplies to Thailand, according to law firm Reynolds Porter Chamberlain.