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Tractable targets SE Asia and mulls property diversification after $25m raise
Insurtech Tractable is targeting new clients in South East Asia, the Middle East and Latin America after unveiling a $25m (£19.2m) Series C investment, led by Georgian Partners
Direct Line to cut 800 jobs
Direct Line Group is cutting 800 jobs over the next two years, the insurer has confirmed.
Motor Mouth Podcast 5: The future of mobility and the impact for motor insurers
In the next in our series of podcasts with Motor Insurance World speakers, Alex Lewis-Jones, research manager at Delta EE, is interviewed by Post’s editor Stephanie Denton, on alternative modes of travel, the challenges and hurdles to our transport and…
Kennedys spins out inhouse innovation team as stand-alone business
Law firm Kennedys has spun out part of its innovation function as a separate wholly-owned limited company in order to speed up product development and attract staff more suited to its technology/software focus.
Blog: The hardening high-net-worth market
Insurers are tightening up high-net-worth policies. Mark Pierce, operations director at Criterion, asks what this means for customers.
FCA to make 'direct contact' with individuals whose data was published online in error
The Financial Conduct Authority has confirmed it will be contacting individuals after their confidential information was published on its website by mistake.
UKGI CEOs want to fix the loyalty penalty: Penny James
General insurance CEOs want to tackle dual pricing and support further regulatory intervention, a conference heard.
ABI calls for annual government flood defence spending to rise to £1.2bn
Jon Dye, the chair of the Association of British Insurers, has called for government flood defence investment to rise to at least £1.2bn a year.
Deliveroo investors back £3.3m raise for ex-Aviva innovation head's gig economy insurtech
Insurtech start-up Collective Benefits has closed a £3.3m seed funding round involving Stride VC alongside existing investors Delin Ventures and Insurtech Gateway.
Flood impact driving on claims surge after storms Dennis and Ciara
The "significant" impact of river flooding is expected to persist over the next few days, the Environment Agency confirmed, as insurers continue to receive a surge of claims on the back of storms Dennis and Ciara.
Allianz UK operating profit drop driven by 'large number of factors': Jon Dye
There was “a very large number of factors” behind the significant drop in operating profit at Allianz UK in 2019, according to CEO Jon Dye.
Operating profit down one third at Allianz UK
Allianz UK has reported profit of £138.1m for 2019 supported by investment gains as operating profit fell.
This week in Post: Do or delay
The government is likely to make an announcement delaying the much-awaited whiplash claims portal in a matter of days, sources close to the project told Post this week.
MIB urges government to act after Supreme Court rejects Lewis appeal
The Motor Insurers' Bureau has been tipped to challenge the government into amending the Road Traffic Act or change its own Articles following this week's Supreme Court ruling in the case of MIB v Lewis.
Blog: Meatballs, Billy Book cases and Hemsaker: Can Ikea make flat pack household insurance a success?
As Ikea teams up with Swiss Re to enter the household insurance market, content director Jonathan Swift reflects on how the Swedish furniture giant could disrupt the sector with its own brand of flat pack cover.
Government delay to claims portal expected within days
Industry experts have predicted that the government is ready to delay the upcoming launch of the claims portal with an announcement expected “very soon”.
Restructuring costs weigh on Ageas' 2019 profits
Ageas UK saw its profitability slump by 21% last year, reporting full-year profits of £60.3m compared to £76.7m in 2018.
Call Connection creditors set to share £246,000 as claims hit £4.7m
Call Connection creditors will share a payout of around £246,000 as claims from secured and unsecured creditors total £4.7m, administrators BDO have estimated.
Post Office switches from BGL panel to Ageas home insurance partnership
Post Office Insurance has teamed up with Ageas on an exclusive five-year deal for home insurance.
Storms Dennis and Ciara could cause greater claims surge than the Beast from the East
Storm Dennis has caused a second weekend of claims surges across the UK, and together with last weekend’s Storm Ciara, could be on track to exceed the impact on claims volumes of 2018’s Beast from the East.
Ardonagh buys Bennetts for £26m
Ardonagh Group has agreed to pay Saga £26m for Bennetts Motorcycling Services.
Blog: A quick-fire reshuffle
Post news editor Jen Frost reflects on Sajid Javid’s shock exit as Chancellor and what this could mean for insurance premium tax and the budget.
Insurers face further storm pressure as Dennis bears down on UK
Storm Dennis will hit the UK this weekend, following a claims surge and disruption from last weekend's Storm Ciara.
More room for improvement says Zurich's Naidu as UKGI profit jumps in 2019
Zurich’s UK general insurance arm saw profit almost double and its combined operating ratio improve in its 2019 financial year.