Post - 2010-10-07
Articles in this issue
ABI highlights its successes
Your leader 'Breaking up: hard to do?' highlights the importance of the Association of British Insurers effectively representing our general insurance members.
Environmental liability - under-insurance: Clean up your act
Environmental insurance is regularly purchased by companies looking to cover historical liabilities rather than their day-to-day operational risks. Tony Lennon examines the reasons behind this decision.
Broking focus - SME: Survival of the fittest
Are brokers right to see SME as a 'safe house' for commercial insurance, Jakki May asks if direct insurers can really have an impact on the sector and how intermediaries can counteract this threat.
Fraud Management Briefing news: Allianz boss seeks support for casualty fraud forum
Allianz fraud manager Mihir Pandya has vowed to establish a casualty fraud forum with the help of the Insurance Fraud Bureau.
Postscript - five years ago: RSA's Haste warns over volume chase
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.
Editor's comment: An offer you can't refuse?
Most of us will no doubt have been taken in by the 'buy one, get one free' offers that litter the aisles of supermarkets — and ended up with two of something we had no intention of buying. It is thus with some interest that Post this week reports that…
Fraud Management Briefing news: First broker poised to join the IFB
The Insurance Fraud Bureau is set to expand its membership after inviting brokers and loss adjusters to join its network.
In series - Professionalism & CPD: Banging the drum
Lynn Richards-Cole extols the virtues of professionalism for brokers and details why technical skill development is essential in serving customers.
Penny Black's insurance week
The re-launch of 1960s fashion label Biba must have raised a few eyebrows at the British Insurance Brokers' Association.
Postscript - 20 years ago: CII and CIBS merger is postponed
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 20 years ago reveals.
Postscript - 10 years ago: Broker team leaves Heath Lambert
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
In series - Professionalism and CPD: The gold standard
Brokers have embraced the professional development mantra of producing highly skilled employees.
Hyperion deal
Hyperion Broking has agreed to acquire Singapore's Accette Insurance Group.
Environmental liability: The carrot or the stick?
The idea of a new compulsory insurance class appears to represent opportunity to some and a major risk to market stability for others. Ralph Savage reports on how compulsory financial provision for environmental damage is viewed and whether it could ever…
Customer value management: Improving margins
Broker marketing skills have become ever more important in the personal lines market, with the growth of online aggregators. Tim Ham reports on the increased need for customer value management to optimise profit.
L&G to reveal new GI boss
Legal & General was poised to name its new general insurance boss as Post went to press on Tuesday.
MYI makes Eire move
Loss adjuster MYI has opened up its first office in the Republic of Ireland.
Career path & CSR news: BHSF raises £3356 for homeless kids
Staff at BHSF have raised £3356 by taking part in the 28-mile St Basil's Cotswold Challenge 2010.
RSA renews First Assist legal deal
RSA has renewed a partnership with First Assist Legal Protection that will see the latter act as its legal expenses insurance partner for a further three years.
Career path & CSR news: Ecclesiastical academy wins development award
A training initiative run by insurer Ecclesiastical has won a development award from the Manchester Chartered Insurance Institute.
Solicitors' PI numbers stable
The number of law firms without solicitors' professional indemnity cover has remained stable due to competition among qualifying insurers, XL Insurance has claimed.
Fraud Management Briefing news: Insurers warned against broad approach to litigation
Insurers who litigate broadly instead of focusing on specific fraud cases are likely to lose business, Tradex has warned.
Insurers are failing to properly utilise Google
Insurers that choose to pay for search space on Google are not getting the most out of their money, according to consultancy firm Greenlight.
Career path & CSR news: Preparing for the abolition of the default retirement age
Earlier this summer, the government announced a consultation on the future of the default retirement age, proposing that it should be scrapped between April and October next year.
RBSI unveils new senior claims team
Royal Bank of Scotland Insurance claims boss Steve Maddock this week unveiled his new senior team.
Fraud Management Briefing news: Ombudsman is criticised for condoning fraud
A financial ombudsman sparked debate when she questioned whether the insurance industry should always consider that a customer who exaggerates a claim has committed fraud.
Interview - Patrick Snowball: Turning the light on at Suncorp
When Patrick Snowball headed to Brisbane to take the reins at Suncorp, many in the UK industry were surprised. Jonathan Swift finds out why he took this particular job offer and his plans for his tenure.
Helphire eyes new areas after restructure
Helphire is gearing up to enter a period of development, after completing a substantial restructuring of the business.
View from the top: More important than ever
I was recently asked to defend the value of brokers within the insurance industry and discuss whether their role had changed as a consequence of the economic downturn.
Major brokers fail to sign Aldermanbury Declaration
Three of the UK's major brokers are conspicuous in their absence from a list of signatories to the Chartered Insurance Institute's Aldermanbury Declaration.
Insurers face age ban if gender ruling is enforced
The British Insurance Brokers' Association has consulted its European counterpart Bipar on the best step forward after a European Court of Justice advisor said gender should not be a determining risk factor when setting insurance premiums.
Treasury rejects ABI call for IPT concession
The Treasury has rejected a plea by the Association of British Insurers for a concessionary period when the implementation of the new insurance premium tax rate rises come into effect next year.
MMA names new underwriting director
Former Esure underwriting and business development director Colin Batabyal has joined MMA, almost 11 months after departing his former employer.
Lord Young blasted over H&S
Garwyn health and safety director Mike Williamson has revealed he is "uneasy" about a potential lack of objectivity in Lord Young's upcoming health and safety report.
Ex-CBG director makes comeback with Willis
Former CBG director Karen Mercer is set to re-enter the insurance market with a senior role at Willis, Post has learnt.
Adjusting 'for free' service unveiled
Claims management services provider LAS has outlined plans to shake up the way loss adjusters are remunerated, with the launch of a new arm that it boasts can provide an equivalent service for free in 95% of household cases.
Top six insurers only ones safe from SII M&A wave
The incoming Solvency II regime could lead to increased merger activity among European mid-tier insurers, Allianz's Andreas Berger has claimed.
Career path & CSR news: Job demand sees slight increase
The number of new jobs on offer across the country rose by two points (2%) compared to last month, according to a new survey.
Fraud Management Briefing news: Psychology is 'no silver bullet' strategy
The most advanced psychological techniques must be used as part of an overall fraud strategy to be most effective, Crawford's claims psychology director Nikki Grieve-Top claimed.
Fraud Management Briefing news: RBSI's Clare urges more underwriting input in fraud arena
Insurers must focus on the entire length of the product cycle in order to combat fraud, a senior figure at Royal Bank of Scotland Insurance has warned.
Clear moves into healthcare
Brokerbility member Clear Insurance Management has launched a new healthcare arm that aims to provide private medical insurance and employee benefits products to small businesses through to large corporate clients.
Snowball eyes return to UK
Former Aviva board director Patrick Snowball has revealed his firm intention to return to the UK insurance market when his contract with Australian financial services firm Suncorp finishes in 2013.
LFC growth continues with Essex aquisition
Essex-based commercial broker LFC Insurance Group has added to its personal lines portfolio through the acquisition of Chelmsford Insurance Centre.
ABI approves IFR trial
The Association of British Insurers has given the green light for a six-month trial of the Insurance Fraud Register.
Post Magazine – 7 October 2010
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Post Intelligence Benchmarking – Loss adjusting: The loss leaders
Insurance 360‘s groundbreaking survey of the performance of loss adjusting firms reveals who is performing well and who needs to up their game. Peter joy reports.
Fraud Management Briefing news: Fraud victims broken down
Nick Mothershaw, director of fraud and identity solutions of Experian spoke to delegates about how the insurance and credit industries can work together to root out fraud using credit verification processes and checks.