The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
In this issue, Post commemorates the 100th anniversary of the date that Great Britain and France declared war on Germany and Austria, thus beginning a period of great upheaval for the nation.
Director of content Jonathan Swift digs into the Post archives to see how the magazine reported the outbreak of war and its impact on the insurance community, finding the words with which Post Magazine & Insurance Monitor reported the involvement of Great Britain in the First World War in the issue dated 8 August 1914: “Without appreciable warning, Britons are plunged from their habitual cheerful security, from holiday projects, domestic happiness and peaceful business activity, into 'darkness and the shadow of death'". We also ask a number of major insurers how the conflict impacted their staff at home and abroad.
In the news, a two-year investigation into the UK private motor insurance market stands on the brink of failure, according to the Association of British Insurers, following the Competition and Markets Authority’s admission it may perform a U-turn on capping credit hire costs; the arrival of driverless cars on UK roads at the start of next year represents a stark reminder of the policy challenges facing traditional motor insurers in the years ahead; and insurers have condemned a House of Lords decision to include the term ‘fundamentally dishonest’ within proposed legislation to tackle fraudulent personal injury claims.
We have a triple helping of C-Suites: Peter Hubbard, chief executive of UK General Insurance believes the industry is at a fork in the road, driven there by technology and rapidly changing customer expectations; chief executive of capital, science & policy practice at Willis, Rowan Douglas, argues that companies must provide more information about the risks they face to allow better capital allocation; and Axa’s managing director, commercial intermediary, Jon Walker, says it is time for brokers and insurers to embrace their similarities.
Also, Mark Baylis, chairman of the International Underwriting Association-Association of British Insurers Rehabilitation Working Party, comments that the views of practitioners will play a key part in the rewriting of the Rehabilitation Code; and in Trade Voice, counter fraud director at DWF, Jamie Taylor, warns the industry not to let its focus slip in the fight against fraud.
Mark Sands meets HDI Gerling’s chairman Christian Hinsch and UK managing director Richard Taylor. The morning after Germany’s World Cup triumph, the pair talk about how their firm is entering a new phase in its evolution – and reveal what they’ve learnt from the successful German football team.
With Lloyd’s mulling over a move away from its iconic Lime Street base, Francesca Nyman takes an in-depth look at some of the remarkable London buildings that insurers call home. And finally, an update to health and safety legislation means insurers need to pay renewed attention to the rarely considered threat of legionnaires’ disease. But while some are already labelling the condition the ‘new asbestos’ in terms of claims, others insist there’s nothing to worry about. Post looks at who is right.
Enjoy the read!
- Cost of motor claims hits highest ever level
- Ombudsman launches review following undercover investigation
- Aviva hires LV and Zurich bosses in commercial growth plan
- Munich Re to cut 900 jobs as reinsurer targets profits surge in 2018
- Axa denies U-turn after customer has excess refunded from Liverpool car park fire
- Loss adjusting and insurtech gains fail to stem Charles Taylor profit decline at full year
- MCE to pull out of Ireland following ‘incredibly disappointing’ loss of passporting