Discount rate
Industry welcomes progress as whiplash laws pass through Lords
Laws to curb whiplash claims have passed through the House of Lords, the first step toward ending what the industry describes as Britain's 'compensation culture'.
Interview: Steve Treloar and Jon Dye, LV and Allianz
When Allianz acquired 49% of LV’s general insurance business, it set the market talking. Martin Croucher talked to the CEOs of both businesses to chart their progress
Rising star: Claire Tyler, Allianz
Claire Tyler cut her teeth in insurance during the management trainee graduate programme at Enterprise Rent-A-Car. From there, she entered the Allianz claims graduate scheme and worked her way up to become a senior claims handler
Ageas uses full weather reserves on 'Beast from the East'
Ageas used its full weather damage claims allowance for the year during Q1 2018 after the fallout experienced by the Beast from The East.
Ogden rate revision spurs GWP growth for Covéa
Covéa Insurance saw a 10.8% increase in gross written premiums in the financial year to 3 May, up to £739m from £666.3m in the previous year.
This Week in Post: Training, trust and tech
This week in Post, the majority of the team managed to continue putting off doing any substantial exercise for our upcoming Tough Mudder course.
Civil Liability Bill gets second reading in Lords
Peers in the House of Lords examined the Civil Liability Bill yesterday in the Bill's second reading.
Roundtable: Where next for personal injury reform?
Discount rate and whiplash reforms are going through parliament. Will the outcome be beneficial to all?
Personal injury motor claims hit near decade low, government figures show
The number of personal injury motor insurance claims has fallen to the lowest level in nine years, government figures published today reveal.
This week: Proceedings and premiums
This week the UK has been focused on court cases and Inquiries.
Motor premiums have already started to fall: Fitch
Insurers have already started to reduce motor premiums ahead of the government’s proposed whiplash and discount rate reforms.
Aviva's Rob Townend on making sure policyholders benefit from whiplash reform
The whiplash reform and discount rate change can be positive for customers, but Rob Townend, managing director at Aviva UK general insurance, warns the challenge for the industry will be to demonstrate these measures have indeed benefitted policyholders.
Minor discount rate revision could lead to £44m bounce for LV
LV could make a profit of £44m if the discount rate was revised even fractionally, the company said.
This week in Post: Why insurers should head to a Maths Jam
This week I attended my first Maths Jam, a gathering of self-confessed maths enthusiasts who get together in a pub and share stuff they like.
Insurance leaders pledge to pass on personal injury reform savings
Insurance leaders have pledged to pass on all savings made through the Civil Liability Bill reforms to policyholders.
Claimant lawyers accuse government of ‘washing its hands’ of injured people
The government has been accused of taking a ‘sledgehammer approach’ to personal injury reform as it today introduces the Civil Liability Bill to parliament.
Government to unveil discount rate reform
The government will today introduce reforms to the way the discount rate is set, although it is not known whether a new rate will also come as part of the legislation.
Esure broadened risk appetite to spur motor growth, says Ogden
Esure has been able to grow its motor book substantially over the past three years as a result of a more relaxed risk appetite.
Hastings confident of continued growth following strong results
Hastings is confident it will reach three million customers during 2019 following strong 2017 results.
Admiral applies for post-Brexit base in Spain
Admiral will aim to open a post-Brexit subsidiary in Spain, the company announced, as it reported a 43% increase in its pre-tax profit last year.
Week in Post: Are further Swinton branch closures a sign of the times?
I have never bought insurance from a high-street broker. In fact, I know very few people my age who have.
RSA UK commercial book sees COR deteriorate to 108%
RSA UK saw its combined operating ratio for commercial operations deteriorate to 108.1% over the course of 2017.
Axa UK earnings fall in ‘volatile environment’
Axa UK and Ireland has seen its earnings fall by 7% as a result of a “volatile environment”.
Ageas UK eyes further restructuring to drive profit growth
Ageas will continue to restructure its business even as the company is set to return to an underwriting profit for the remainder of the year.