United Kingdom (UK)
Blog: Total loss vehicle claims - why are claims directors taking more interest?
In the past, it might be fair to suggest that many claims directors have typically not taken a great deal of interest in the sub-set of motor claims that is ‘total loss’ writes Rob Smale, non-executive director at E2E Total Loss Vehicle Management.
Experts line up insurance options for government e-scooter consultation
The Association of British Insurers has called for an appropriate regulatory framework to be introduced to keep all road users safe if the government allows micromobility vehicles to be used on the streets.
Not appropriate to change insurance policies retrospectively, says Chancellor
The Chancellor of the Exchequer, Rishi Sunak, has told the House of Commons that retrospectively changing insurance policies could cause insolvency issues for insurance companies and is not the most appropriate course of action.
Insurers' investment earnings face coronavirus blow
Insurers are facing depleted investment earnings this year, as the coronavirus pandemic translates to greater volatility in financial markets and falling bond yields.
Telematics Watch: Is black box insurance entering the mainstream?
An early entrant, Igo4 started selling telematics policies in 2012. Eight years later, founder and CEO Matt Munro ponders how its data on the adoption of ‘black box’ insurance indicates it is moving out of the young driver silo.
Government clarifies BI payouts after insurer meetings
The Chancellor of the Exchequer, Rishi Sunak, has confirmed that businesses hit by yesterday’s government guidance for the public to avoid unnecessary contact through going out can claim on their business interruption policies where they have pandemic…
Existing travel policies likely to be eligible for cancellation claims as FCO discourages 'all but essential' trips
Direct Line reported facing increased calls from travel insurance customers on Tuesday after the Foreign Office advised against all but essential international travel in light of the coronavirus pandemic.
Lloyd’s stays open for business amid Covid-19 office closures
Lloyd’s has taken the decision to stay open including its underwriting room with a small office-based team keeping the London building open and critical services running.
Insurance tech firms confident of full service during coronavirus pandemic
All insurance technology suppliers contacted by Post are confident their business continuity plans will maintain a full service for insurer and broker clients as the UK increasingly moves to remote working due to the ongoing Covid-19 crisis.
ABI confirms 'most businesses' will not be insured for coronavirus closures
The Association of British Insurers has issued a statement confirming that most companies won't have purchased insurance cover that would enable them to claim following the government's advice yesterday on coronavirus.
Aspen reports ‘disappointing’ results for 2019 as it appoints CFO
Aspen Insurance has reported an operating loss after tax of $48.4m (£39.7m), which it says is driven by costs relating to the acquisition of the company by Apollo Global Management, restructuring costs, reserve strengthening, unrealised investment losses…
Blog: The rise in fly tipping - what do insurance policies cover?
A recent report by the BBC about the continued rise of large fly-tipping incidents across England came as no surprise as both the frequency and severity of waste related claims as risen, ranging from relatively minor fly-tipping incidents to large scale…
Insurance representative bodies update on coronavirus working plans
The London and International Insurance Brokers’ Association has remained open but is ready to close its office and work remotely according to CEO Chris Croft.
Bought By Many adds Jim Sutcliffe as chair
Exclusive: Bought By Many has appointed former Prudential UK CEO Jim Sutcliffe to chair the company.
QBE to close UK offices to test coronavirus readiness
QBE will shut nine UK offices on Wednesday as it stress tests its remote working contingencies in response to the coronavirus pandemic.
Lloyd Hanks joins Schemeserve
Schemeserve has appointed Lloyd Hanks to its advisory board.
Analysis: Florists and flower stockist - Growing cover
The popularity of the Chelsea Flower Show has driven demand for small florists to start up and for larger garden centres to expand. Are their insurance needs being met though?
Insurers monitoring Biba conference plans after Axa pull out
This morning Axa told Post it would not be exhibiting at the British Insurance Brokers’ Association annual conference due to coronavirus concerns.
Alex Alway leaves executive director role at Ardonagh
Alex Alway has retired from his position as executive director at Ardonagh but remains as executive chairman of both Broker Network and Compass Broker Holdings at Bravo Group.
This week: Keep calm and carry on
This week the World Health Organisation labelled Covid-19 a pandemic as the number infected worldwide and fatalities from the disease continue to rise. As global stock markets crash sparking fears of a recession, the ripple effect has been felt across…
Updated: Admiral, Aviva and Direct Line latest to pull travel cover
Aviva, Admiral and Direct Line have joined a growing list of insurers that have pulled travel insurance products off the market due to the coronavirus outbreak.
Axa pulls out of Biba conference over coronavirus fears
Exclusive: Axa UK&I, Axa XL and Axa Partners will not be attending the annual British Insurance Brokers’ Association’s conference in May due to concerns over coronavirus.
FCA delays dual pricing report till June
The Financial Conduct Authority has postponed its final general insurance pricing practices market study report from this quarter to June 2020.
Green alternatives to courtesy cars gaining traction among young drivers according to new research
Motor insurance policyholders – especially younger drivers - are interested in green alternatives to courtesy cars, new exclusive research for Post has revealed.