United Kingdom (UK)
Blog: Flood-damaged cars - are insurers missing a trick?
Earlier this year parts of the UK were under water and serious flood warnings are becoming more commonplace, writes Jane Pocock, managing director, Copart UK.
Diversity and Inclusion Q&A: EXL's Iulia Vernis
Diversity and inclusion is gathering pace in the insurance market, and Post editor Stephanie Denton sat down with Iulia Vernis, senior assistant vice-president for insurance for EXL, to find out how the market can do more.
Zego to target UK insurance licence after becoming Gibraltar carrier
Insurtech Zego has become a licensed insurance carrier in Gibraltar and is also expected to target a full UK licence.
UK composite insurance pricing surges 12% in Q3, says Marsh
Insurance pricing in the third quarter of 2019 surged by 11.8% year on year in the UK driven by increases in property as well as financial and professional liability lines, according to research by Marsh.
Plan Group targets top 50 with Pedal Cover Plus buy
Plan Group has bought Kingswood Insurance Brokers, the owner of Pedal Cover Plus, as it targets becoming a top 50 independent broker within five years.
Axa's Jon Walker on why it takes three to make the market work
In a hardening market, competition is tough to place property and casualty risks. Now more than ever, brokers need to work closely with insurers and customers on claims prevention and risk management, writes Jon Walker, executive MD of Commercial…
Guidewire unveils product innovation platform
Guidewire's latest platform, Advanced Product Designer, is expected to design and deliver insurance products faster, a conference heard.
Insurers brace for some sizeable losses as UK barraged by floods
UK flooding is expected to continue, as insurers and loss adjusters have warned of a "spike" in both personal and commercial lines claims as a result.
Hyperion makes senior finance appointments
Hyperion has appointed a group chief finance officer and group finance director.
Analysis: Reservoir dams - a water-tight insurance risk?
With almost 3000 dams supplying drinking water to towns and cities they are a common feature in the UK countryside. However, when heavy rain in August threatened the integrity of the emergency spillway at Toddbrook Reservoir an emergency evacuation of…
Ageas' Andy Watson cautions motor premium levels are ‘unsustainable’
Ageas UK CEO Andy Watson has cautioned that amid the Ogden rate change and inflationary pressures, current motor rates are “surprisingly low and unsustainable”.
Minster Law cuts costs and warns others must do the same to survive reforms
Personal injury law firms face a “bleak future” unless they bear down on their fixed costs ahead of reforms set to come into force next year, Minster Law CEO Shirley Woolham has warned.
Ogden rate, large losses and claims inflation knock Allianz UK COR in Q3
Allianz reported operating profit of £100m for the year to date in its Q3 results, with its combined operating ratio slipping to 96.5% from 95.7% at the half year.
Vibe syndicate to enter run off
Vibe will place Syndicate 5768 into run off at the end of the year.
Andy Briggs to become Phoenix Group CEO
Phoenix Group CEO Clive Bannister will step down in March 2020, with former Aviva UK insurance CEO Andy Briggs to take up the mantle.
Lloyd’s to form single governing body
Lloyd’s of London has confirmed it will merge its Council and Franchise Board from 1 June 2020, after receiving widespread support from across the market and revealing ambitions to build the most 'advanced insurance market' in the world.
This month in Post: Thomas Cook-up
In a week that was dominated by personal injury fracas, the revelation that Thomas Cook self-insured against all but the “very largest” PI claims may well take the cake for biggest botch up.
Insurers should embrace cloud technology to transform their businesses: Guidewire CEO
The insurance industry needs to change “decades-old habits” and use cloud-based systems to effectively manage risk, inform people and make decisions, a conference heard.
Lancashire appoints UK chief underwriting officer
Lancashire has appointed its UK chief underwriting officer from within, with incumbent Hayley Johnston set to become CEO of its Bermuda arm.
Thomas Cook personal injury fund unlikely to provide full compensation, lawyers warn
A government scheme due to be set up to pay the personal injury claims of Thomas Cook customers is unlikely to be sufficient to provide claimants with full compensation and may be open to abuse if appropriate safeguards aren’t put in place, lawyers have…
Aviva pushes for tighter solicitor regulation as it claims CMCs are making a mockery of the system
Solicitors must declare the source of their claims leads, Aviva has challenged, as research shows a tiny fraction of nuisance calls have the legally-required customer consent.
RSA UK reveals £8m restructuring for Q3 amid cost cutting
RSA UK has booked £8m in restructuring charges for the third quarter, as overall the group reported its operating profit was up.
Analysis: Under the skin of Lloyd's Blueprint One
Lloyd’s has published Blueprint One: the first of a number of ‘blueprints’ it intends to produce over the coming years as it overhauls the market for the 21st century
Penny Black's Social World: November 2019
Three Peaks Challenge, cycling to Amsterdam and helping communities