United Kingdom (UK)
Sedgwick acquires entertainment loss adjuster
Sedgwick has acquired entertainment insurance loss adjuster Adams Media Loss Adjusting.
QBE's Cecile Fresneau on being prepared for the worst
Businesses are operating in unpredictable times and Cecile Fresneau, executive director for UK Insurance at QBE, believes preparing for the what if’s and the absolute worst-case scenario will keep insurance relevant.
Enterprise sees claims costs rocket from Ogden impact
Enterprise could pay out £101.4m more in UK claims than its administrators had predicted, largely owing to the Ogden rate hit on its motor book.
Analysis: Are the barriers too high for CMCs?
Claims management companies will see registration fees increase by 400% when they come under the regulation of the Financial Conduct Authority next month, prompting fears that smaller firms will move into unregulated areas.
This month: Seeking the right fit
I’m a fan of making sure stuff is the right fit - I make a point of trying on new outfits in my own home with accessories and shoes to make sure it all works for me. I also test drove my new car a few times to check it was what I wanted. Aon, however,…
Axa reshuffles management following COO arrival
Axa has restructured the responsibility portfolios of its management committee, following the arrival of Shali Vasudeva as chief operating officer in January.
Bosses could be sued for lack of Brexit preparation
Company directors could face legal action if they fail to prepare adequately for a no-deal Brexit, with limitations to directors and officers cover meaning they could find themselves personally liable.
Insurers to pay up to double compensation for FOS complaints
Insurers will have to pay more than double compensation to consumers and businesses who complain under the Financial Ombudsman Service.
Blog: International Women's Day - the value of gender diversity
Today millions of people will be celebrating International Women’s Day and with this year’s theme focusing on the need to create a more gender-balanced world, it’s fair to say this is very relevant for the insurance industry.
Aviva prepares for further claims inflation in 2019
Aviva’s UK business is anticipating pricing increases in 2019 as a result of non-weather claims inflation.
Lloyd’s appoints Hayley Spink as a head of global operations
Lloyd’s has appointed Hayley Spink as a head of global operations, replacing Joe Dainty.
Admiral profits benefit from anticipated Ogden rate change
Admiral has seen profit grow on the back of claims releases ahead of an anticipated change in the Ogden rate.
Aviva sees profit increase as new CEO takes the helm
Aviva has posted a modest profit growth for last year, even as it warned of a "muted" year ahead for the business.
Blog: Opioid epidemic - The pain persists
Britain is in danger of replicating the painkiller epidemic that has ravaged the US. Dorothy Flower, partner, and Emma Kislingbury, associate at RPC, explore how this might impact pharmaceutical companies, medical practitioners, healthcare providers, and…
Editor's comment: The future is bright
I have seen the future of insurance. It’s not orange as advertisers in my teens predicted and neither is it the green that insurers are currently facing with the motor green cards, but it is bright and it is positive.
Analysis: Why are insurers hiring in-house loss adjusters?
Insurers are increasingly hiring teams of loss adjusters to handle claims in-house, rather than outsourcing to a third-party firm. Post looks at this trend and whether it represents part of an established cycle
Aon pulls out of Willis Towers Watson talks
Aon has pulled out of a potential merger with Willis Towers Watson.
Insurers count cost of EHIC no-deal Brexit loss
The loss of European Health Insurance Cards in the event of a no deal Brexit could increase insurer costs and put UK travellers off European mini-breaks.
Aon-Willis deal could attract competition concerns
Aon might have to sell off portions of Willis Towers Watson, if it did proceed to buy the business, analysts said.
Analysis: What do the millennials think of insurance?
Insurance has struggled to attract talent in recent years, finding itself competing with ‘sexier’ industries
Aon in talks to buy Willis: reports
Aon is reportedly in talks to buy rival Willis Towers Watson.
MIB to set up green card booths at ports
Motorists who have failed to obtain a green card prior to driving in Europe will be able to collect one from a port.
UK insurtechs among delegates on US trade mission
Flock and Digital Fineprint will join 11 other British fintech companies in a Department for International Trade delegation to Empire Fintech Week in New York.
Industry is falling behind on digital transformation: research
Financials services lag behind other industry sectors when it comes to digital transformation, according to a recent report.