United Kingdom (UK)
European Commission urged to delay Insurance Distribution Directive
The ECON committee of the European Parliament has called on the European Commission to delay the application of the Insurance Distribution Directive.
Policy Castle to offer discounts to customers using smart home devices
Digital insurance platform, Policy Castle will be offering discounted home insurance premiums if they have connected devices installed in their home.
BP Marsh sees profits double from asset sales
Insurance-sector investor BP Marsh saw profits more than double to £10.2m in the six months to 31 July.
Blog: How insurers can harness digital labour
Adam Woodhouse, director of the CIO Advisory at KPMG, explains how the insurance industry can speed up its march towards digital labour.
Ageas appoints Robin Challand as claims director
Ageas has appointed Robin Challand as director of its claims service.
CII sells historic £19m Aldermanbury office
The Chartered Insurance Institute will sell its £19m Aldermanbury offices to the City of London Corporation.
Use of dashcam footage in claims nearly triples in two years
The use of dashcam footage in car accident claims has risen by 285% in the past two years.
Cyber risk tops corporate risk agenda in preparation for GDPR
Cyber risk has reached the top of the corporate agenda as the implementation date of the General Data Protection Regulation draws nearer.
Markerstudy launches ‘life hack’ app Trice
Markerstudy has launched a “life hack” multi-lines direct app, in partnership with RDT.
FERMA 2017: Charismatic leaders could be a firm’s biggest risk
Risk managers have been urged to recognise that business leaders can be a firm’s biggest risk.
FERMA 2017: Risk managers urged to have ‘open dialogue’ and make sure firms are honest about risks
Inga Beale, CEO of Lloyds, has urged for a change in business culture to allow firms to admit to mistakes or errors so insurers can properly cover their risk exposures.
EMEA organisations falling behind on cyber insurance spend
Organisations spend on average four times more on insuring physical damage, such as property, plant and equipment insurance, than they do on insuring information assets.
Watchstone files defence in £637m S&G fraud lawsuit
Watchstone has filed its defence in the £637m lawsuit launched by Slater & Gordon in June.
Lloyd’s writes $738m cheque to cover Harvey, Irma and Maria
Lloyd’s of London has paid $738m for Harvey, Irma and Maria claims.
Axa's Brendan McCafferty on AI and staff
Artificial intelligence is raising concerns among insurance staff but Brendan McCafferty, CEO of Axa Insurance, believes it opens up a range of possibilities.
'Foolish' insurance cheat caught out after TV bungee jump
A reality TV show contestant has been handed a 10-month custodial sentence suspended for two years after a bungee jump on national TV scuppered her fraudulent personal injury claim.
This week in Post: storm warning
Almost 30 years ago to the day, I had my first introduction to the power of Mother Nature and the world of insurance as the 'Great Storm' of October 1987 swept across the UK.
Eight men sentenced after CCTV footage exposes crash for cash
Eight men have been sentence for staging a bus crash and faking injuries after CCTV footage showed the alleged accident to be orchestrated.
Insurers gear up for Hurricane Ophelia on anniversary of 1987 Great Storm
A major hurricane is expected to batter the UK next week, as the insurance industry marks 30 years since one of the most devastating storms to ever the country.
Government launches holiday sickness claims consultation
The government has published a call for evidence on measures that could help curb the number of personal injury claims arising from package holidays.
Blog: Breaking the renewal cycle with subscription-based insurance
Nigel Phillips, commercial director at CDL, lists the advantages of insurance customers going monthly.
Lemonade develops API to sell insurance via online retailers
US insurtech firm Lemonade has developed its own application programme interface which will allow web developers to offer the firm’s policies via their own websites.
Brokerbility survey sees Allianz ranking highest for overall satisfaction
The latest satisfaction survey from Brokerbility has revealed the insurers that ranked highest for their claims, underwriting and accounts processes between April and September 2017.
Allianz's Jeremy Trott appointed chair of claims faculty board at the CII
The Chartered Insurance Institute has appointed Allianz head of claims operations, Jeremy Trott, as the chair of its claims faculty board.