United Kingdom (UK)
Further Ogden hits anticipated but whiplash claims falling, says Admiral
Admiral is anticipating further cost pressures as a result of the change to the discount rate, but has confirmed that whiplash claims are falling.
Confused's profits fall 46%
Confused.com, Admiral’s price comparison business, saw profits almost half in the first six months of the year.
Admiral reports slight rise in pre-tax profit despite Ogden impact
Admiral has reported a slight jump in its pre-tax profit during the first half of 2017, despite an earlier hit to profits of £150m from the Ogden rate change.
BP Marsh: On the hunt for the next Besso
The last year has seen investment firm BP Marsh exit three of its largest investments; Besso, Trireme and the remaining portion of its stake in Hyperion. As a result of the sale, the company had a war chest of £29.9m and a deluge of enquiries from start…
Analysis: Business interruption - Trigger warning
As cyber and terror risks trigger new types of business interruption, insurers are becoming the go-to resource for expertise.
Bennett Christmas merges with Slade Edwards Insurance
Bennett Christmas is merging with Horsham-based Slade Edwards Insurance Brokers as part of its on-going expansion.
General insurance complaints jump within the last year
General insurance complaints submitted to the Financial Ombudsman Service have increased over the last year, recent results have shown.
Allianz reassures brokers over LV commercial book concerns
Exclusive: Allianz has sought to reassure brokers over concerns regarding renewals of the acquired LV commercial book.
Webinar: The power and potential of technology and analytics
There is a lot of noise around the potential for data analytics to give insurers an advantage in everything from pricing to fraud detection.
Claims handler sees personal injury claim dismissed on the grounds of fundamental dishonesty
Two claimants, one of whom was a road traffic accident claims handler, have had their £10,000 personal injury claims dismissed at trial and been found to be fundamentally dishonest.
Towergate to roll out food safety compliance tech
Towergate Insurance has partnered up with technology provider, Checkit, in order to reduce business premiums and the risk of liability for food companies.
BGL's Julia Walker-Smith on pooling intelligence and using data science to combat fraud
The insurance industry needs to share information about known fraud to prevent multiple teams from duplicating the same work, according to Julia Walker-Smith, associate director of fraud at BGL Group.
Legal Update: The Legacy of the Grenfell Tower Fire
Following the Grenfell disaster earlier this year Hill Dickinson partner Jonathan Anslow believes there is likely to be an influx of claims arising from the design, specification and installation of cladding systems.
Davies Group acquires Claims Management Services Limited
Davies Group has acquired specialty casualty claims third party administrator, Claims Management Services Limited
Fraudster sentenced after making 13 fraudulent claims worth £12,069
A fraudster has been handed an eight month suspended sentence and a compensation order of £2000 after making 13 fraudulent claims totalling £12,069.
UK businesses 'underestimate' the effects of cyber attacks
UK businesses underestimate how long the effect of a cyber attack will last, with 50% expecting to be fully operational after just 48 hours following an attack.
Driving test changes a 'missed opportunity' insurers say
Insurers have warned that planned updates to the driving test do not go far enough by not introducing graduated driver licensing.
Fidelis appoints Charles Mathias to its board of directors
Fidelis has appointed Charles Mathias to its board of directors, replacing Neil McConachie who resigned as group financial officer and director earlier this year.
UK General's Karen Beales on why MGAs are the 'new black'
Regulators are forcing insurers to make more efficient use of their balance sheets and allocate capital where it can deliver the most effective returns, this allows smaller players in the market the opportunity to fashion insurance packages for special…
Insurers throw cold water on regulator's reporting proposals
Insurers have criticised regulatory proposals which may increase reporting burdens for insurers.
Details emerge on £500m Sabre float
Sabre has hired Barclays and Numis Securities to oversee a listing on the stock market that could be worth £500m, according to Sky News.
This week in Post: M&A, Ogden misery and the Mobot
With London hosting the World Championships there has been a sports buzz about the city this week.
A-Plan's Carl Shuker on how to deserve customer trust
Insurers could create a panel of customer advocates to rebuild trust, recommends Carl Shuker, CEO of A-Plan Insurance.
Blog: Insurers must pursue exaggerated claims
A recent prison sentence for a claimant who exaggerated injuries, is proof that compensators should pursue this kind of fraud vigorously, writes Kieran Jones, partner at Weightmans.