United Kingdom (UK)
Spotlight: Technology - Moving towards digital learning in insurance
When lockdown was announced in March 2020, the scale of the adjustment required for remote working may have warranted insurance businesses pressing pause on recruitment and development. But, with lockdown accelerating the use of technology, it’s been…
Aviva targets net zero carbon emissions by 2040
Aviva has revealed its plan to become a net zero carbon emissions company by 2040.
Marine premium growth of 50% in next 10 years an opportunity for London, says Munich Re
The $30bn premium global marine market could reasonably grow to $45bn in the next ten years according to Rob McAdams, head of marine at Munich Re Syndicate.
Brokers urge push back on soaring contributions as FSCS levy total poised to break £1bn
Brokers have called for the insurance industry to kick back against the increase in their Financial Services Compensation Scheme levy with the sector’s bill set to more than triple to £146.8m in 2021/22.
Advertising feature: Are pet insurers doing enough to support pre-existing conditions?
Pre-existing medical conditions have long made the process of shopping around for pet insurance an often challenging endeavour. Ian Howie, managing director, life, health and travel at Verisk Underwriting, UK & Europe, asks how can insurers offer…
Spotlight: Sustainability - Driving down carbon emissions in the construction industry
In 2021, the conversation around climate change has evolved at pace. As a major contributor to carbon emissions the construction industry has a key role to play in driving down carbon emissions – could the use of timber solutions help achieve this?…
Spotlight: Sustainability - Building with timber for a zero-carbon future
The use of correctly designed and engineered timber solutions is a key driver in the delivery of net-zero by 2050. While insurers are wary of the risks associated with structural timber, the insurance and construction industries need to take a…
£77m Covid impact drives RSA UK loss
Scott Egan, RSA’s UK and international CEO, has said the division delivered a “strong” performance in 2020, despite the impact of Covid-19 bringing a halt to its return to profitability in the UK.
MoJ publishes long awaited pre-action protocol as it confirms May debut for whiplash reforms
The Ministry of Justice has published vital rules for the whiplash portal, including the pre-action protocol and practice direction.
Blog: Changing attitudes in consumer travel
Kelly Ward, sales, marketing and distribution director at Axa Partners UK & Ireland, considers Covid-19 driven changes in the travel industry – and the future of travel insurance.
FCA adds four to exec team
The Financial Conduct Authority has recruited four people to its executive leadership team including its first chief data, information and intelligence officer.
Former Aviva CEO Mark Wilson joins forces with Sun Capital to lead motor insurtech Abacai
Sun Capital and ex-Aviva CEO Mark Wilson are targeting a share of the £16bn UK motor insurance market with venture Abacai, building on Complete Cover Group.
Briefing: Lloyd’s culture survey results no beacon
While Lloyd’s Culture Survey 2020 results show a modicum of progress, ethnic minorities’ and women’s experiences continue to drag – even before considering the pandemic impact.
Fully Comp: Episode 13 - For all the hype, is there tangible evidence UBI, telematics and on-demand motor have seen lift off during the pandemic?
For the thirteenth episode of Post’s video series Fully Comp we gathered a group of experts together to consider if the Covid-19 pandemic has had any impact on the consumption of non-traditional annual motor insurance products.
Trade Voice: Biba's Steve White on why insurance-bashing headlines won't help small businesses
Steve White, CEO of the British Insurance Brokers' Association, argues that sweeping headlines in the wake of last month's Supreme Court business interruption test case judgment haven't helped anybody.
Industry urges rapid action on reforms as Solvency II and future of regulation reviews close
Following "data not dates" means there is no need to delay regulatory reforms where there is common ground, experts told the audience at the Association of British Insurers’ annual conference yesterday alongside calls for the watchdogs to have a…
Blog: Motor repairs - how are insurers responding to consumer behaviour?
When it comes to motor insurance offering the consumer choice brings a host of benefits and overall improves customer satisfaction. Mia Constable, head of business development at E2E Total Loss Vehicle Management, asks how can consumers be offered more…
FCA calls for even more progress from insurers as number of vulnerable customers reaches 27.7 million
The Financial Conduct Authority has revealed there was a 15% increase in the number of customers with vulnerable characteristics between March and October last year.
Widespread pandemic and disease exclusions tantamount to 'market failure', conference hears
Pool Re boss flags 'market failure' concerns as exclusions mount with no 'Pandemic Re' or 'Resilience Re' solution on the table yet.
EU 'likely' to follow UK's lead on Solvency II changes to free up investment capital
The European Union would likely follow the UK’s lead were it to reform Solvency II rules to free up capital for long-term investments, attendees at the Association of British Insurers’ annual conference have heard.
John Glen MP says more 'clarity' around insurance contracts needed following BI crisis
The insurance industry will play a significant role in supporting economic recovery as the United Kingdom emerges from lockdown, Economic Secretary to the Treasury John Glen MP has said, as he urged for more "clarity" around what insurance covers going…
Vital that valid BI claims are settled quickly after test case, ABI chair Jon Dye tells insurers
The dispute over business interruption cover has undoubtedly been difficult and most people will have only seen one set of headlines about the insurance industry during the pandemic, Allianz UK CEO and Association of British Insurers chair Jon Dye told…
Advertising feature: The Electric Revolution is closer than you think – are you ready?
The widespread adoption of electic vehicles is down to factors such as lifestyle changes brought on by the Covid-19 pandemic and people becoming more environmentally conscious writes Steve Molloy, director of commercial sales and EV strategy at AX.
Aviva’s Phil Bayles on an increasing risk but a decreasing priority – a perfect cyber storm?
Businesses have been stretched and tested over the last year, and in the move to increasing their digital presence and enabling employees to work from home, they are inadvertently leaving themselves exposed to cyber criminals, says Phil Bayles, chief…