Post forward features list

Insurance Post writers are working on the features listed below.
You may contact the journalists directly to offer interviews and comments.

Please make sure they have all relevant material several days before the deadline.

 

Topic: Product recall

Author: Sam Barrett
Contact: [email protected]
Deadline: Friday 26 January

Defective tumble dryers, tainted milk or unstable furniture have all made the headlines recently as their manufacturers had to recall them for safety reasons. Just a few months ago, confectionary giant Mars claimed for $50mn - $60m on its product recall policy after fears of salmonella contamination.

Product recall risks are growing in size and number as technology drives new triggers, according to a report by Allianz Global Corporate & Specialty. The average cost of a significant recall is $12m but ‘ripple effect’ events can cost billions. Claims affect mostly the automotive industry, followed by the food and beverage sector, and the IT/electronics sector.

Tougher regulation, global supply chains, materials from fewer suppliers and consumer awareness are contributing to a rise in recalls. But emerging triggers include ethics, social media pressure and cyber vulnerabilities.

Research by Lockton shows that UK food and beverage manufacturers are being forced to take out increased liability insurance to meet contractual demands from retailers.

What are the prospects for the product recall insurance market? Can it face these larger claims?

 

Topic: Fires at zoos

Author: Rachel Gordon
Contact: [email protected]
Deadline: Friday 2 February 

Thirteen monkeys died in a fire caused by a generator at Woburn Safari Park in early January. Just a couple of weeks before that, 10 fire engines were dispatched to London Zoo to tackle a blaze that killed at least one aardvark and sent one person to hospital, as well as leaving several meerkats unaccounted for.

What do specialist insurers and brokers think about these two incidents? What kind of impact will they have on this niche market? What are the other risks associated with zoos? How can they be managed?

 

Topic: Women-friendly travel policies

Author: Rachel Gordon
Contact: [email protected]
Deadline: Friday 16 February

Is there a market for women-friendly travel insurance?

Travel With Jane launched in 2016 in Australia with products aimed specifically at women, incorporating pregnancy cover. In the UK, Sheilas’ Wheels offers travel cover with a provision allowing children to travel free on their parents’ policy. But Diamond UK, which is also a car insurer targeting the female market, has stopped offering travel insurance to new customers.

Last year, Steve Wardlaw, Emerald’s chairman, had a meeting at the Foreign Office to discuss women-friendly travel policies and other topics.

So is there a real demand for women-friendly travel policies? Are the European rules on gender-neutral pricing stopping this product from developing?

 

Topic: Mental health in PMI

Author: Annie Makoff-Clark
Contact: [email protected]
Deadline: Friday 23 February

With mental ill health costing the UK economy around £99bn a year, the issue seems to be on the radar of medical insurers: mental health is now covered in 82% of Private Medical Insurance policies, according to Activequote.

What do they hope to gain from this strategy? Is this product evolution for the long term? How is it going to change the PMI market?

 

Topic: Regulation

Authors: Stephanie Denton and Cecile Brisson
Contacts: [email protected] and [email protected]
Deadline: Wednesday 28 February

For a feature on regulation, Insurance POST is seeking opinions from senior executives at major insurance companies. They are invited to answer four questions on the regulatory state of play:

1. The General Data Protection Directive is coming into force in May. What positives will it bring for customers? What challenges will it cause for the UK insurance sector?
2. The application of the Insurance Distribution Directive has been postponed. What do you hope will be achieved by the delay?
3. After Brexit, which European regulation(s) should the UK keep and which one(s) should it ditch?
4. If you could ask anything from the Prudential Regulation Authority and/or the Financial Conduct Authority, what measure(s) would feature on your regulatory wish list?

Answers should be emailed (with the name, job title and colour picture of the executive) by Wednesday 28 February close of play. Please send them to both editor Stephanie Denton and commissioning editor Cecile Brisson.

 

Topic: Commercial use of listed buildings (B&Bs etc)

Author: David Worsfold
Contact: [email protected]
Deadline: Friday 2 March

One in five owners (21%) of residential listed properties run some kind of commercial venture from them, according to a report published by Historic England. Activities include opening up areas to the public as cafes or art galleries, renting them out as office space, and providing accommodation such as B&Bs. Other owners make their properties available for weddings, parties or business functions.

How are insurers catering to their specific needs? Are traditional products adapted to these risks? What size is this market and is it worth developing a new offer? What role could brokers play?

 

Topic: The rise in run-offs

Author: Tim Evershed
Contact: [email protected]
Deadline: Friday 16 March

The volume of run-off deals has been on the rise. 2017 saw deals involving Berkshire Hathaway and AIG, Amtrust Financial and Premia, Swiss Re and Re-Assure, Armour and QBE, R&Q and Prosight, among others. Meanwhile Credit Suisse has raised over $280m for a legacy fund and buyers are lining up for reinsurance-to-close deals with Lloyd’s syndicates. More transactions are in the pipeline as capital continues to flow into the sector.

What is driving the desire for both vendors and acquirers to do these legacy deals? Has excess capacity in other lines helped drive this? If so, will it slow down as the market begins to harden in the wake of last year’s national catastrophes? How are improvements to capital modelling helping to drive these deals?

***

PEOPLE COLUMNS 

With the relaunch of Post in print as a monthly edition, we introduced three new columns. We are on the lookout for people to feature in these:


Odd jobs in insurance

This page is designed to highlight the diversity of insurance as a career. This is a Q&A with someone who works for an insurer but in an unexpected capacity - basically not an underwriter or claims adjuster. Are there drone flyers, historians, vets or others working in insurance? We want to hear about them.

Nominate someone willing to take part by emailing [email protected]. We will then send over some questions, which will need to be answered in writing in no more than 500 words. We will also need a picture of the person in their unexpected job.


My other life

Each month we will feature a person in the industry and their life outside of insurance or the hobby at which they excel. Possible candidates could be expert sportspeople, published authors, musicians, scoutmasters, alternative therapists etc.

Nominate someone willing to take part by emailing [email protected]. We will then send over some questions, which will need to be answered in no more than 300 words. We will also need a photograph of the person in their work wear and then in the clothes they wear in their other activity or hobby.


Rising star

This column is designed to highlight rising stars in the sector. We would like managers to put forward their under-30 promising talent, explaining why they are a rising star.

Managers may nominate someone under 30 by emailing [email protected]. We will then send over a set list of questions asking the rising star about their career to date, which will need to be answered in no more than 300 words. We will also need a picture of the rising star and their CV to date, along with a picture of the manager.

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