With the outcome of Brexit still unclear and a possible European Union exit on 29 March looming, some insurer bosses have cautioned that we could see rising claims inflation this year.
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.
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.
Aviva’s UK business is anticipating pricing increases in 2019 as a result of non-weather claims inflation.
Lloyd’s Brussels has gained authorisation to continue writing insurance and reinsurance risks in Monaco following the UK’s planned exit from the European Union on 29 March.
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.
A lot has changed at the AA in the five years since Janet Connor, now director of insurance, joined the organisation. She explains to Jonathan Swift how an investment in data and technology – alongside the relaunch of its insurance company and board…
Motorists who have failed to obtain a green card prior to driving in Europe will be able to collect one from a port.
Direct Line saw operating profit drop, despite reserve releases ahead of an anticipated Ogden rate revision.
A changing risk landscape is creating new challenges for SMEs and those tasked with providing the sector with insurance. But SMEs need to evolve as newer risks such as cyber attacks and data protection – along with the raft of uncertainties around Brexit…
This week, the sunshine we were blessed with last week was replaced by a more winter-appropriate grey sky and rain.
The regulator has issued a warning to insurance companies not to use Brexit as “an excuse to offload customers”.
Hastings saw profit after tax of £130.6m in 2018, an increase of 3% from £126.7m in 2017.
In the event of a no-deal Brexit, motorists will have to carry green cards in the EU. But that’s just the tip of the iceberg
Finance minister Robert Jenrick today warned insurers they must take responsibility for dual pricing.
Huw Evans, director general of the Association of British Insurers, will tonight warn that if there is no alternative other than no deal then the UK must delay Brexit.
QBE Europe has seen its profit dip slightly even as it grew premium.
Germany has adopted preliminary provisions, which could see the passporting rights of UK financial institutions, including insurers, temporarily extended in the event of a no-deal Brexit.
As we draw closer to the start of spring, the UK has seen unseasonably warm weather, with temperatures climbing into the double digits in recent days. But it’s not just the weather that’s heating up.
Any “predictable impact” from Brexit on market premiums will probably result from claims inflation, Ageas UK CEO Andy Watson has warned.
Exclusive: Aviva has successfully transferred 1.39 million policies to its Irish post-Brexit hub at the start of the month, after receiving a regulatory green light.
Allianz has warned over a potential rise in fraud this year should there be an economic downturn following a no-deal Brexit.
Exclusive: The government is mulling an extension to the deadline for insurers to get legal permission to move books of business from the UK to Europe.
Brokers have identified Brexit as their second biggest worry, behind regulation and compliance, Aviva research has shown.