Home insurance premiums could rise 22% for new customers if the regulator moves to axe dual pricing, analysts have warned.
Allianz will transfer Legal & General’s general insurance business to LV once it completes its takeover at the end of the year.
Average home insurance premiums have dropped 1.2% in the past year to £134, despite a rise in subsidence claims, according to the latest report.
Urban Jungle, an insurtech targeted at “generation rent”, has raised £2.5m in a seed funding round.
Covéa Insurance saw its underwriting profit slashed to £1.8m in 2018 compared to £12.4m in 2017, as its personal lines business felt the impact of claims inflation and adverse weather.
Insurance customers are increasingly relying on credit to pay premiums, with nearly one in three planning to use more credit this year, research found.
Insurance has a long history but as David Germain, chief technology officer for RSA, explains, the sector still needs to keep up with technology.
US-based insurer American Family Insurance will deploy Neos smart home technology and related products and services to launch smart home protection service in the US.
Zurich UK has announced it has ‘temporarily withdrawn’ from the direct home insurance market, as it explores other options.
LV plans to build on the home book it picked up from Allianz business transfer, despite losses in the segment last year.
The number of fraudulent insurance claims have soared by 27%, fuelled by rises in household and motor fraud.
Exclusive: Mobile phone insurance insurtech So-sure will look to branch out into home insurance early next year and is mulling international expansion.
Generali Italia has launched a three-year growth strategy that will see the company invest €300m (£258m) in its own business, with a renewed focus on digital and tech-driven services and prevention.
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…
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.
Ageas UK saw a threefold increase in profitability in its 2018 full year results, reporting a profit of £76.7m compared to £25.4m in 2017.
In the last instalment in our insurtech series, Buzzgroup founder and CEO Becky Downing, reflects on the past 12 months and the story of Buzzvault’s launch.
Cavere Group has launched an intermediary business primarily focussed on home insurance.
As head of pricing for Buzzvault, Paul Vinten is keen to unleash his inner data scientist on the firm's new product and see which rabbit hole the figures might take him down.
Both car and home insurance premiums rose over the final quarter of 2018 according to the AA.
High-tech and more traditional theft is on the up, so understanding the latest trends is an important step in tackling it, according to Neil Clutterbuck, chief underwriting officer at Allianz Insurance.
Climate change means extreme weather events are only going to become more frequent. Maurice Tulloch, CEO international insurance, explains how the insurance industry can lead the way in prevention.
The second of a fortnightly series of diary posts providing an insight into the launch of a new insurtech, from Charlie Vinall, business operations manager at Buzz.
Insurtech Buzzvault, which claims to offer the ‘world’s first truly personalised home insurance policy’, launched today.