Exclusive: Tesco has notified the Ageas UK board that it is likely to end its decade long home and motor insurance relationship next year, Post understands.
The Financial Conduct Authority will not engage with the industry in “an extended dialogue for many months” to find alternative remedies to dual pricing, the regulator has warned.
The publication of the hotly-anticipated interim report on the Financial Conduct Authority’s market study of general insurance pricing practices that was expected this summer has been delayed until October.
Gallagher has acquired RGA Group, a lettings and landlord broker based in Brentford, marking a return to acquisitions eight months on from its acquisition of Stackhouse Poland.
The rental market in the UK is changing and it's changing fast. As house prices go through the roof, owning a place has become a pipedream for the younger generation, writes Stephen Cowap, head of insurance at Urban Jungle.
The industry faces heavy scrutiny from regulators and the government over pricing practices and personal injury reform, all while reeling from the prospect of a looming Brexit. Huw Evans, Association of British Insurers director general, spoke to Jen…
The industry saw 1300 insurance scams every day last year at an average cost of £12,000 each, according to numbers released by the Association of British Insurers.
Creating and retaining loyal customers is a goldmine for businesses. Customers who champion and support a particular brand not only continually strengthen their own relationship but also act as an advocate to other consumers.
Aviva’s UK general insurance business delivered an operating profit of £172m for the first half of 2019, though the result excludes the £45m expense of strengthening reserves following last month’s discount rate decision.
Ageas UK saw a £27.6m bounce as a result of the discount rate change, offsetting large motor losses for the half.
Homeserve Lab’s Leakbot is currently live and working with a wide range of insurers in the UK, Europe and the US. Post spoke to the company’s non-executive chair, former Axa UK CEO and Prudential UK and Europe CEO Mark Wood, to hear about its plans for…
Pricing practices in the home insurance market are under scrutiny and according to Jay Borkakoti, director, home insurance, UK and Ireland, LexisNexis Risk Solutions insurers need to use claims history data to better their understanding of property risk.
The dual pricing noose is slowly tightening around the insurance industry’s neck. Its laudable attempts to escape from the regulatory hangman seem increasingly futile as the pressure is mounting on the Financial Conduct Authority to take action.
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.