Exclusive: Insurtech Buzzvault has closed its managing general agent business, Insurance Post can reveal.
Price comparison sites saw the beginnings of a gradual return to pre-pandemic consumer behaviours in May, having seen search volumes plummet in the initial weeks of the lockdown.
Briefing: Insurtech buys incumbent – is Hippo’s deal for Spinnaker a pointer to the future as unicorns spread their wings?
The news today that unicorn insurtech Hippo has entered into an agreement to acquire Spinnaker Insurance - subject to regulatory approval - certainly highlights the continued maturity of the sector.
PREMIUM: For every successful start-up, there are many more failures and insurance is no different. Jonathan Swift reflects on some of those that shone brightly for a short time before being buried in the insurtech graveyard.
In this month's column, David Worsfold, a long-running commentator on the insurance market, explains why he fears the sector got off on the back foot on its business interruption coronavirus response, what Pandemic Re might look like and what impact the…
Blog: Do insurers risk being relegated to the role of white label cover providers in an era of Amazon and Apple?
As Ikea partners with Swiss Re to enter the household insurance market, the move is yet another step closer to insurance cover becoming part of a wider ecosystem economy, where goods and services are bundled for consumer convenience. Keith Stonell,…
Covéa delivered an underwriting loss of £22.3m in 2019 compared to a profit of £1.8m the year before, with the insurer hit by high levels of motor claims inflation and flat market premiums along with a lower level of reserve releases.
Former Zurich and Axa boss Amanda Blanc has been picked to lead a cross-government review into why people did not have enough insurance cover in place during the November 2019 floods and deliver recommendations for future actions.
In this month’s column, David Worsfold, looks at insurers’ reputation as they respond to the coronavirus, at why being flexible is key and what the long-term impacts might be
Storms Ciara and Dennis hit the UK on 8 and 16 February respectively, contributing to what was the wettest February since 1862. Post looks at the impact of the storms
The Financial Conduct Authority has said it expects insurers to show flexibility in dealing with customers affected by the coronavirus outbreak.
The Financial Conduct Authority has postponed its final general insurance pricing practices market study report from this quarter to June 2020.
Legal & General has booked an estimated consideration of £255m for the sale of its general insurance business to Allianz as the division reported an operating loss of £35m for 2019.
Direct Line’s profits slumped by 12.2% in 2019 as the group incurred the first of a multi-year package of restructuring costs and strengthened reserves in response to the revised Ogden rate.
Exclusive: Freedom Services Group has bought insurtech business Homelyfe from Aventus for an undisclosed sum in a deal that closed last week.
Storms Ciara and Dennis and the floods late last year have brought flooding into the media spotlight yet again, with hundreds of homes and businesses under water, many for the second time in recent years and according to Andrew Morrish, claims director…
Hastings is hoping that investment in its anti-fraud capabilities and supplier partnerships secured in the tail-end of last year will mitigate the impact of claims inflation on its bottom line.
Jon Dye, the chair of the Association of British Insurers, has called for government flood defence investment to rise to at least £1.2bn a year.
Blog: Meatballs, Billy Book cases and Hemsaker: Can Ikea make flat pack household insurance a success?
As Ikea teams up with Swiss Re to enter the household insurance market, content director Jonathan Swift reflects on how the Swedish furniture giant could disrupt the sector with its own brand of flat pack cover.
Ageas UK saw its profitability slump by 21% last year, reporting full-year profits of £60.3m compared to £76.7m in 2018.
Post Office Insurance has teamed up with Ageas on an exclusive five-year deal for home insurance.
There are 14 million disabled people living in the UK and, for many, assistive technologies – devices and software that support their day-to-day activity – are a real lifeline writes Johnny Timpson, protection specialist at Scottish Widows.