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Aviva planning aggregator motor roll out after Confused pilot
Aviva is targeting this autumn for the next stage of its move onto aggregators after a trial with Confused, Colm Holmes, Aviva CEO of general insurance, told Post.
Direct Line open to acquisitions and partnerships: CFO Tim Harris
Direct Line Group remains open to inorganic growth from acquisitions and partnerships despite the Covid-19 impact, DLG chief financial officer Tim Harris has confirmed.
PE firms circle AA for takeover talks
Motoring group The AA has confirmed holding takeover talks with three private equity parties as it discusses “a wide range of potential refinancing options”.
NFU Mutual rejects accusation it misbehaved by deducting government grants from payouts
NFU Mutual has defended itself against claims by self-catering accommodation businesses that it is unfairly deducting the value of government grants from coronavirus-related payouts.
Future Focus 2030: The future of property
As part of a monthly series, Post looks into the future at how the insurance market might change, with each part focusing on a specific issue through a 2030 lens. In the latest instalment, Jonathan Swift looks at how in 10 years new technologies from…
Briefing: Is it time to lock up your employees as Amazon comes a-calling?
News that Amazon is expanding in the Indian insurance market coupled with its recent recruitment in the UK could leave insurers feeling a bit worried for their staff and their business.
Ex-Sure Thing boss Devine made CEO at Ceta owner
Brendan Devine has been appointed CEO of Atec Group, which trades under the brand names Ceta Insurance, Arkel Underwriting and Insure My.
ABI and Biba tout 'postive impact' of voluntary action on dual pricing
Voluntary initiatives launched in 2018 to address dual pricing are “having a positive impact”, the Association of British Insurers has claimed amid suggestions that the industry needs to go further and do so quickly.
Government accused of missing the point on homeowner flooding support
Government flooding funding "misses the point" on homeowners, it was alleged, as £5.2bn was pledged towards various initiatives.
Briefing: The FCA is sending the wrong message on dual pricing
June 2020 was to be the month insurers got their comeuppance on the saga that is dual pricing, but the Financial Conduct Authority has once again dropped the ball.
Q&A: Tara Parchment, head of private clients, Brit
Tara Parchment joined Brit to head up its private client offering in November 2018, after 22 years at Chubb. She spoke to Post about plans for the Private Clients offering, how it will meet the changing customer needs and how the current pandemic is…
Updated: Insurtech Buzzvault closes its MGA business as latest raise collapses due to Covid-19
Exclusive: Insurtech Buzzvault has closed its managing general agent business, Insurance Post can reveal.
Price comparison sites report return to normality after Covid disruption
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.
Top 100 Insurtech Firms 2020: The insurtech graveyard
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.
Insurance Monitor: On the back foot on business interruption
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,…
Investment returns push Covéa into profit after underwriting loss
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.
Amanda Blanc to lead government review into flood insurance
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.
Insurance Monitor: Act now to start repairing the reputational damage
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
Analysis: After the flood
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
FCA calls on insurers to show 'flexibility' in dealing with customers amid pandemic
The Financial Conduct Authority has said it expects insurers to show flexibility in dealing with customers affected by the coronavirus outbreak.