Insurer
Insurance investors “do not understand” risk appetite
Around of third of insurers believe that their own investors do not understand their risk appetite, a Towers Watson Solvency II QIS 5 survey has revealed.
RSA names Contour North lead trader
Insurer RSA has appointed former North-west UK General business development manager Andrea Rutherford as lead trader for Contour North.
Kiln enters liability market
Insurer and reinsurer Kiln has launched a new liability unit.
L&G posts £8m insurance loss
Legal and General attributed an £8m general insurance loss for 2010 to “extreme weather conditions” at the end of last year.
Jeffries: Munich Re Japan losses “modest”
Jeffries International has predicted “relatively modest” Munich Re losses from the Japan earthquake of €1bn (£869m).
Risk report attacks industry failures
The insurance industry's failure to make significant changes to the "deficient" commercial lines sector has been "wholly unacceptable", according to research firm Mactavish.
Broker launches weather-related cover scheme
An insurance scheme has been launched that offers to compensate companies when the "wrong" kind of weather hits.
Reinsurance sector braced for huge losses in Japan
The global reinsurance industry is positioned to absorb the impact of the Japanese earthquake — even if the insured losses reach $35bn (£21.7bn).
Postbox: Time to revisit underwriting essentials
I have worked in underwriting for more than 20 years and, while technology has massively increased the array of tools we have available to underwrite risk, it's frightening to realise how few improvements have been made to the professionalism of our…
Penny Black's insurance week
Allianz almost shot itself in the foot last week when it encouraged management trainee Stephanie Ogden to take part in a TV debate in which she passionately defended the university degree system.
Strategic Technology Forum: clarity needed on internet data collection legislation
More clarity on forthcoming European legislation surrounding internet data collection is essential, if insurers are to implement it properly. This was the view shared by consulting firm Promontory Financial Group with Post's Strategic Technology Forum…
View from the top: embrace update challenge
Sometimes, if you want to look forward, it helps to have a look back first. This seems particularly true for the upcoming Continuous Insurance Enforcement legislation.
Post history - 10 years ago: RSA allays India job move fears
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this article from 10 years ago reveals.
Axa prepares to scrutinise customer claim behaviour
Axa is looking into using the Claims and Underwriting Exchange to check prospective household customers' claims experience before it quotes for business, as part of its plan to manage claims costs within this portfolio.
Crawford trials data mining plan with three suppliers
Crawford & Company is trialling three potential suppliers to support its plans to launch data mining and matching capabilities within its counter-fraud unit.
Sports cover in spotlight as footballer retires
The London insurance market has highlighted the importance of comprehensive sports insurance, after Reading FC footballer Chris Armstrong was forced to retire due to multiple sclerosis.
In series - fraud: the routes to recovery
With fraud now costing the industry £2.1bn a year, Nick Wood and Angela Gibson explain the various routes to recovery and added advantages this can bring.
Interview - John O'Roarke: taking LV to the next stage
John O'Roarke has seen the highs and lows of a career in insurance. He talks to Daniel Dunkley about his journey to LV and his plans for the next stage in the firm's development.
Canopius boss: massive quake will be tipping point
Canopius chairman Michael Watson believes the Japanese earthquake could serve as the tipping point on market rates, after lamenting the commercial lines market for its "folly" on low pricing.
Select committee under fire over referral disclosure plans
Motor insurers have hit back at government proposals forcing the industry to disclose details of their referral fee arrangements.
Quality data essential to avoid banking problem repeat
Insurers must use top quality data when preparing for Solvency II to avoid the problems suffered by banks during their implementation of Basel II, technology firm CSC claimed.
Household: can no claims discounts be applied to household insurance?
With Axa set to offer no claims discounts to household customers, Amy Ellis reports on market reaction and whether others will follow suit.
Career development & CSR: Searchlight ups specialist training courses to London market players
Insurance industry training provider Searchlight has begun offering specialist courses to London market practitioners.
Strategic Technology Forum: simplicity is key for data
Markel International has recommended its fellow insurers simplify their use of data as it prepares to move to a single underwriting system itself.