Insurer
Video: Preparing for the Insurance Bill
Last year the government introduced the Insurance Bill to Parliament, with the aim of supporting the growth of Britain’s insurance industry and helping customers by updating the 100 year-old rules governing contracts between businesses and insurers.
Pool Re reportedly weighing business interruption changes
UK terrorism insurance scheme Pool Re is reportedly evaluating changes to business interruption cover in the aftermath of the Charlie Hebdo killings in Paris.
FCA suggests FSCS management levy to drop 7.4%
The Financial Conduct Authority is consulting on the Financial Services Compensation Scheme's proposed management levy for the next financial year which would see an overall 7.4% reduction in expenses.
Blog: In out, in out shake it all about
Post editor Stephanie Denton reveals the third chapter of her epic kitchen floor leakage saga...
Insure the Box sale highlights threat of manufacturers to motor insurers
Motor manufacturers are primed to “take the motor insurance market by storm”, according to market insiders, who have highlighted the sale of Insure the Box as a wakeup call to the threat manufacturers represent to insurers.
Solvency II Delegated Acts brought into force
The Solvency II Delegated Acts were entered into force on 18 January in a move Insurance Europe has called an important step forward in the implementation of the regulatory regime.
ABI pushing for annual £1bn flood defence spend in new campaign
The Association of British Insurers is calling for an annual £1bn investment in flood defences by 2025 as part of its Flood Free Homes campaign, launching tomorrow (20 January) at Westminster.
IFoA suggests ABSs could replace CMCs in driving claims costs
The number of claims management companies operating across the UK has decreased by 35% over the past year, according the Institute and Faculty of Actuaries.
R&Q completes transfer of Danish marine business
Randall & Quilter has completed the portfolio transfer of Tryg Forsikring AS's discontinued marine business to R&Q Insurance (Malta), the group's EU run-off consolidator.
Airmic welcomes Insurance Bill warranty amendment
Risk management association Airmic has welcomed the reinstatement of a clause in the Insurance Bill that means insurers can deny cover for warranty breaches only if they are relevant to the risk.
Blog: What impact would Cameron's encryption ‘ban' have on the insurance industry?
In light of the recent events in Paris, one of the biggest stories following the tragedy has been the response from the UK government on measures to help prevent any future attacks on the UK regarding the surveillance of electronic communications.
Money Supermarket sees revenues jump 10% in 2014
Price comparison website Money Supermarket expects to report a 10% increase in revenues to £248m for the 2014 financial year, with adjusted Ebitda expected to grow by 13% to approximately £95m.
QBE's outlook revised to stable
Australian (re)insurer QBE's ratings outlook has been upgraded after taking a number of capital measures.
Zurich CRO calls on regulators to boost innovation
Financial regulators need to encourage innovation, rather than stifle it, in order for companies to respond to high-level global risks, according to Zurich's chief risk officer.
Insurers urged to look beyond underwriting when assessing telematics benefits
Insurers are squandering the benefits of greater data access by failing to recognise benefits beyond underwriting, according to Wunelli director Sandy Dunn.
Europe: Q&A with German risk managers
Walter Minnik speaks to German risk managers Christian Boehm of Freudenberg Group and Lutz Kalkofen of Hochtief, about current issues surrounding the European market
International conflicts biggest threat to global stability
The biggest threat to the stability of the world in the next 10 years comes from the risk of international conflict, according to the 10th edition of the Global Risks report published by the World Economic Forum.
ABI reaffirms two-thirds of industrial deafness claims are rejected
The Association of British Insurers has backed analyst claims that the industry is repudiating roughly two-thirds of industrial deafness claims, despite some firms suggesting rates north of 80%.
Blog: Five emerging trends to watch out for this year
This week Post gazed into its crystal ball to discover what 2015 held for the insurance market. Below are five of the most exciting (but also sobering) discoveries about the year ahead.
16% of Britons ‘horrified’ by driverless cars
Almost half of British adults would be unwilling to be a passenger in a driverless car while 16% are “horrified” by the idea, according to research from Uswitch.
Saga launching motor panel to expand customer base
Saga has created a new panel of motor insurers to build out its client base, while also plotting to double takings from its travel business.
57 flood warnings issued across UK
Environment agencies for the UK have issued a barrage of flood warnings as the country continues to suffer the impact of Storm Rachel.
Home businesses call for insurer partners to offer advice
Around 145,000 home-based business owners do not have business insurance because they believe their commercial activities are covered under their home insurance policy, according to Direct Line for Business.
More Than exploring pet telematics offering
More Than is considering a telematics-type offering for pets with a view to launching a product later this year.