Insurer
Bancassurance growth outstrips traditional models in Asia
The growth of the Bancassurance model is outstripping that of agents in many parts of Asia according to Joyce Chan.
Chinese motor market tipped to open up to international players
The Chinese motor market could offer great opportunities for international insurers if local legislation is relaxed next year.
Middle East insurance consolidation is inevitable, claims lawyer
It is not of matter of if there will be consolidation in the Middle East insurance market, but when, according to a local legal expert.
FSA bans broker for insurance fraud
The Financial Services Authority has fined broker John Folan £195 117 for insurance fraud and banned him from carrying out regulated financial services activity.
Affinity Select launches household service following PI success
Affinity Select Insurance Services is hoping to “fill a gap” in the household market with the launch of a new service designed to connect customers directly with industry experts.
Allianz promotes aviation manager to head of broker development
Allianz Global Corporate & Specialty has promoted Zoe Layden to the role of senior broker development manager for the UK business.
Kiln says 2009 improving, but 2010 outlook bleak
Lloyd's insurer J Kiln & Co, part of the Tokio Marine Group, has said in updated forecasts that the 2009 year of account remains on track, with syndicates 510, 557 and 807 showing some improvements.
Amlin reports fast rising rates in Q3
Amlin reported gross written premium for the ten months ended 31 October 2011 was up 7.1% at £2 051.9m (2010: £1,916.6m).
Editor's comment: Coming back to bite
Confident words have a nasty habit of coming back to haunt you – as Admiral’s CEO Henry Engelhardt discovered to his cost this week. From stockmarket darling to deep disappointer inside nine months, the motor-focused UK insurer has certainly suffered a…
Former broker boss launches new network
A former provincial broker is hoping to attract thousands of independent intermediaries to his newly launched network, after claiming the traditional model has reached “saturation point”.
RSA’s Brown promotes European focus as opportunity for UK brokers
RSA boss Adrian Brown has reassured UK brokers that the firm’s recent restructure of its executive team will have no negative impact on domestic commitments.
PSTF: Corporate technology rethink needed
Industry technology systems could become “obsolete” if companies fail to tackle information security fears, while corporate polices on device distribution and responsibility need an urgent rethink, according to expert panelists. The debate at last week’s…
PSTF: Digital channels set to dominate distribution
Insurers must embrace digital channels as the next dominant model for distribution, as the race to secure web-based connections with customers, partners and suppliers gathers momentum.
PSTF: ‘Outside-in’ approach needed to crack customer service
Insurers have been urged to adopt an “outside-in” approach to business in a bid to crack the customer service challenge and stand out from competitors – with chief information officers cited as best placed to execute this strategy.
PSTF: Customer experience: the new battleground
Providing a compelling customer experience will be the critical basis of competition for insurers in 2012 and the foreseeable future. This was the main message from Richard Edwards, principal analyst at Ovum, pictured, on managing IT strategy in an ever…
PSTF: Data protection telematics worries
Regulators must make a decision, stating where they stand on who owns the data produced as a result of telematics devices. Speaking at Post’s Strategic Technology Forum, Phil Ford, consulting director at Metaskil, warned that regulators need to consider…
Tottenham MP blasts insurer response to riots
Zurich has been forced to defend its alleged “woeful” response to the riots as small businesses fail to “fully understand” how to claim government funding.
Targeting young drivers pushes more insurers to switch to telematics
Co-operative Insurance is “on track” to have 10 000 customers signed up to its young driver telematics product, as Direct Line announces it too is targeting a pilot at this demographic.
News analysis: Admiral’s claims woes worsen as quarter three results revealed
Admiral’s market followers suffered a painful dose of déjà vu last week when the motor insurer’s quarter three results underscored its rising exposure to large bodily injury claims, and it warned full year pre-tax profits would be lower than expected.
My best 11 Simon Cooter, Brit Insurance
Brit Insurance’s director of market management and regional operations selects his Best XI for an insurance start-up, relying heavily on his colleagues, as well as celebrity businessmen and sporting superstars.
Career development: Ask the expert
Have the traditional push and pull factors, which influence people to move jobs, changed post-recession?
Market moves: Setting the trend
Insurer MMA was the main recruiter this week, with the firm naming five new staff across its regional office network. The moves set the trend among fellow underwriters, with high-profile appointments at Groupama, DAS and for Markel’s fledging operation…
Roundtable - Global programme: Building successful global programmes
Delivering tailored coverage around the world is a boon for multinational insurers. However, keeping up with regulatory demands, both internationally and locally, can be be a strain. Post gathered a group of experts to debate the most pressing issues.